Richmond’s Risk Based Security acquired by Flashpoint

Richmond-based Risk Based Security has been acquired by Flashpoint, a New York-based cybersecurity developer specializing in threat intelligence and risk prevention.

RBS, founded in 2011, specializes in vulnerability intelligence, breach data and vendor risk ratings.

Financial details of the transaction were not disclosed.

“I am incredibly excited to welcome the RBS team to Flashpoint,” Flashpoint CEO Josh Lefkowitz said in a statement. “This acquisition will enable our clients to rapidly detect critical vulnerabilities before they are widely known, and then automate how they prioritize and remediate these issues. This is a game-changer for security teams and represents a vital step towards achieving Flashpoint’s vision of being the single vendor that enterprises can rely on to mitigate all types of security risks and protect critical assets.”

RBS clients include Microsoft Corp., Blackrock Inc., Northrop Grumman Corp., Swisscom, American Electric Power Co. and Amtrak.

“We’re thrilled to join forces with Flashpoint,” RBS CEO Jake Kouns said. “It’s rare to find two organizations so similar in culture with a mutual drive to get things done. Our visions align perfectly, and we are excited to collaborate with them to bring a holistic, risk-based intelligence offering to a broad market.”

All RBS employees will join Flashpoint.