Governance & Risk Management , GRC

Exterro Acquires Startup Divebell to Analyze Structured Data

Divebell Buy Will Help Exterro Handle Structured Data Without Big Ingestion Woes
Exterro Acquires Startup Divebell to Analyze Structured Data
Bobby Balachandran, founder and CEO, Exterro (Image: Exterro)

Exterro has purchased a data discovery startup led by a GE and Symantec veteran to help organizations detect, measure and remediate risk around structured data.

See Also: OnDemand | What You Don't Know Can Hurt You: Open Source License Compliance and M&A Activity

The Portland, Oregon-based governance, risk and compliance vendor said its buy of San Francisco-based Divebell will allow Exterro customers to analyze structured data without ingesting tons of information or putting a load on company systems, said Divebell CEO Vikram Shrowty. This will help companies quickly determine if personal data was involved in a security incident and what notification issues were triggered.

"There are all these point players on the security side, on the privacy side, on the e-discovery side, and on the digital forensics and incident response side," Exterro CEO Bobby Balachandran told Information Security Media Group. "But there isn't anybody who can provide a holistic solution - a single pane of glass to see the data risks."

Divebell's team of seven will join the more than 500 employees at Exterro in a meaningful integration expected within the next 45 days, according to Balachandran. Existing Exterro customers will be able to use Divebell to conduct dynamic data inventory, determine which systems have customer data and carry out litigation management to help legal, privacy and technology leaders manage risk, Balachandran said (see: 6 Critical Capabilities for an Application GRC Solution).

A Two-Phased Integration

The first phase of Divebell's integration into Exterro will help existing customers implement a retention policy and locate a given person's information in response to a subject rights request, Shrowty said. The next phase of the integration will focus on creating a single, unified platform that encompasses both the Divebell and Exterro technology, according to Shrowty.

"There is no network perimeter anymore. Data is everywhere," Shrowty said. "They don't know where sensitive data is, they don't know how well it is protected, and they don't know how to go about reducing the risk by protecting that data correctly or getting rid of it where it makes sense."

Identifying who has relevant information and providing an accurate view of who owns data will generate efficiencies and cost savings for existing Exterro customers, according to Exterro Chief Marketing Officer Bill Piwonka. Organizations have different requirements and needs around how they understand data based on litigation, breach response and privacy rules, and he said the Divebell integration should help.

Exterro will track customer adoption of the Divebell technology and the company's ability to handle data subject access requests as well as the overall growth of its privacy, security and e-discovery businesses, according to Balachandran. He said the CISO has become an integral partner of the general counsel for digital forensics and breach investigations, and he expects Divebell will help security leaders mitigate risk.

"This is so relevant for the CISO," Balachandran said. "All the bad actors are mostly internal."

About the Author

Michael Novinson

Michael Novinson

Managing Editor, Business, ISMG

Novinson is responsible for covering the vendor and technology landscape. Prior to joining ISMG, he spent four and a half years covering all the major cybersecurity vendors at CRN, with a focus on their programs and offerings for IT service providers. He was recognized for his breaking news coverage of the August 2019 coordinated ransomware attack against local governments in Texas as well as for his continued reporting around the SolarWinds hack in late 2020 and early 2021.

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