Forcepoint

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Forcepoint LLC
FormerlyWebsense, Raytheon|Websense
TypePrivate
IndustryCyber security
Founded1994; 27 years ago (1994) in Sorrento Valley, San Diego
FounderPhil Trubey
HeadquartersAustin, Texas
Area served
Worldwide
Key people
Manny Rivelo, CEO
Revenue$658 million (2019)[1]
OwnerFrancisco Partners
Number of employees
2,300 (2016)[2]
Websitewww.forcepoint.com

Forcepoint, an American multinational corporation software company headquartered in Austin, Texas, that develops computer security software and data protection, cloud access security broker, firewall and cross-domain solutions.

Forcepoint was founded in 1994 as an information technology reseller called NetPartners. It was renamed Websense in 1999 and became a public company in 2000 at the peak of the dot-com bubble. Vista Equity Partners acquired Websense in 2013 for $906 million. Raytheon acquired an 80% interest in Websense in April 2015 for $1.9 billion and acquired the remaining 20% interest in 2019. In 2015, Websense acquired network security vendor Stonesoft from Intel and in 2016, the company was renamed Forcepoint. Francisco Partners announced in October 2020 that they had agreed to acquire the company from Raytheon. The transaction was completed in January 2021.

Corporate history[edit]

NetPartners[edit]

The company was founded in 1994 as NetPartners in Sorrento Valley, San Diego by Phil Trubey.[3][4][5][6] The company began as a reseller for network security products,[6][7] then developed software for controlling Internet use by employees.[4]

In 1998, NetPartners raised $6 million in venture capital funding and had $6 million in annual revenue.[4] Later that year, investors pushed Trubey out of the CEO position and appointed John Carrington as his replacement.[4][8]

Websense[edit]

In June 1999, NetPartners was renamed Websense.[9]

In March 2000, at the peak of the dot-com bubble, Websense raised $72 million in an initial public offering. The stock price doubled on its first day of trading.[10][11][12]

In 2006, former McAfee CEO Gene Hodges succeeded Carrington as chief executive officer of the company.[8] Also in 2006, Websense acquired a fingerprint security company called PortAuthority for $90 million.[13]

In October 2007, the company acquired email security vendor SurfControl for $400 million.[14][15]

In 2009, Websense acquired Defensio, a spam and malware company focused on social media.[16]

By 2009, Websense had 1,400 employees, with offices in England, China, Australia, and Israel.[17]

In 2011, Facebook deployed Websense to check every link users shared on the site.[5][18]

In 2013, Vista Equity Partners acquired the company for $906 million.[5] Websense headquarters were moved to San Diego that year[3] and to Austin, Texas in 2014.[6]

In 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion[19] and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense.[20] In October 2015, Raytheon acquired Foreground Security, a provider of security operations centers, managed security service solutions and cybersecurity professional services, for $62 million.[21]

Forcepoint[edit]

Raytheon acquired an 80% interest in Websense in May 2015 for about $1.9 billion.[22][23][24][25]

In October 2015, the company acquired Stonesoft and Sidewinder from Intel for $389 million.[26][27] Stonesoft was a network security product previously known as "McAfee Next-Generation Firewall;"[27] Sidewinder was a firewall previously known as McAfee Firewall Enterprise.[27]

In January 2016, the three companies were combined and rebranded as "Forcepoint".[26] The new company also included Raytheon's "Cyber Products" business.[28] At the time, Forcepoint had 2,000 employees, with one-third of its customers being departments in the federal government of the United States.[28] Forcepoint became the smallest of five major businesses owned by Raytheon, but had the highest profit margin.[28] The following year, Forcepoint began shuffling executives in a re-organization effort that included some layoffs.[27] The company was divided into four business units: Cloud Security, Network Security, Data & Insider Threat Security, and Global Governments.[27]

In April 2016, Matthew Moynahan was appointed chief executive officer of Forcepoint.[29]

In February 2017, Forcepoint acquired a cloud-based access broker (CASB) security product from Imperva called Skyfence.[27]

