At a glance.
- United Technologies and Raytheon complete merger.
- Venture capital flows into several cybersecurity companies.
- Alex Stamos joins Zoom as an outside security advisor.
- Voatz disputes reports that it was expelled from HackerOne's platform.
- Microsoft buys "corp.com."
Mergers and acquisitions.
United Technologies and Raytheon have completed their "merger of equals transaction" after United Technologies spun out its Carrier and Otis subsidiaries. The combined companies are now known as "Raytheon Technologies Corporation," and now trades on the New York Stock Exchange as "RTX." It retains Raytheon's intelligence and cybersecurity lines of business.
Accenture has acquired London-based cyber defense consultancy Context Information Security for an undisclosed amount. Accenture said 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."
Accenture also acquired Pennsylvania-based IT and OT security company Revolutionary Security for an undisclosed amount. Accenture said the purchase "will provide Accenture’s clients with greater end to end solutions, particularly regarding more complex IT and OT cybersecurity challenges."
Arizona-headquartered domain registrar GoDaddy is acquiring the domain registry business of Neustar and renaming it "GoDaddy Registry." Neustar said, "[T]he sale to GoDaddy enables Neustar to better execute on its mission of enabling trusted connections between companies and people at the moments that matter most through products and services powered by its proprietary OneID platform."
Investments and exits.
Palo Alto, California-based enterprise firewall content provider Accellion raised $120 million in a private equity round led by Bregal Sagemount. Accellion's CEO Jonathan Yaron said, "With this transaction, Accellion is well positioned to accelerate acquisitions to further consolidate the sprawl of siloed applications under the enterprise content firewall."
Belgian data intelligence company Collibra has raised $112.5 million in what TechCrunch calls "a Series F, from the looks of it." The round was led by existing investors ICONIQ Capital, Index Ventures, and new investor Durable Capital Partners LP, with participation from existing investors Battery Ventures, CapitalG, and Dawn Capital.
Tel Aviv-based SASE provider Cato Networks raised $77 million in a Series D round led by Lightspeed Venture Partners, with participation from Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Cato Networks's founder and CEO Shlomo Kramer. VentureBeat says Cato Networks plans to use the funding to "expand its sales and marketing efforts, as well as continuing to build out its own infrastructure in order to pursue deals with much larger customers."
London-based enterprise data privacy software provider Privitar has raised $80 million in a Series C round led by Warburg Pincus, with participation from Accel, Partech, IQ Capital, Salesforce Ventures, and ABN AMRO Ventures. Privitar will use the funding "to further accelerate the development of its data privacy platform, fuel continued innovation, and support key growth initiatives, with a focus on international expansion and increased hiring across sales, services, product development, and other areas of the business."
Healthcare cybersecurity company CyberMDX has secured $20 million in a Series B round led by Sham, with participation from existing investors Pitango Venture Capital and Qure Ventures. CyberMDX says it "will use the funding to boost geographic expansion and go-to-market activities. The investment will also enable the company to further expand its technology platform and research capabilities to assist hospital IT and Biomed teams in securing and managing all network connected devices."
San Francisco-based data access management company Okera has raised $15 million in a Series B round led by ClearSky Security, with participation from existing investors Bessemer Venture Partners and Felicis Ventures. The company will use the funding "to expand Okera's investment in engineering, sales, and marketing."
Alex Stamos, former CSO for Facebook and Yahoo, has agreed to serve as an outside security consultant for Zoom, ZDNet reports. Stamos explained in a blog post that "[t]o successfully scale a video-heavy platform to such a size, with no appreciable downtime and in the space of weeks, is literally unprecedented in the history of the Internet. It has been clear to many people who have worked on production-scale systems that something special has been happening at Zoom, and the related security challenges are fascinating." He concluded that "Zoom has some important work to do in core application security, cryptographic design and infrastructure security, and I’m looking forward to working with Zoom’s engineering teams on those projects."
Kudelski Security has hired Ernie Anderson as head of professional services for the Americas. Anderson previously served as an associate partner and leader of IBM’s Data and Application Security Practice for North America.
Claroty has appointed Udi Bar Sela as Chief Financial Officer and Grant Geyer as Chief Product Officer. Bar Sela most recently worked as Chief Accounting Officer at Ormat, while Geyer previously served as an Executive-in-Residence at Scale Venture Partners.
CACI International has appointed Sue Gordon to its Board of Directors, Washington Technology reports. Gordon was the US Principal Deputy Director of National Intelligence between 2017 and 2019, and spent twenty-seven years in executive roles at the CIA.
CRN reports that Forcepoint has named Bjorn Engelhardt as vice president of APAC sales, Klasie Holtzhausen as senior director of sales for ANZ, Talib Yousry as senior director of channels and alliances for APAC, and Nick Savvides as senior director of strategic business for APAC.
Security companies in the news.
Mobile voting company Voatz has challenged reports that it was expelled from HackerOne's bug bounty platform, telling SearchSecurity the decision to end the partnership was mutual. Voatz's vice president of product Hilary Braseth told the publication, "We had continued conversations with HackerOne and it was deemed mutually the right thing for both parties due to the animosity from these researchers to temporarily pause our engagement. It became too taxing for them to put up with this and for us too. It made sense for us to find an alternative and so we are building our own public bounty program." SearchSecurity sought clarification from a HackerOne spokesperson, who replied, "We're committed to respecting the privacy of all customers -- current and past -- so I can't go into too many specifics about the Voatz program at this time." HackerOne previously told CyberScoop, "After evaluating Voatz’s pattern of interactions with the research community, we decided to terminate the program on the HackerOne platform."
Microsoft bought the domain "corp.com" from Wisconsin resident Mike O'Connor for an undisclosed amount, KrebsOnSecurity reports. While the amount of the deal wasn't disclosed, Krebs notes that O'Connor was auctioning the domain at a starting price of $1.7 million. The domain is significant because older Windows systems using Active Directory on internal networks were configured by default to use "corp" as their default Active Directory path, so if one of those computers accessed the Internet from another network, the system would likely reach out to treat corp.com on the Internet as if it were its Active Directory path.
Where business is done.
Boston-headquartered Cybereason is expanding into the Middle East with an office in Dubai, which will be overseen by the company's recently hired Regional Director of the Middle East & Turkey, Tarek Kuzbari.