LookingGlass Cyber Solutions’ Acquisition of Goldman Sachs’ Threat Intelligence Platform

Ropes & Gray represented Goldman Sachs in its sale of the Sentinel platform, Goldman’s internal risk threat management software, to Cyber Solutions.

LookingGlass™ Cyber Solutions, a leader in threat intelligence-driven security, finalized its acquisition of Sentinel™, a threat intelligence platform developed by global investment banking and securities firm Goldman Sachs.

LookingGlass has been a long-term threat intelligence vendor to Goldman Sachs, a relationship that facilitated LookingGlass’ acquisition of Sentinel and fulfills Goldman Sachs’ vision to expand the platform to the broader financial services industry and beyond. Under the terms of the acquisition, LookingGlass will further develop and commercialize the technology behind Sentinel. Goldman Sachs also becomes a strategic investor in LookingGlass, with Rana Yared, Managing Director in the Principal Strategic Investments (PSI) group at Goldman Sachs, joining LookingGlass’ board of directors.

Built by Goldman Sachs engineers, Sentinel served as the firm’s in-house Security Information and Event Management platform to facilitate the ingestion, extraction, and organizational workflow of cyber threat intelligence in the heavily-targeted financial services industry. Recognized by the public sector and financial services community for its technology and role in critical infrastructure protection, Sentinel has enabled Goldman Sachs to amplify its security analyst team’s efforts to address a myriad of cybersecurity threats. Sentinel also earned the 2015 Technology Banking Award for “Best Cyber-Security Initiative” from the U.S. Department of Homeland Security.

LookingGlass will incorporate the Sentinel platform into its comprehensive portfolio of Automated Data Services™, Threat Intelligence Platforms, Threat Intelligence-as-a-Service™ solutions, and network-based threat response platforms. Sentinel complements the visibility and situational awareness delivered by LookingGlass’ ScoutPrime™ security management command center, addressing the process by which analysts perform entity extraction of structured and unstructured threat intelligence, make analytic assertions and relations, alert on areas of interest, and produce reports.

Ropes & Gray represented Goldman Sachs on the deal with a team including IP transactions partner Harry Rubin (Picture), IP transactions counsel Michael Kurze, private equity partner Eric Issadore, mergers & acquisitions partner Jane Goldstein, IP transactions associate Jillian Rothman, private equity associate Peter Wang and tax associate Benjamin Rogers.

Involved fees earner: Eric Issadore – Ropes & Gray; Jane Goldstein – Ropes & Gray; Peter Wang – Ropes & Gray; Harry Rubin – Ropes & Gray; Michael Kurzer – Ropes & Gray; Benjamin Rogers – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Goldman, Sachs & Co.;

Author: Ambrogio Visconti