Agentic AI,
Encryption & Key Management,
Security Operations
Introducing Real-Time, In-Depth Cryptographic Discovery to Enhance Certificate Automation Offerings
Keyfactor has made a strategic move in the cybersecurity landscape by acquiring two startups, aiming to transition from traditional certificate management to an innovative cryptographic posture management approach, particularly in light of emerging quantum-safe standards. This initiative positions Keyfactor to lead in cryptographic discovery and remediation through enhanced endpoint inspection and real-time network visibility.
The Cleveland-based firm’s acquisitions of Toronto’s InfoSec Global and CipherInsights, located in the Washington D.C. area, are expected to significantly augment its capabilities. CEO Jordan Rackie emphasized that with these acquisitions, Keyfactor will likely become the initial vendor for customers seeking comprehensive cryptographic solutions. “Gartner has long urged vendors to broaden their focus into cryptographic posture management,” Rackie noted, highlighting the company’s intent to deepen existing customer relationships by offering a more extensive portfolio.
InfoSec Global, founded in 2009, currently employs 46 individuals and has not publicly disclosed any external funding. Led by Nagy Moustafa, who previously helmed Diversinet and CIT Global, the company specializes in deep scanning of file systems to reveal concealed cryptographic assets. In contrast, CipherInsights, part of Quantum Xchange, offers real-time monitoring of network traffic and device behavior, having recently raised $13.5 million in Series A funding.
Rackie stated that recent developments in quantum-resistant algorithms necessitate thorough cryptographic discovery and automated remediation as organizations navigate complex transitions. By integrating the strengths of both acquisitions with its existing certificate lifecycle automation tools, Keyfactor aims to provide a seamless solution that can identify and mitigate cryptographic risks effectively.
The company’s focus on delivering both real-time and deep discovery capabilities reflects a growing trend among businesses to seek comprehensive solutions without having to choose between either option. This strategy is particularly crucial as firms prepare for impending shifts toward post-quantum algorithms, where foundational visibility into current cryptographic mechanisms is vital.
Future integration activities will prioritize metadata sharing and basic interoperability within six weeks, while advanced integration is scheduled to unfold over the next year. These enhancements are projected to enable Keyfactor to evaluate the compatibility of new quantum-safe certificates with legacy systems dynamically.
As sectors such as government, telecommunications, and finance increasingly pursue cryptographic modernization under regulatory pressures, Keyfactor’s solutions provide crucial visibility across cryptographic environments. Adhering to NIST’s 2030 deadline for deprecating RSA and ECC, Shorter cautioned that many organizations are unprepared for this shift, highlighting the urgency for proactive measures.
The acquisitions are poised to broaden Keyfactor’s market appeal, enhancing customer retention while tapping into new sales opportunities. The company’s robust growth trajectory includes a reported 70% increase in business since October 2023, underscoring a solid position within the $200 million annual recurring revenue framework.
