Private equity firm Symphony Technology Group (STG) has announced the launch of Skyhigh Security, a new portfolio firm focused on offering cybersecurity for the cloud to small and large businesses.
Earlier this year, the firm announced its decision to split McAffee Enterprise into two organisations: Trellix and Skyhigh security. At the time, it was revealed that Trellix was to focus on delivering XDR, while Skyhigh would become a portfolio company focused on SSE.
“Skyhigh Security has emerged as a dedicated cloud security company that is laser-focused on propelling businesses forward with a comprehensive and converged approach to data security,” said William Chisholm, managing partner, STG. “We’re committed to investing in this business, which is in one of the most important markets in security, SSE.”
Gee Rittenhouse, who previously led Cisco’s cyber security business, will head the SSE business by serving as CEO, bringing deep cloud security expertise.
“With the majority of data in the cloud and users accessing it from everywhere, a new approach to security is needed,” added Rittenhouse. “Skyhigh Security has created a comprehensive security platform to secure both data access and data use via unified policies and data awareness.”
Skyhigh's SEE offering includes Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), Zero Trust Network Access (ZTNA), Cloud Data Loss Prevention (DLP) and Remote Browser Isolation technology among other products.
