STG acquired a 70% stake in RedSeal for $70m.

Private equity firm Symphony Technology Group acquired a 70% stake in RedSeal, which provides a cybersecurity analytics solution to Global 2000 organizations and governments that helps maximize their digital resilience, for $70m. With the new investment by STG, RedSeal said it has raised $142m to date. “We have found a growth partner in STG,” said Ray Rothrock, chairman and CEO of RedSeal. “They are aligned with our digital resilience strategy, and the enormous value that understanding your cyber terrain has on driving down your cybersecurity risks and exposure. STG’s collaboration and investment will help us further strengthen our position in the industry, expand and pursue growth opportunities, and drive increasing value to our customers.”