New York (HedgeCo.Net) – The Blackstone Group, a $300 billion hedge fund investor, has made an undisclosed strategic investment with RedOwl Analytics, a security analytics firm.

“Our relationship with RedOwl began when we brought them onboard to help secure Blackstone,” the Chief Information Security Officer at Blackstone, Jay Leek, said. “When we saw the value RedOwl added, we quickly decided to also pursue an investment in their organization.  I have seen many approaches that make incremental progress towards improving security, yet very few that have had the potential to truly change the way we think about securing the firm. RedOwl is one of those companies. It is squarely focused on moving beyond the perimeter and securing the inside of an organization,”

The investment will help RedOwl develop a insider-risk detection platform, IP loss detection capabilities and expand its global go-to-market activities, the analytics company said in a press release..

RedOwl’s holistic approach to security, delivered through its Reveal Platform, fuses communications, digital, financial, and physical data in one place, and looks for changes, patterns and anomalies in behavior. Reveal anticipates future activity and reports, rather than alerts, thus providing end user answers and proactively identifying risk inside an organization.

“Beyond security, we are also delivering value to control, compliance, and audit professionals at major financial institutions by enabling them to proactively monitor risk,” added Brian White, COO of RedOwl. “We believe that the compliance and security challenge is the same, as both demand combining disparate data sources, applying advanced mathematics, and delivering actionable insights.”

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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