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Cygilant, Inc.

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Cygilant, Inc.
Private
ISIN🆔
IndustryTechnology, Information Security
Founded 📆2001
Founder 👔
Headquarters 🏙️, ,
United States
Area served 🗺️
Key people
Rob Scott, President/CEO
Members
Number of employees
🌐 Websitewww.cygilant.com
📇 Address
📞 telephone

Cygilant, Inc, (originally named EiQ Networks, Inc.), is a Boston-based security software-as-a-service (SaaS) company focused on information security and compliance objectives.[1] EiQ Networks’ origins are in analysis of log files across web servers, file servers, firewalls and other network devices,[2] but moved into the security information and event management (SIEM) market.[3]

Company[edit]

EiQ Networks, Inc. was founded in 2001. EiQ Networks’ global headquarters are in Boston, Massachusetts, with additional in Hyderabad, India. EiQ Networks is a closely held private company. The company completed its first institutional round raising $10 million in January 2009 led by Venrock.[4] The company received an additional $2 million in September 2010[5] and also raised $750,000 in debt financing in June 2012.[6] Santa Monica-based Arrowroot Capital invested into EiQ Networks in 2014, and the Company has since experienced substantially higher growth rates driven by the ramp-up in the company's inside sales organization. [7] EiQ Networks was co-founded by Vijay Basani and Jay Reddy. In September 2017, the company announced that it has raised an additional $7 Million in funding and would rebrand as Cygilant, Inc. [8] Prior to founding EiQ Networks, Basani and Reddy co-founded WebManage Technologies, which was acquired by NetApp in 2000.[9]

Leadership[edit]

In 2019, Rob Scott, who was president of network security company Bradford Networks when it was acquired by Sunnyvale, California-based Fortinet in June 2018, took over the role of CEO of Cygilant from co-founder Vijay Basani.[10]

Relationship with the security community[edit]

On Feb. 8th 2018 the company mocked and insulted several security researchers on Twitter. They also tweeted "Thanks for the free marketing, kids! #HowYouDoMarketing". Later the tweets were deleted and the company apologized.[11]

NetWalker Hack[edit]

Cygilant was hacked by the NetWalker treat actors in late August/Early September 2020.

See also[edit]

  • Information Security
  • Security Information and Event Management (SIEM)
  • Boston, Massachusetts
  • Venrock

References[edit]

  1. Claffey, Jason (2015-02-24). "Security Firm Leaves Acton for Boston". Patch. Retrieved 2015-04-09.
  2. Butler, Brandon (2015-03-16). "New products of the week". Network World. Retrieved 2015-04-09.
  3. Stephenson, Peter (2014-04-01). "Product Information". SC Magazine. Retrieved 2015-04-09.
  4. "eIQnetworks Raises $10 Million". Private Equity Hub. 2009-01-20. Retrieved 2015-04-09.
  5. "eIQnetworks Lands $2,000,000 New Funding". Xconomy. 2010-09-03. Retrieved 2015-04-09.
  6. Resende, Patricia (2012-06-15). "eIQnetworks secures $750K debt fundraise". Boston Business Journal. Retrieved 2015-04-19.
  7. Resende, Patricia (2016-01-16). "EiQ Networks Raises $9.55 Million In Series C Growth Capital Led By Arrowroot Capital". EiQ Networks. Retrieved 2015-04-19.[permanent dead link]
  8. "EiQ Networks Raises $9.55 Million In Series C Growth Capital Led By Arrowroot Capital". PrWeb. 2017-09-19. Retrieved 2017-11-02.
  9. Alvear, Jose (2000-09-05). "Network Appliance Buys WebManage for $75 Million". Streaming Media. Retrieved 2015-04-09.
  10. "Security startup Cygilant appoints new CEO". Boston Business Journal. 2019-03-26. Retrieved 2019-12-10.
  11. Whittaker, Zack. "Security firm Cygilant apologizes after social media meltdown". ZDNet. Retrieved 2018-02-09.

External links[edit]


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