Mergers and acquisitions.
LogMeIn, the owner of password manager LastPass, has been acquired by Francisco Partners and Evergreen Coast Capital for $4.3 billion, TechCrunch reports. Bill Wagner, LogMeIn's president and CEO, said in a statement that the company's new owners "will help put us in a position to deliver the operational benefits needed to achieve sustained growth over the long term."
Dublin-based professional services firm Accenture will acquire Chicago-based data analytics company Clarity Insights for an undisclosed sum, according to citybizlist. The purchase will incorporate nearly 350 employees into Accenture's Applied Intelligence business.
PE Hub reports that British private equity firm Apax Partners will acquire Colorado-based cyber risk management company Coalfire from The Carlyle Group and The Chertoff Group, both of which are based in Washington, DC. The terms of the deal were not disclosed. Rohan Haldea from Apax Partners said the acquisition "will assist the company in particular by increasing Coalfire's investment in technology; continuing to invest in thought leadership, especially with respect to securing cloud environments; and deepening capabilities across assurance standards while scaling its penetration testing and cyber risk services business."
Deloitte announced that the Singapore-based digital consultancy Practical Smarts has joined the Deloitte Asia Pacific Blockchain Lab, ICLG reports. Deloitte Southeast Asia’s CEO Philip Yuen said the acquisition "will complement Deloitte’s cyber and digital assurance services by securing the assets to be transferred over the network and the underlying transfer protocol."
Investments and exits.
San Francisco-based real-time data analytics company Imply has raised $30 million in a funding round led by Andreessen Horowitz’s Late Stage Venture Fund, with participation from Geodesic Capital and Khosla Ventures. Imply will used the funds to accelerate product development and expand the company.
Tel Aviv-based data protection and governance startup Satori Cyber has raised $5.25 million in seed funding from YL Ventures. The company will use the funding to improve its platform, and its Secure Data Access Cloud will be available to general customers in Q3 of 2020.
Google has hired Jeanette Manfra, the US Department of Homeland Security's former Assistant Secretary for Cybersecurity and Communications, CyberScoop reports. Manfra will join Google Cloud's security team as Global Director of Security and Compliance.
Abnormal Security has added Rami Habal as its Chief Product Officer. Habal most recently worked for Amazon Alexa, where he led product and engineering teams.
CipherLoc is hiring Ben Poernomo as its Chief Marketing Officer and promoting Ron Coby to Vice President of Corporate Development. Poernomo previously worked for Symantec Corporation's National Security Group, while Coby was CipherLoc's National Sales Director.
Fidelis Cybersecurity has appointed Chris Kubic as its new CISO. Kubic is a former CISO for the US National Security Agency.
IronNet Cybersecurity has appointed Gaurav Chhiber as Vice President of Sales for Asia/Pacific and Japan.
Security companies in the news.
Google is integrating a number of popular cybersecurity tools into Google Cloud, SiliconANGLE reports. The products include McAfee's MVISION Cloud, ForgeRock's user access management tools, Fortinet's web application firewall FortiWeb Cloud, and threat intelligence data from Palo Alto Networks and Tanium.
Google Chrome has followed the lead of Firefox and Opera by removing Avast's web extensions from its web store, Computing reports. At issue is Avast's collection of user browsing data, which it sells to third parties. Avast says the data is anonymized, but Adblock Plus creator Wladimir Palant asserts that the information "allows Avast to create a nearly precise reconstruction of your browsing behaviour: how many tabs do you have open, what websites do you visit and when, how much time do you spend reading/watching the contents, what do you click there and when do you switch to another tab." Palant believes the amount of data collected, and the fact that each customer's data is connected to a unique user ID, defeats the company's anonymization measures.
Facebook says it doesn't need to change its web tracking practices in response to the California Consumer Privacy Act (CCPA), the Wall Street Journal notes. It's not clear yet if California's attorney general will agree with Facebook's interpretation of the law, but Vox says legal experts are skeptical of the company's position.
Where business is done.
Maryland-based IronNet Cybersecurity announced a new headquarters in London, and is expanding into the EMEA market.
Cynet released its 2020 Cybersecurity Salary Survey Results, which found that security analysts in North America "get a significantly higher salary than in EMEA and APAC, with more than 80% earning between 71K and 110K in contrast to less than 35% in EMEA and 21% in APAC."
The US Air Force will hold a Shark Tank-style pitch day in March or April during which companies can win contracts on the spot, Fifth Domain reports.
Machine identity protection company Venafi announced it will sponsor three new developers through its Machine Identity Protection Development Fund. The three new developers are Device Authority, The Information Lab, and Jamf.