London, UK (17 May 2018) KX, a division of First Derivatives plc, today announces that cybersecurity specialist Red Sift has selected its KX technology to power its cyber attack prevention offering. This partnership agreement gives Red Sift powerful new tools for building innovative products on top of its cloud-based developer platform.
Red Sift provides a cloud-based platform that plugs into various data sources, including email, social media, IoT and analytics platform data, to detect cybersecurity risks and provide actionable insights. The company uses AI technologies to securely collate, compute and visualize data from thousands of individual signals to help organizations optimize their cybersecurity.
Red Sift has selected KX ahead of traditional database solutions and open source alternatives because of its proven reliability, compact footprint and powerful data analytics — which makes it ideal for fast-moving cybersecurity challenges. KX’s proven scalability and stability will enhance Red Sift’s cybersecurity platform, which is designed for building products to make the cyber world a safer place.
According to Orbis Research, the global cybersecurity market is expected to reach $18.5 billion by 2026. Utilizing KX technology, Red Sift is addressing this market with an optimized defense platform as part of its mission to democratize access to cybersecurity tools.
Rahul Powar, Chief Executive Officer of Red Sift, commented: “At Red Sift, we believe the answer to stopping the rise of cyber attacks is through computers, not consultants. The power of KX allows us to unlock the vast amounts of cyber attack data in real time and turn it into active protection.”
Brian Conlon, Chief Executive Officer of KX, commented: “Red Sift is an innovative and forward-thinking cybersecurity company and we are delighted to be working with the Red Sift team. This pioneering agreement further demonstrates the flexibility of our horizontal technology which is being used across many industries such as manufacturing, capital markets, automotive and telecommunications – which of course are all touched by the demands of cybersecurity.”
About KX and FD
KX is a division of FD, a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions. KX technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. KX delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. The Group operates from 14 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,000 people worldwide.
About Red Sift
Red Sift provides a data analysis platform that is purpose-built for the challenges of cybersecurity. By harnessing the power of AI it securely collates, computes and visualizes data from thousands of individual signals to help organizations optimize their cybersecurity. The first product on the Red Sift platform is OnDMARC, a SaaS product that helps organizations to implement and maintain phishing protection. Red Sift currently has more than 60 commercial clients, with hundreds more start-ups and personal users using OnDMARC free of charge as part of the company’s mission to democratize access to cybersecurity tools.