Fidelis Cybersecurity Acquires Firm With Deception Technology

Fidelis Cybersecurity last Thursday said it has acquired TopSpin Security Ltd., a small cyber security firm with capabilities in the areas of deception and detection technology.

Terms of the deal were not disclosed. TopSpin operates in Israel and New Jersey. It has 18 employees and the company’s staff will become part of Maryland-based Fidelis.iStock Cyber Lock

Fidelis said that “TopSpin decoys, traps and lures automatically adapt to the changing behaviors and topology of the network.” Fidelis said it will add TopSpin’s technology platform to its own Elevate platform, providing more visibility and detection capabilities into networks to protect data.

“We are extremely excited to have found a partner that shares our vision of extending the Fidelis Elevate platform to deliver advanced capabilities that protect our customer’s data and delivers significant improvements in the effectiveness and efficiency of their security operations capabilities,” John McCormack, CEO of Fidelis, said in a statement.

A spokesman for Fidelis said in an email response to queries that the deception technology that TopSpin provides is a new capability for Fidelis. He also said in addition to the technology, Fidelis is acquiring expertise in the “deception security space and both their capability and their approach to adaptive deception, persistent visibility and automation fits nicely with the new automated detection & response approach of Fidelis Cybersecurity.”

Fidelis is a portfolio company of the private equity firm Marlin Equity Partners, which acquired the cyber security company from General Dynamics [GD], in 2015. The spokesman said the deal for TopSpin was driven by Marlin.

TopSpin has customers in the financial, pharmaceutical and healthcare sectors.

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