In August 2017, Forcepoint acquired user and entity behavior analytics company RedOwl.[27][30]

In the fourth quarter of 2019, Raytheon acquired the remaining 20% of the company from Vista Ventures Partners LLC for $588 million.[1]

In October 2020, Francisco Partners announced their agreement to acquire Forcepoint from Raytheon.[31][32] The transaction was completed in January 2021.[33]

Version history[edit]

By 1997, three years after Forcepoint was founded, the company had published version 3 of its software.[34] Version 3.0 introduced the software's first graphical, web-based administrative user interface.[35] At the time, Forcepoint's software was only used to prevent employees from viewing certain types of content at work, but in 2006 features were added to detect when employees were attempting to visit websites suspected of hosting malicious code.[36]

In 2007 Websense introduced a product to control content a user can see on social media websites,[37] an endpoint security product,[38] a website reputation ranker,[39] and a small business version.[40] Additionally, a product was added to the Websense suite that identifies sensitive files in un-secure locations on the corporate network and looks for records of those files being transmitted.[41]

Websense introduced its first appliance product in 2009.[42]

In 2010, some products were consolidated into the Triton software, which became responsible for increasingly large portions of the company's revenue.[43] In February 2012, Forcepoint released a cloud-based suite of IT security products for smartphones, tablets, laptops, USB drives, and other mobile devices.[44] Upgrades to the suite in 2012 added the ability to identify confidential information in an image file.[45] Three new products or revisions were introduced in 2016, all focused on security risks caused by employees.[46]

Censorship[edit]

Forcepoint has a policy against selling to governments and ISPs that engage in Internet censorship,[47][48] however it has been criticized for a "perceived link to censorship of free speech and the dissemination of knowledge."[5]

In 2009, it was discovered that the Yemeni government was using Forcepoint's products to monitor the public's internet use[47] and block tools that allow citizens to hide their internet use from the government[48] and the software Alkasir was created to circumvent it.[49][50] Forcepoint responded by cutting off the country's access to Forcepoint's database updates.[47] In 2011, Forcepoint said it would join the Global Network Initiative, which is focused on privacy and Internet freedom.[47] It left the initiative in 2014.[51]

A 2002 study in JAMA found that Forcepoint had the best-performing web-filtering products in terms of blocking pornography while allowing health information.[52] In contrast, a 2005 report by the Rhode Island branch of the American Civil Liberties Union said Forcepoint is a "blunt instrument" and that in public libraries equipped with Forcepoint people of all ages "are still denied access to a wide range of legitimate material."[53][54] A 2006 report by Brennan Center for Justice found that Forcepoint often blocked websites that discussed pornography, but did not actually feature pornography.[55] Forcepoint software also blocked a furniture website called "the-strippers.com ",[52] which is not pornographic, and instead a website for a furniture refinisher. In the author's study, 0-15 percent of the sites blocked by Forcepoint should have been viewable by the user and 10 percent of objectionable websites were let through, rather than blocked.[52] According to blogger Jillian York, Forcepoint blocks pages that contain pornographic links anywhere in its content, even in the comments section. He said "a malicious attacker could get your whole site blocked at any time by the simple procedure of leaving dangerous, malicious or pornographic links in a blog's comments".[56]

For approximately 15 minutes in 2009, Forcepoint classified router company Cisco Systems's website under 'hack sites'. Due to one of Cisco's IP addresses being named on a hacker website. The IP address was reviewed, and deemed not a threat.[57]

References[edit]

