At a glance.
- Jack Dorsey will retain position as Twitter CEO.
- Two RSA attendees have been diagnosed with COVID-19.
- CIA's In-Q-Tel funds potential Huawei competitors.
Mergers and acquisitions.
Minnesota-based IT software company HelpSystems has acquired Washington, DC-based Strategic Cyber LLC and its flagship penetration testing software Cobalt Strike. Strategic Cyber's founder Raphael Mudge stated in a blog post, "Today is a big step forward as Minnesota-based HelpSystems, LLC has acquired Strategic Cyber. I have joined HelpSystems as a Technical Director for Cybersecurity. I will lead the team that continues the R&D-driven releases of the Cobalt Strike product. The Cobalt Strike product and business operations of Strategic Cyber will benefit from the experience and resources at HelpSystems."
Seattle-based network security vendor WatchGuard Technologies will acquire Madrid-based endpoint protection company Panda Security. WatchGuard's CEO Prakash Panjwani stated, "In the short term, the acquisition of Panda Security makes best-in-class endpoint detection and response, threat hunting, endpoint AV, email security, patching, and data compliance and encryption accessible to our customer base through a trusted vendor and their IT solution provider of choice. Longer term, our customers and partners will enjoy the additional benefits that come from these solutions being tightly integrated with the core WatchGuard offering."
Professional services firm Accenture has purchased UK-based cyber defense consultancy Context Information Security from Babcock International Group for an undisclosed amount. According to Accenture's press release, the acquisition "strengthens Accenture Security’s existing portfolio and becomes part of Accenture’s cyber defense offerings. The addition of Context’s more than 250 employees will further deepen Accenture Security’s services to clients."
Investments and exits.
Sunnyvale, California-based SOC-as-a-service company Arctic Wolf has raised $60 million in a Series D funding round led by Blue Cloud Ventures and Stereo Capital, with participation from other investors, including Delta-v Capital and NextEquity Partners. Arctic Wolf's CEO Brian NeSmith told Crunchbase News that the funding will be used to "build a war chest" for the future.
Santa Clara, California-based network-level security company Ordr has received additional Series B funding from Mayo Clinic and Kaiser Permanente. The company didn't disclose the exact amount of the new funding, but said it has "now raised approximately $50 million."
Virginia-based software security company RunSafe Security has secured $3.5 million in a Series A funding round led by Lockheed Martin Ventures and NextGen Venture Partners. Chris Moran, Lockheed Martin Ventures's vice president and general manager, stated "Our investment in RunSafe underscores our focus on mitigating evolving cyber threats that the defense industry faces. We look forward to working with RunSafe to assist in our effort to protect mission-critical systems our customers rely on."
Twitter and activist investor firm Elliott Management have reached a truce that will see Jack Dorsey retain his position as Twitter's CEO, the Wall Street Journal reports. Twitter has agreed to appoint two new board members and will seek out a new independent director.
Code Dx has added John N. Stewart to its Board of Directors. Stewart was previously Chief Security and Trust Officer at Cisco Systems. He announced last week that he was stepping away from Cisco after seventeen years.
Anchin, Block & Anchin has appointed Tab Bradshaw as Chief Operating Officer of the firm's cybersecurity practice, Redpoint Cybersecurity. Bradshaw was previously Principal of Cyber Security at Booz Allen Hamilton.
BlackBerry has hired Marjorie Dickman as its first Chief Government Affairs and Public Policy Officer. Dickman most recently worked at Intel Corporation as Global Director and Associate General Counsel for IoT and Automated Driving Policy.
Horangi Cyber Security has hired Jim Rouse as Vice President of Cyber Operations, the Business Times reports. Rouse was previously Chief Information Security Officer at the Gemini cryptocurrency exchange.
Security companies in the news.
Bloomberg reported Monday that two employees of Forest City, California-based SIEM provider Exabeam were diagnosed with COVID-19. Both employees attended RSAC 2020 and may have been at Exabeam's booth. Exabeam stated that "while we cannot confirm whether they contracted COVID-19 prior to, at or after the conference, if you came into contact with our staff, please be vigilant in monitoring yourself for symptoms and follow recommended guidelines to prevent possible infection."
While Exabeam is based in California, one of the patients, a 45-year-old male with underlying health conditions, lives in Connecticut. This individual began experiencing symptoms on February 28th and was hospitalized on March 6th. He is now on a ventilator in a medically induced coma. CNET notes that this case appears to align with the governor of Connecticut's announcement of the state's first positive case, which states that the patient "most likely became infected with the virus that causes COVID-19 during a recent trip to California." RSA stressed in an email to all conference attendees that "To date, no official governing body has communicated with RSA Conference that these individuals had symptoms at the RSA Conference event or attended during the COVID-19 incubation period. We are in contact with the relevant health authorities to provide them with the necessary information to complete their investigation and are following their guidance on how to proceed."
Techmeme has a list of conferences that have been cancelled or postponed due to coronavirus concerns.
The CIA's venture capital firm In-Q-Tel has been investing in 5G technology for seven years, the Washington Times reports. In-Q-Tel's president and CEO Christopher Darby told Congress last month that the firm had settled on New Hampshire-based telecommunications service provider Parallel Wireless as a useful component in the government's strategy to combat Huawei's market dominance.