RedOwl, a Baltimore-based cybersecurity analytics startup, has been acquired by a Raytheon-owned firm in a deal that investors and business leaders say proves the region’s value as fertile ground for growing companies that can compete with the likes of Silicon Valley.
Under the deal, RedOwl’s technology and staff of about 60 are being absorbed by Forcepoint, a company based in Austin, Texas, that specializes in content security and data protection.
Financial terms of the deal were not disclosed.
RedOwl CEO Guy Filippelli said the acquisition allows the company to bolster its offerings to customers and grow at a faster pace.
Forcepoint plans to retain RedOwl’s...