Blackstone Group LP has signed an agreement to invest in iSIGHT Partners' risk management technology that is designed to help security teams detect and counter cyber threats.
iSIGHT Partners has patented the Cyber Risk Management System and plans to release the technology in the first quarter of 2014, the company said Tuesday.
Jay Leek, chief information security officer at Blackstone, said the company intends for iCRMS to gather cyber threat intelligence, transmit data to security departments and schedule resources to prevent risks.
John Watters, iSIGHT CEO, said the company plans to incorporate iCRMS into its threat detection platform ThreatSPACE and bring the product to the market.
“We’ve invested substantial capital over the past six years to develop our global footprint, our threat fusion center, and our intelligence delivery capabilities,“ added Watters.