Skyfence Networks Ltd.

Skyfence Networks Ltd. is a cybersecurity company focused on providing data security solutions utilizing artificial intelligence to protect sensitive information across various environments, ensuring compliance and risk management for organizations. Skyfence Networks Ltd. specializes in data security, founded in 2002 in Austin, US.

In February 2017, Forcepoint, a portfolio company of Vista Equity Partners, acquired Skyfence Networks Ltd. for USD 40 mn. The current CEO is Sean Berg. Forcepoint specializes in comprehensive data security solutions that leverage artificial intelligence to automate and enhance the protection of sensitive information.

Their core offerings include Forcepoint Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and Data Detection and Response (DDR), all designed to detect, classify, and mitigate data breaches in real-time. These products aim to secure data across various environments, including web and cloud applications, while providing robust monitoring capabilities that help organizations maintain compliance and risk management. Forcepoint primarily serves sectors such as financial services, healthcare, manufacturing, and the public sector, delivering its solutions to a global customer base that spans multiple geographical markets including North America, Europe, and Asia-Pacific. Forcepoint's revenue model is structured around a subscription-based framework, where clients engage with the company for ongoing access to its suite of cybersecurity products.

This transactional structure often involves multi-year agreements that provide organizations with continuous software updates and support, thus ensuring they remain protected against evolving threats. Key products, such as Forcepoint DLP and Forcepoint DDR, are sold through direct partnerships and channels to enterprise clients, emphasizing B2B engagements. Pricing plans are designed to accommodate various organizational needs, reflecting the scale and complexity of the services utilized. Through this model, Forcepoint generates revenue by offering tiered access to its advanced security features tailored to each client’s specific requirements.

Following the acquisition of Skyfence Networks Ltd. in February 2017, Forcepoint continues to focus on product enhancements and market expansion. The recent funding will support the development of new products to strengthen their cybersecurity offerings. Forcepoint is targeting increased penetration in the Asia-Pacific region and plans to introduce additional features for their data security solutions by the end of 2023.