PRESS RELEASE
MONTREAL, March 26, 2024 (Newswire.com) – Glowglobal leader in Threat Exposure Management, today announced the acquisition of Tracea US-based data exposure company renowned for its expert team and its unique Total ReconTM detection engine.
This acquisition marks a significant milestone in Flare’s journey since it was founded in 2017 and comes at a time when the Montreal-based company celebrates triple-digit year-over-year growth in 2023. The deal is believed to be among the top mergers and acquisitions in the Threat Exposure Management (TEM) space since it was first coined by Gartner in 2022.
“The inclusion of Foretrace in the Flare family further expands our capabilities to collect data on emerging threats, while deepening our expertise, ensuring we are well positioned to lead the way in TEM,” said Norman Menz , CEO of Flare. “This acquisition is a testament to our commitment to innovation and excellence as we enable organizations to address the threat landscape with confidence and precision.”
The growing volume and variety of external threat exposures means organizations are facing more challenges than ever in identifying, prioritizing and mitigating risks across the attack surface. Foretrace’s technology enables better correlation and contextualization of threat exposure data with trained generative AI systems to assist users in threat investigations. Adding these enhancements to the Flare platform – which brings together coverage of previously siled technology solutions such as cyber threat intelligence, attack surface management and digital risk protection – promises to deliver better outcomes for customers who want create TEM programs.
As part of the deal, Flare also announced that Foretrace founding executives Nick Ascoli and Matt Mosley will join the company as Senior Product Strategist and VP of Strategic Partnerships, respectively. In addition to founding Foretrace, Ascoli is a highly decorated cybersecurity innovator who has published several open source tools and presented research at Blackhat, Defcon, GrrCON, SANS, BSides and other conferences on topics including data leaks, attack surface management and reconnaissance. . Matt Mosley brings three decades of diverse experience in cybersecurity leadership roles, most notably as VP of Product Management at Cyren, VP of Product at Devo, and dual roles of CPO and CISO at PIXM.
“We are thrilled to join forces with Flare,” said Mosley. “Together, we are poised to set new standards in threat exposure management by leveraging our combination of expertise and innovative technologies to deliver unprecedented value to our customers. We look forward to embarking on this exciting new chapter with the Flare team.”
Ascoli added: “Fundamentally, Threat Exposure Management is about applying an adversarial lens to external threats. This was a big part of my mission when I founded Foretrace, and I couldn’t be more excited to continue it with Flare.”
To learn more about Flare’s innovative solutions and its impactful collaboration with Foretrace, please visit https://flare.io.
About Flare
Flare is at the forefront of threat exposure management, offering AI-powered solutions that provide comprehensive threat analysis and resolution in real-time. With its advanced technology, Flare offers a proactive approach to cybersecurity, scanning the online world, including the light and dark web, to identify, prioritize and address potential threats quickly and efficiently. For more information visit https://flare.io.