CISO Global has announced the signing of a licensing agreement to provide its entire suite of next generation intellectual property to CRG Research, LLC.
“Licensing our full intellectual property portfolio to providers who then create wholly separate offerings in the marketplace will result in new revenue streams for CISO,” said CTO Jerald Dawkins, Ph.D., CISO Global. “The significance of this model is that it extends the reach of CISO Global’s leading-edge technology to help solve widespread cybersecurity problems. CRG is the first of a host of new partners who will build on top of our products to address issues and improve cybersecurity effectiveness across multiple industries.”
CRG (Cyber Risk Governance) provides technical research services to legal firms conducting pre-transaction due diligence in the mergers and acquisitions space, proactively uncovering cyber incidents and vulnerabilities that could significantly impact a planned transaction. CISO’s proprietary solutions will empower CRG to collect and assess network data in real time and with more extensive detail than competitors.
According to a study conducted by IBM, one in three acquirers experienced a breach attributable to merger and acquisition activity in the integration phase, pointing to market demand for cyber research during due diligence. Uncovering hidden breaches and vulnerabilities using a research firm like CRG during the pre-transaction period can enable parties to remediate vulnerabilities, thereby mitigating the risk of potential losses due to a breach.
“We are excited to partner with CISO Global and their next generation technology,” said James Crank, a Partner at CRG Research. “We work with global security leaders to provide in-time network assessments and research to empower M&A attorneys to better understand the digital risks of potential acquisitions.”
