Forcepoint

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 for network security products,[6][7] 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][8]

In June 1999, NetPartners was renamed Websense.[9]

In March 2000, at the peak of the dot-com bubble, Websense raised $72 million in an initial public offering. The stock price doubled on its first day of trading.[10][11][12]

In 2006, former McAfee CEO Gene Hodges succeeded Carrington as chief executive officer of the company.[8] Also in 2006, Websense acquired a fingerprint security company called PortAuthority for $90 million.[13]

In October 2007, the company acquired email security vendor SurfControl for $400 million.[14][15]

In 2009, Websense 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 cybersecurity firm Websense, Inc. 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 acquired Foreground Security, a provider of security operations centers, managed security service solutions and cybersecurity professional services, for $62 million.[21]

Raytheon acquired an 80% interest in Websense in May 2015 for about $1.9 billion.[22][23][24][25]

In October 2015, the company acquired Stonesoft and Sidewinder from Intel for $389 million.[26][27] Stonesoft was a network security product previously known as "McAfee Next-Generation Firewall;"[27] Sidewinder was a firewall previously known as McAfee Firewall Enterprise.[27]

In January 2016, the three companies were combined and rebranded as "Forcepoint".[26] The new company also included Raytheon's "Cyber Products" business.[28] At the time, Forcepoint had 2,000 employees, with one-third of its customers being departments in the federal government of the United States.[28] Forcepoint became the smallest of five major businesses owned by Raytheon, but had the highest profit margin.[28] The following year, Forcepoint began shuffling executives in a re-organization effort that included some layoffs.[27] The company was divided into four business units: Cloud Security, Network Security, Data & Insider Threat Security, and Global Governments.[27]

In April 2016, Matthew Moynahan was appointed chief executive officer of Forcepoint.[29]

In February 2017, Forcepoint acquired a cloud-based access broker (CASB) security product from Imperva called Skyfence.[27]

In August 2017, Forcepoint acquired user and entity behavior analytics company RedOwl.[27][30]

In the fourth quarter of 2019, Raytheon acquired the remaining 20% of the company from Vista Ventures Partners LLC for $588 million.[1]

In October 2020, Francisco Partners announced their agreement to acquire Forcepoint from Raytheon.[31][32]

By 1997, three years after Forcepoint was founded, the company had published version 3 of its software.[34] Version 3.0 introduced the software's first graphical, web-based administrative user interface.[35] 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.[36]

In 2007 Websense introduced a product to control content a user can see on social media websites,[37] an endpoint security product,[38] a website reputation ranker,[39] and a small business version.[40] Additionally, a product was added to the Websense suite that identifies sensitive files in un-secure locations on the corporate network and looks for records of those files being transmitted.[41]

Websense introduced its first appliance product in 2009.[42]

In 2010, some products were consolidated into the Triton software, which became responsible for increasingly large portions of the company's revenue.[43] In February 2012, Forcepoint released a cloud-based suite of IT security products for smartphones, tablets, laptops, USB drives, and other mobile devices.[44] Upgrades to the suite in 2012 added the ability to identify confidential information in an image file.[45] Three new products or revisions were introduced in 2016, all focused on security risks caused by employees.[46]