  1. ^ a b "Raytheon Reports Strong Fourth Quarter and Full-Year 2019 Results" (Press release). January 30, 2020.
  2. ^ Kuranda, Sarah (February 6, 2017). "Forcepoint 'Repositions' Some Employees, Head Of Sales Departs". CRN.
  3. ^ a b Freeman, Mike (August 28, 2016). "Taking stock: Region aims to grow cyber industry". The San Diego Union-Tribune.
  4. ^ a b c d Osborne, D.M. (April 1, 2001). "Dear John: What happens when the venture capitalists find profit in your company -- but don't see profit in you?". Inc.
  5. ^ a b c d O'Dell, J. (May 20, 2013). "Websense, publicly traded since 2000, goes private in $906M buyout". VentureBeat.
  6. ^ a b c Sherman, Alex (March 12, 2015). "Vista Said to Hire Bank to Sell Network-Security Firm Websense". Bloomberg News.
  7. ^ Schroeder, B. (2015). Fail Fast or Win Big: The Start-Up Plan for Starting Now. AMACOM. p. 149. ISBN 978-0-8144-3479-6. Retrieved May 24, 2017.
  8. ^ a b Kirk, Jeremy (January 10, 2006). "McAfee president jumps ship to Websense". International Data Group.
  9. ^ "SC 13D". U.S. Securities and Exchange Commission. March 27, 2000.
  10. ^ Hennessey, Raymond (March 28, 2000). "Shares of Websense Open At Nearly Double IPO Price". The Wall Street Journal.
  11. ^ "Websense a first day hit". CNN. March 28, 2000.
  12. ^ Frazier, Mya (May 8, 2000). "Big Brother could be watching you -- online". American City Business Journals.
  13. ^ Messmer, Ellen (December 20, 2006). "Websense announces deal to buy PortAuthority". International Data Group.
  14. ^ Savvas, Antony (October 4, 2007). "Websense completes SurfControl acquisition to further intelligent content protection". Computer Weekly.
  15. ^ Garretson, Cara (October 5, 2007). "WebSense to offer security inside and out". International Data Group.
  16. ^ Messmer, Ellen (January 27, 2009). "Websense buys Defensio to keep user-generated content clean". International Data Group.
  17. ^ McMillan, Robert (August 5, 2009). "Websense to cut 5 percent of staff". International Data Group.
  18. ^ SUBBARAMAN, NIDHI (October 18, 2011). "Websense Is Facebook's Bug (And Spam) Exterminator". Fast Company.
  19. ^ "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal". Reuters. 2015-04-20. Retrieved 2020-07-25.
  20. ^ "Raytheon-Websense joint cyber venture changes name to Forcepoint". www.bizjournals.com. Retrieved 2020-07-25.
  21. ^ Company, Raytheon. "Raytheon broadens cyber capabilities with acquisition of Foreground Security". www.prnewswire.com. Retrieved 2020-07-25.
  22. ^ "Raytheon announces completion of commercial cybersecurity joint venture transaction with Vista Equity Partners" (Press release). PR Newswire. May 29, 2015.
  23. ^ Cameron, Doug (April 19, 2015). "Raytheon to Plow $1.7 Billion Into New Cyber Venture". The Wall Street Journal.
  24. ^ Dunn, John E. (April 21, 2015). "Defense giant Raytheon to pay $1.9 billion for Websense". International Data Group.
  25. ^ DARROW, BARB (October 28, 2015). "Intel To Sell Firewall Business to Raytheon Unit". Fortune.
  26. ^ a b Kerner, Sean Michael (January 14, 2016). "Raytheon - Websense Rebrands as Forcepoint". eWEEK.
  27. ^ a b c d e f g Kuranda, Sarah (August 28, 2017). "Forcepoint Acquires RedOwl To Add Security Analytics, UEBA Capabilities". CRN.
  28. ^ a b c Wakeman, Nick (January 14, 2016). "New name just the start for Raytheon". Washington Technology.
  29. ^ Anderson, Will (April 29, 2016). "Forcepoint names Matthew Moynahan as CEO". American City Business Journals.
  30. ^ Kerner, Sean Michael (September 25, 2017). "Forcepoint Acquires Security Analytics Vendor RedOwl". eWeek.
