Mergers and acquisitions.
Atlanta, Georgia-based risk management firm LexisNexis Risk Solutions is buying San Diego-based credit and fraud risk solutions provider ID Analytics from NortonLifeLock for $375 million, CRN reports. LexisNexis Risk Solutions CEO Rick Trainor said that as a result of the acquisition, "[c]ombined with our strengths of verifying and authenticating physical and digital identities, our customers will benefit from an even more comprehensive approach to detecting and preventing fraud and managing risk."
Insight Partners is acquiring major Swiss data management company Veeam Software for $5 billion, Computing reports. The deal will see the company's headquarters move from Switzerland to the US, and the company will get a new US-based leadership team. Veeam's co-founders Andrei Baronov and Ratmir Timashev are stepping down from the board of directors and the company's current executive vice president of operations, William Largent, will become Veeam's new CEO.
Fairfax, Virginia-based ICF International will acquire Arlington, Virginia-based cloud services provider Incentive Technology Group, LLC (ITG) for $255 million. ICF's president and CEO John Wasson stated that "in addition to delivering on ITG's substantial backlog and business development pipeline, we see significant revenue synergies by combining ICF's domain expertise, robust business development platform and contract vehicles with ITG's best-in-class qualifications, performance track record, deep technology partnerships and leading platform expertise."
Israeli digital forensics firm Cellebrite has acquired San Jose, California-based computer forensics company BlackBag Technologies for $33 million, 9to5Mac reports. The acquisition will allow Cellebrite, which specializes in iOS device forensics, to expand its services to computers. Forbes notes that this may create "a one-stop-shop for the feds’ Apple hacking needs," since BlackBag has a partnership with Grayshift, one of Cellebrite's major competitors in the iPhone hacking business.
Alameda, California-based software development company Wind River has acquired Washington, DC-based embedded systems security company Star Lab for an undisclosed amount, the Valdosta Daily Times reports.
Investments and exits.
Arizona-based passwordless multi-factor authentication provider Trusona has raised $20 million in Series C funding led by Georgian Partners, with participation from Akamai and existing investors Kleiner Perkins, M12, OurCrowd, and Seven Peaks Ventures.
New Jersey-based enterprise software vendor AvePoint has received $200 million in a Series C funding round led by TPG Sixth Street Partners, TechCrunch reports. TechCrunch says AvePoint will use the investment as "liquidity for long-time investors" and "capital for company expansion."
Atlanta, Georgia-based cybersecurity awareness training company Curricula has raised $3 million in Series A funding led by RCP Equity, Hypepotamus reports. The company plans to use the funding to grow its staff from nine employees to thirty by the end of the year.
Atlanta-based pentesting and red teaming company Raxis has received a "major outside investment" from RCP Equity, the amount of which was not disclosed. Raxis will use the funding to "rapidly scale its enterprise customer sales and operations across the US and to launch a new, recurring MSP service for the channel."
Alphabet's chief legal officer David Drummond is leaving the company on January 31st in the midst of a board investigation into how the company handled claims of sexual misconduct regarding his relationships with other employees, Forbes reports. Drummond will not receive an exit package.
Cyber deception company TrapX has appointed Ori Bach as its new CEO, according to CIO Applications. Bach was previously the company's Chief Product Officer.
Data and application security company Imperva has appointed Nanhi Singh as chief customer officer and Paul J. Loftus as chief revenue officer. Singh previously served as senior vice president of Customer Retention and Renewals at Symantec’s Enterprise Business Unit, while Loftus was global chief revenue officer at 7.ai.
Enterprise data cloud company Cloudera has hired Rob Bearden as its CEO, according to the Silicon Valley Business Journal. Bearden is a board member and was formerly CEO of Hortonworks, which was merged into Cloudera last year.
Cybersecurity and cloud VAD Exclusive Networks has added Christina Banker as its new Vice President of North American Sales. Banker has previously held executive sales roles at Oracle, Veeam, Fortinet, NetApp and VMware.
Forcepoint has appointed Bjorn Engelhardt as regional manager for the Asia Pacific, ARN reports. Engelhardt was previously senior vice president of Asia Pacific and Japan at Symantec before Symantec's acquisition by Broadcom.
Breach and attack simulation provider AttackIQ has promoted Stacey Meyer to vice president of federal operations. Meyer has served as senior director of sales for federal and Mid-Atlantic for the company since 2018.
Security companies in the news.
Al-Monitor reports that Q Cyber Technologies, the parent company of Israeli spyware company NSO Group, has hired US-based lobbying firm Mercury Public Affairs to help the companies deal with allegations that NSO's spyware was used to target human rights activists, lawyers, journalists, and academics via WhatsApp.
The UK is expected to conclude that the risks posed by Huawei's 5G equipment are manageable, the Register notes. A US delegation led by Deputy National Security Adviser Matthew Pottinger on Monday presented the UK with a dossier containing undisclosed concerns about the Chinese company, but the Guardian reports that the UK's intelligence community had already taken these concerns into account.
BuzzFeed reports that US Attorney General William Barr and President Trump are criticizing Apple for refusing to develop a tool to unlock two iPhones that belonged to Lieutenant Mohammed Saeed Alshamrani, alleged to have been the shooter who killed three people at Pensacola Naval Air Station last month. Yahoo Finance notes that it's not clear why the FBI can't use its usual means of accessing iPhones, namely companies like Cellebrite and Grayshift. While the shooter fired a round into one of the phones, BuzzFeed says the FBI was able to reconstruct it. Despite this, investigators have been unable to gain access to either phone.
Haaretz wonders if Microsoft will take over the enterprise cybersecurity industry in the same way as it's positioned itself as the default antivirus provider for Windows consumers. Redmond has been making strategic acquisitions to close gaps in its security offerings, as well as dramatically improving security for its Azure cloud platform. Bringing all of these under one roof, combined with its market dominance in the enterprise sector, could soon make Microsoft the most attractive security provider on the market for many organizations.
Where business is done.
The Wall Street Journal notes that corporations outside of the technology sector are increasingly investing in tech startups.