Software company Ivanti closed on a deal last week to acquire RiskSense, an Albuquerque cybersecurity firm that offers platforms for managing digital vulnerabilities which could lead to cyberattacks.
The deal provides Ivanti with new technological capabilities to pair with its patching services meant to identify and fix vulnerabilities that may lead to a hack. While the deal came to a close on July 28, the companies waited until Monday to announce it.
With the acquisition, the Utah-based cybersecurity giant will now be able to provide what RiskSense cofounder Mark Fidel called "vulnerability management" to prioritize patches for the vulnerabilities that present the highest risk.
"Together, Ivanti and RiskSense provide security and [information technology] teams with context and adaptive intelligence around what their organization’s exposures are to vulnerabilities that are being actively exploited, including whether those vulnerabilities are tied to ransomware, and then enable them to quickly remediate those threats," Ivanti president and chief product officer Nayaki Nayyar said in a statement to Business First.
RiskSense cofounder and CEO Srinivas Mukkamala will become senior vice president of Ivanti's cybersecurity division, while also continuing to lead RiskSense, Fidel said.
RiskSense also has growth goals under Ivanti that are expected to lead to increased profitability, Fidel said.
Officials declined to disclose the terms of the deal, but Mukkamala said the deal was "probably one of the largest private deals in New Mexico."
RiskSense company was founded in 2006 and currently employs about 120 people. As part of Ivanti, RiskSense may hire more workers in New Mexico and elsewhere.
"This combination is going to drive growth across the board," Nayyar told Business First. "Many of our roles do not have a required location, though we may see more employment opportunities in New Mexico as a result of the deal."
Ivanti is headquartered in South Jordan, Utah, and has roots spanning back to 1985. It offers an automated information technology platform for managing and securing networks. Earlier this year, it acquired Cherwell Software out of Colorado Springs, Colorado, according to reporting from the Colorado Springs Gazette.
“All these assets together [are] building an amazing security company," Mukkamala said.
