Author: Ross Wilkers|| Date Published: January 9, 2017
Philadelphia-based private equity firm LLR Partners has purchased an automated threat detection and cyber hunting technology business unit from Northrop Grumman (NYSE: NOC) for an undisclosed sum to grow a commercial market footprint for machine learning-based tools.
LLR said Monday it has committed $50 million in financing to support both the transaction and efforts to expand the BluVector product’s customer base that includes public sector agencies and Fortune 1000 businesses.
The former Northrop subsidiary once known as Acuity Solutions developed BluVector to use machine-learning and artificial intelligence techniques in efforts to help security analysts and incident response teams address advanced cyber threats in real time and identify links and patterns in network data.
BluVector contains an Intel-grade appliance that works to reduce threat response times from months to minutes.
BluVector CEO Kris Lovejoy will continue to lead the business as a standalone unit under LLR’s ownership.
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Philadelphia-based private equity firm LLR Partners has purchased an automated threat detection and cyber hunting technology business unit from Northrop Grumman (NYSE: NOC) for an undisclosed sum to grow a commercial market footprint for machine learning-based tools.
