Cybersecurity firm BlueVoyant purchased Conquest Cyber, a company specializing in software-as-a-service, to expand its product and service portfolio.
The consolidation of the two companies is expected to address a shortfall in products for comprehensive information technology risk assessment, validation and mitigation, BlueVoyant CEO James Rosenthal said in a statement published Wednesday.
Conquest Cyber is known for its SaaS platform that integrates security posture with detection, response and compliance with regulatory frameworks such as the Cybersecurity Maturity Model Certification 2.0 program, a requirement for contractors of the U.S. defense industrial base.
Conquest is expected to broaden BlueVoyant’s Microsoft (Nasdaq: MSFT) security capabilities to include Defender for Cloud, Defender for Vulnerability Management and Purview for Compliance.
The acquisition coincided with a Series E funding round that raised over $140 million from BlueVoyant’s existing investors. Participants include Liberty Strategic Capital and ISTARI. Eden Global Capital Partners served as strategic adviser.
