RSA Security is spinning off its Fraud & Risk Intelligence business into a standalone company called Outseer. Valuation information for Outseer was not disclosed.
The move surfaces less than a year after private equity firm Symphony Technology Group (STG) acquired RSA Security from Dell Technologies for more than $2 billion. Dell had acquired RSA as part of the EMC purchase of 2016.
The Outseer partner program spans solution, technology, and consulting/advisory partners. Leah Evanski is global head of business development and strategic alliances. Also, Nigel Ng is chief revenue officer.
RSA Spins Out Outseer: Fraud Prevention and More
Outseer, led by CEO Reed Taussig, offers three key tools:
- Outseer Fraud Manager (formerly RSA Adaptive Authentication), which protects customers across digital channels with risk-based account monitoring decisions;
- Outseer 3-D Secure (formerly RSA Adaptive Authentication for eCommerce), which offers digital payments authentication mapping to the latest EMV 3-D Secure standard; and
- Outseer FraudAction (formerly RSA FraudAction), which delivers detection, takedown, and data insights related to phishing sites, rogue apps, and fraudulent social media pages.
The company is also touting investments in data and science, including:
- Outseer Global Data Network, which is a global consortium of verified fraud and transaction data; and
- Outseer Risk Engine, which is an identity-centric risk graph delivering 95% fraud detection rates with an intervention rate of 5% or less, the company says.
RSA Security, meanwhile, continues to focus on integrated risk management and security products -- including Archer for risk management; NetWitness for threat detection and response; and SecureID for identity and access management (IAM) capabilities.
Outseer CEO Reed Taussig: Key Perspectives
In a prepared statement about the spin-out, Taussig said:
“Outseer is the culmination of decades of science-driven innovation in anti-fraud and payments authentication solutions,. As the digital economy continues to deepen, the Outseer mission to liberate the world from transactional fraud is essential. Our role as a revenue enabler for the global economy will only strengthen as every digital business continues to scale.
Outseer’s reason for being isn’t just focused on eliminating payments and account fraud. These fraudulent transactions are often the pretext for more sinister drug and human trafficking, terrorism, and other nefarious behavior. Outseer has the ability to help make the world a safer place.”
Outseer did not mention headcount figures in the company spin-out announcement.
