On Our Radar: Deals we are paying attention to for their impact on industry.
Cybersecurity risks multiply by the day. Then it’s no surprise that companies combating those risks are racing to keep up.
Enter CyberRisk Alliance.
In its second acquisition in five weeks, CyberRisk Alliance, a B2B cybersecurity risk management and information firm founded last year, announced on April 1 an investment in the CyberSecurity Collaboration Forum.
The dollar amount was not disclosed.
In February, the company also bought the conference and trade show company InfoSec World. Behind CyberRisk Alliance is media veteran Doug Manoni, who launched the alliance with private equity firm Growth Catalyst Partners.
Manoni told Folio magazine last year that he wants CyberRisk Alliance to serve as a holding company that will build or acquire other products such as “digital media, data and research, events, marketing services, peer networks, training and certification programs and “security awareness services”— essentially resources to help practitioners train their employees.
Investing in the forum is in line with the Chicago-based alliance’s strategy to provide information, events, digital marketing services and other resources to educate businesses about cybersecurity and information risk management, in that the forum builds community and networking among professionals and creates business opportunities.
The forum sponsors regional invitation-only events that unites C-suite, risk management, compliance and privacy officers with security professionals for conversations about best practices and protecting company assets from breaches and other threats. This year, it has scheduled 13 events in major U.S. cities — a number it hopes to double in 2020.
“There’s heightened awareness, and there’s great demand for information resources, training and a myriad of specialized services,” Manoni told Folio last year. “These conditions have manifested themselves into this rapid proliferation of technology and other product innovation, which require significant traditional and advanced marketing services.”
Frances Katz is a freelance writer focusing on media, culture and technology. Her work has appeared in The Atlantic, The Week, The Washington Post, USA Today and other publications. She lives in Atlanta.