VIDEO: Big Trends in Tech Security

Riskive CEO James Foster discusses the red-hot security sector

   

While social IPOs from the past year have been a flop — a la Facebook (NASDAQ:FB) and Groupon (NASDAQ:GRPN) — the broader tech sector has been a decent place for deals.

For one, the security sector has been a hotbed of success thanks to notable deals from Imperva (NYSE:IMPV, +108%) and Proofpoint (NASDAQ:PFPT, +40%).

No surprise, considering security software really is a must-have corporate expenditure amid growing incidence of security breaches and cyberthreats; according to DataLoss.org, such incidents hit a record in 2012.

Several startups fighting back against these issues have hit the market of late, helping to fill a void as the mega operators like Symantec (NASDAQ:SYMC) have struggled to innovate.

One interesting new player in the market is Riskive, which calls itself a “next generation cyber threat management company.” Riskive focuses on some of the emerging threat categories, such as social networks and of course, mobile.

The technology is currently in alpha, but the results already look promising. Already, more than 100 organizations are on its trial list.

I recently had a chance to talk to Riskive CEO James Foster, a well-known thought leader in the security space.

Prior to launching Riskive, Foster founded Ciphent, which he grew to 100 employees and over 1,000 customers before selling the company to Accuvant in 2010. He has published more than a dozen books on the topic, has a variety of patents to his name and has even been called up numerous times by Congress for his expert testimony.

Foster recently spoke to me in a video interview about some of the trends he’s seeing in the security space. Here’s what he had to say:

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO StrategiesAll About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/video-big-trends-in-tech-security/.

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