Flare Enhances Threat Exposure Management with Foretrace Acquisition

Flare, a leading Threat Exposure Management company, announced the strategic acquisition of U.S.-based data exposure firm Foretrace, known for its cutting-edge Total ReconTM detection engine and skilled team. This acquisition is pivotal for Flare which has reported significant growth and aims to bolster its capabilities in managing emergent threats.

The Montreal-based Flare, since its inception in 2017, celebrated considerable growth in 2023 and views this acquisition, one of the first in the Threat Exposure Management (TEM) sector, as a step forward in addressing the increasing volume and complexity of external threats facing organizations today. This move is part of Flare's commitment to innovation and assisting businesses in navigating the threat landscape more effectively.

Foretrace's technology stands to enhance Flare’s existing platform by improving threat data contextualization and correlation, leveraging generative AI systems. The integration promises enhanced outcomes for customers developing TEM programs. Additionally, Foretrace's founders, Nick Ascoli and Matt Mosley, will join Flare, contributing their extensive cybersecurity expertise to the company.

Both companies express enthusiasm for the merger, highlighting a shared vision for advancing threat exposure management. The collaboration is expected to set new industry standards and deliver greater value to customers by combining their innovative technologies and expertise.