  31. ^ "Francisco Partners to Acquire Forcepoint from Raytheon Technologies" (Press release). October 26, 2020.
  32. ^ "PE Firm to Acquire Forcepoint From Raytheon | SecurityWeek.Com". www.securityweek.com. Retrieved 2020-11-09.
  33. ^ "Francisco Partners Completes Acquisition of Forcepoint".
  34. ^ Websense 3.0. PC Magazine. Ziff Davis, Inc. May 6, 1997. p. 95-IA5.
  35. ^ Websense 3.1 Effectively Screens Internet Content. InfoWorld. February 9, 1998. p. 68.
  36. ^ Garretson, Cara (November 6, 2006). "Websense touts preemptive threat-protection technology". International Data Group.
  37. ^ McMillan, Robert (August 4, 2007). "DEFCON - Websense lures Web 2.0 attackers with HoneyJax". International Data Group.
  38. ^ Messmer, Ellen (December 20, 2007). "Websense touts data-leak prevention endpoint control". International Data Group.
  39. ^ Garretson, Cara (February 7, 2007). "RSA '07:Websense enhances threat-detection software". International Data Group.
  40. ^ Messmer, Ellen (July 2, 2007). "Websense introduces Express for SMB market". International Data Group.
  41. ^ Messmer, Ellen (June 11, 2007). "Websense security software now blocks unauthorized data". International Data Group.
  42. ^ Messmer, Ellen (April 6, 2009). "Websense unveils its first Web security appliance". International Data Group.
  43. ^ Messmer, Ellen (February 9, 2010). "Websense debuts unified security architecture". International Data Group.
  44. ^ "Websense Plugs Data Leaks, Plays Malware Guard On Mobiles For The Office". Fast Company. February 29, 2012.
  45. ^ Messmer, Ellen (July 10, 2012). "Websense adds 'criminal encryption' detection to security gateway". International Data Group.
  46. ^ Seals, Tara (January 14, 2016). "Raytheon - Websense Becomes Forcepoint". Infosecurity Magazine.
  47. ^ a b c d Garling, Caleb (December 8, 2011). "Websense Joins Goohoosoft's Fight For Human Rights". Wired.
  48. ^ a b Sonne, Paul; Stecklow, Steve (March 28, 2011). "U.S. Products Help Block Mideast Web". The Wall Street Journal.
  49. ^ Dwyer, Jim (2015). More Awesome Than Money: Four Boys, Three Years, and a Chronicle of Ideals and Ambition in Silicon Valley. Penguin Group. pp. 81–82. ISBN 9780143127895.
  50. ^ Hudson, John (March 28, 2011). "Meet the U.S. Companies Helping Censor the Arab Web". The Atlantic.
  51. ^ Taddeo, Mariarosaria; Floridi, Luciano (2017). The Responsibilities of Online Service Providers. Springer Publishing. p. 144. ISBN 9783319478524.
  52. ^ a b c Richardson, Caroline R.; Resnick, Paul J.; Hansen, Derek L.; Derry, Holly A.; Rideout, Victoria J. (December 11, 2002). "Does Pornography-Blocking Software Block Access to Health Information on the Internet?". JAMA. 288 (22): 2887–2894. doi:10.1001/jama.288.22.2887. ISSN 0098-7484. PMID 12472332.
  53. ^ "ACLU OF RHODE ISLAND RELEASES REPORT ON "TROUBLING" INTERNET CENSORSHIP IN STATE'S PUBLIC LIBRARIES" (Press release). American Civil Liberties Union. April 19, 2005.
  54. ^ "R.I. ACLU Releases Report On "Troubling" Internet Censorship In Public Libraries" (PDF). American Civil Liberties Union. April 2005.
  55. ^ Heins, Marjorie; Cho, Christina; Feldman, Ariel (May 17, 2006). "Internet filters: a public policy report". Brennan Center for Justice. pp. 38–39.
  56. ^ "West Censoring East: Or Why Websense Thinks My Blog is Pornography". Jillian York (coauthor of the 2010-2011 ONI report). March 28, 2011. I will say that Yemen has stopped using [Forcepoint] and we're not aware of any other countries–at least in the Middle East and North Africa–that use the software.
  57. ^ Leyden, John (March 20, 2009). "Websense mistakes Cisco.com for hack site". The Register.