The acquisition would solidify the cybersecurity solutions firm’s relationship with Haystax, a Fishtech Venture Group partner since 2016.
The new entity will further Fishtech’s mission of data-driven security solutions while extending Haystax’s customer reach beyond its roots in homeland security and public safety.
Gary Fish, founder and CEO of Fishtech, will serve as CEO and Pete Shah will be chief operations officer. Haystax will retain its base in McLean, Virginia. Fishtech plans to invest heavily in taking the new venture to market in the commercial enterprise space while enhancing its presence in federal, state and local government.
Haystax’s Constellation analytics platform flexes to and delivers various advanced security analytics and risk management solutions that enable rapid understanding and response to virtually any type of cyber or physical threats. Based on a patented model-driven approach that applies multiple artificial intelligence techniques, it reasons like a team of expert analysts to detect complex threats and prioritize risks in real time at scale for more effective protection of critical systems, data, facilities and people.
“The Constellation platform has proven itself to be a versatile and effective platform for insider threat, security operation center (SOC) automation, and public safety,” Fish said. “We look forward to working closely with the Haystax team to further enhance those capabilities and develop other applications for its use. Additionally, we’re pleased to gain access to the deep data science knowledge and capabilities of the talented Haystax team.”