10 Cybersecurity Companies Making Moves: July 2023
We’re taking a look at some of the cybersecurity companies that launched new products and partner programs, unveiled acquisitions or made key executive hires in July.
Cisco announced in July it plans to add another startup’s technology to its security portfolio with its agreement to acquire identity threat detection and response startup Oort. Once combined, Oort’s identity-centric technology will enhance user context telemetry for Cisco’s Security Cloud platform, Cisco said. The companies did not disclose the terms of the deal.
The tech giant has been a strategic investor in Oort since 2022. Oort was founded by Cisco alumni Matt Caulfield, an entrepreneur and former Cisco engineer for 10 years who has a background in cloud, networking and data.
Oort’s identity-centric technology will be incorporated into the Cisco Security Cloud platform, including within Cisco’s Duo identity access management technology and extended detection and response portfolios, according to Raj Chopra, senior vice president and chief product officer for Cisco Security.
Cisco has unveiled agreements to acquire four security-related startups in 2023 so far, with Oort joining a list that includes Lightspin, Valtix and Armorblox.