Toronto Stock Exchange-listed Magnet Forensics, which is a developer of digital investigation solutions for more than 4,000 enterprises and public safety organisations in over 100 countries, has acquired the strategic IP assets of UAE-based Comae Technologies, a cybersecurity firm that specialises in incident response and memory analysis.
As part of the acquisition, Comae founder Matt Suiche will lead a memory analysis and incident response research and development team at Magnet Forensics, where he will further develop a memory analysis platform and integrate the technology into the company’s existing solutions. Suiche’s team at Comae will also work closely with Magnet Forensics.
“Memory analysis plays a critical role in incident response investigations because it allows enterprises and public safety agencies to recover buried evidence and understand what happened on devices involved in cyber incidents,” said Adam Belsher, the chief executive officer of Magnet Forensics.
“Very few organisations have the expertise and knowledge to develop memory analysis solutions. With Comae’s platform and the help of its memory analysis experts, Magnet Forensics can address a growing need for our customers while continuing to build on our comprehensive digital investigation platforms.”
Comae is a UAE-based cybersecurity company that specialises in cloud-based memory analysis used to recover evidence from the volatile memory of devices.
The acquisition will allow Magnet Forensics to accelerate the development of the memory analysis platform within the Magnet Idea Lab, an incubator made up of hundreds of investigators and analysts from leading police agencies and enterprises.
“Magnet Forensics is widely recognised in the digital forensics and incident response industry for its innovative solutions, which are proving to be increasingly pivotal in protecting public safety, and the leading talent developing them,” said Suiche, Magnet Forensics’ director for the memory and incident response research and development.
“My team and I are thrilled to be continuing our work alongside the team at Magnet Forensics, where the incident response technology can help protect thousands of enterprises and communities from cybercrime.”
Enterprises and police agencies are both looking to use memory analysis to respond to increases in the volume and complexity of cyber incidents.
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