Forcepoint

NetPartners

The company was founded in 1994 as NetPartners in Sorrento Valley, San Diego by Phil Trubey.[3][4][5][6] The company began as a reseller of network security products,[6][7] and then developed software for controlling Internet use by employees.[4]

In 1998, NetPartners raised $6 million in venture capital funding and had $6 million in annual revenue.[4] Later that year, investors pushed Trubey out of the CEO position and appointed John Carrington as his replacement.[4]

Websense

In June 1999, NetPartners was renamed Websense.[8]

In March 2000, at the peak of the dot-com bubble, it raised $72 million in an initial public offering. The stock price doubled on its first day of trading.[9][10][11]

In 2006, former McAfee CEO Gene Hodges succeeded Carrington as chief executive officer of the company.[12]

In 2006, Websense acquired a fingerprint security company, PortAuthority. for $90 million.[13] In October 2007, it acquired email security vendor SurfControl for $400 million.[14][15] In 2009, it acquired Defensio, a spam and malware company focused on social media.[16]

By 2009, Websense had 1,400 employees, with offices in England, China, Australia, and Israel.[17] In 2011, Facebook deployed Websense to check every link users shared on the site.[5][18]

In 2013, Vista Equity Partners acquired the company for $906 million.[5] Websense headquarters were moved to San Diego that year[3] and to Austin, Texas in 2014.[6] In 2015, Raytheon acquired the firm from Vista Equity Partners for $1.9 billion[19] and combined it with RCP, formerly part of its IIS segment, to form Raytheon|Websense.[20] In October 2015, Raytheon added Foreground Security for $62 million.[21]

Forcepoint

Raytheon acquired an 80% interest in Websense in May 2015 for about $1.9 billion.[22][23][24] In October 2015, the company acquired two subsidiaries of Intel, Stonesoft and Sidewinder, for $389 million.[25] Stonesoft was a network security product previously known as "McAfee Next-Generation Firewall;" Sidewinder was a firewall previously known as McAfee Firewall Enterprise.

In January 2016, Websense, along with the two subsidiaries Stonesoft and Sidewinder, were merged and rebranded as Forcepoint. Raytheon's "Cyber Products" business was also merged into the new brand.[25] At the time, Forcepoint had 2,000 employees, with one-third of its customers being departments in the federal government of the United States.[26] Forcepoint was the smallest of five major businesses owned by Raytheon, but had the highest profit margin.[26] The following year, Forcepoint began shuffling executives in a re-organization effort that included some layoffs. The company was divided into four business units: Cloud Security, Network Security, Data & Insider Threat Security, and Global Governments.

In April 2016, Matthew Moynahan was appointed chief executive officer of Forcepoint.[27] In February 2017, Forcepoint acquired a cloud-based access broker (CASB) security product from Imperva called Skyfence. In August 2017, it acquired user and entity behavior analytics company RedOwl.[28][29] In the fourth quarter of 2019, Raytheon acquired the remaining 20% of the company from Vista Ventures Partners LLC for $588 million.[30]

In October 2020, Francisco Partners announced their agreement to acquire Forcepoint from Raytheon successor RTX Corporation.[31][32] The transaction was completed in January 2021.[33]

In July 2023, Francisco Partners agreed to divest the government cybersecurity business of Forcepoint to buyout firm TPG Inc. for $2.45 billion, as the company intends to focus on its commercial business.[34] In late January 2024, Forcepoint Federal was rebranded as Everfox.[35]

Version history

By 1997, three years after Forcepoint was founded, the company had published version 3 of its software.[36] Version 3.0 introduced the software's first graphical, web-based administrative user interface.[37] At the time, Forcepoint's software was only used to prevent employees from viewing certain types of content at work, but in 2006 features were added to detect when employees were attempting to visit websites suspected of hosting malicious code.[38]

In 2007 Websense introduced a product to control the content a user could see on social media websites,[39] an endpoint security product,[40] a website reputation ranker,[41] and a small business version.[42] Additionally, a product was added to the Websense suite claimed to identify sensitive files in un-secure locations on the corporate network and looks for records of those files being transmitted.[43]

Available filtering categories on Websense included "Professional and Worker Organizations" (such as trade unions), "Sites sponsored by or providing information about political parties and interest groups" (such as civil rights organisations), "Gay or Lesbian or Bisexual Interest", "Sex education", "Sites that provide information about or promote religions not specified in Traditional Religions", and "Sports".[44] A 2008 study on the use of Websense within the Technical Colleges of Georgia found that only two categories were blocked in all of the colleges surveyed, and that 39 categories out of the 43 listed were blocked by some, but not all, colleges, with numbers ranging from two colleges blocking a given category to 23 out of the 24 responents.[45] In a 2005, report the Rhode Island branch of the American Civil Liberties Union called Websense a deeply flawed technology. It further noted that, although the blocking technology had improved over the years since 2002, it still remained a "blunt instrument" and that in public libraries equipped with Websense people of all ages were "still denied access to a wide range of legitimate material."[46]

Websense introduced its first appliance product in 2009.[47]

In 2010, some products were consolidated into the Triton software, which became responsible for increasingly large portions of the company's revenue.[48] In February 2012, Forcepoint released a cloud-based suite of IT security products for smartphones, tablets, laptops, USB drives, and other mobile devices.[49] Upgrades to the suite in 2012 added the ability to identify confidential information in an image file.[50] Three new products or revisions were introduced in 2016, all focused on security risks caused by employees.[51]