At a glance.
- HMD Global begins its transition into the software and security market.
- YL Ventures expands its Venture Advisory Board.
- Palantir confidentially files for an IPO.
- Tech companies temporarily cease processing requests from Hong Kong government.
- LORCA announces participants in its cyber accelerator.
Mergers and acquisitions.
Finnish mobile phone company HMD Global has acquired mobile cybersecurity software firm Valona Labs (also based in Finland) for an undisclosed amount. The Times of India says the acquisition "forms the foundation of [HMD Global's] new Centre of Excellence in Tampere, Finland." According to Bizcommunity, this Centre of Excellence will be an R&D unit which "will specialise in software, security and services, propelling HMD Global’s transition from a purely hardware business, to a combined hardware and services company, diversifying its intellectual property and differentiating its unique go-to-market offering." Valona Labs's former Head of Unit Ari Heikkinen will lead the Centre of Excellence.
US-based private equity firm Thoma Bravo has acquired Virginia-based secure collaboration communications provider Exostar for an undisclosed amount. Carl Press, a Principal at Thoma Bravo, stated, "Exostar is well-positioned for its next phase of growth with an innovative and unique product suite aimed at expanding secure collaboration capabilities within blue-chip enterprises in highly-regulated industries. Working closely with Exostar management, Thoma Bravo can provide the operational and financial resources needed to help the company accelerate growth and further develop its suite of security solutions. Our expertise in enterprise software and cybersecurity, combined with Exostar's experience in servicing organizations in complex industries, can also help the company target new customers across the aerospace and defense, life sciences and healthcare industries."
VMware has agreed to acquire the True Visibility Suite business unit of Blue Medora, a Michigan-headquartered IT monitoring company. The company stated, "VMware has been both a partner of Blue Medora and a reseller of their products for years. VMware vRealize Operations has extended its reach to a growing number of applications, middleware software, clouds and hardware servers, storage devices, and more, with the help of the partnership with Blue Medora. After close, we expect customers will benefit from the addition of the True Visibility Suite team and products to VMware. We anticipate that the integration of the teams and increased integration between VMware vRealize Operations and the True Visibility Suite will lead to richer capabilities for customers to further optimize their packaged applications and infrastructure. Customers will be able to turn directly to VMware for their vRealize Operations and True Visibility Suite product, support and sales needs."
Belgium-based quality assurance and cybersecurity firm Eurofins Digital Testing has acquired Scotland-based information assurance company Commissum. Eurofins stated, "the acquisition of Commissum will help Eurofins Digital Testing to strengthen its position in the European marketplace with an increased presence in the UK and accelerate growth in the North American and APAC marketplaces. Commissum is a highly respected name in compliance testing and accreditation, and Eurofins will capitalise on this to meet increasing demand from markets worldwide."
Investments and exits.
Palantir released a terse statement announcing that it had confidentially filed for an IPO with the US Securities and Exchange Commission, TechCrunch reports. The company didn't reveal any other information. TechCrunch explains, "Confidential IPO filings allow companies to bypass the traditional IPO filing mechanisms that give insights into their inner workings such as financial figures and potential risks. Instead, Palantir can explore the early stages of setting itself up for a public listing without the public scrutiny that comes with the process."
YL Ventures has added a number of cybersecurity executives to its Venture Advisory Board, including "Edna Conway, VP & GM, Global Security, Risk & Compliance, Azure at Microsoft; Ricardo Lafosse, CISO at The Kraft Heinz Company; Stan Lowe, Global CISO at Zscaler; Patricia Titus, Chief Privacy & Information Security Officer at Markel Corporation, Elwin Wong, Group VP & CISO at Ross Stores, and other executives hailing from HPE, Optiv, GSK, HashiCorp, Atlassian, Burberry, Campbell Soup Company, the NHL, Nielsen and more."
Parsons Corporation has hired Michael McKloskey as Vice President of Business Development for the Cyber and Intelligence market. McKloskey most recently served as Booz Allen Hamilton's Strategic Business Development Lead of Cyber.
Kasada has added three new members to its advisory board: "Benjamin Vaughn, Vice President and Chief Information Security Officer at Hyatt, Sabrina Horn, author, thought leader and market strategist for the technology industry, and Arnold Blinn, recently Chief Architect at GoDaddy and now Chief Technology Officer at LegalShield."
Deloitte has hired Dwayn Lythgo to the newly created role of Managing Director of the company's Asia-Pacific Cybersphere, CRN reports. Lythgo most recently worked as NTT Security's APAC Vice President of Operations.
Security companies in the news.
Google, Facebook, and Twitter have temporarily ceased complying with Hong Kong government requests for user data as the companies decide how to deal with China's new National Security Law, the New York Times reports. TikTok announced that it will be ceasing operations in Hong Kong entirely.
And security innovation.
The London Office for Rapid Cybersecurity Advancement (LORCA) has announced the seventeen startups chosen to participate in its fifth cyber accelerator. Thirteen of the companies are headquartered in the UK, while four are based overseas and want to expand into the UK market. The UK-based companies are threat intelligence firm AdvSTAR, security monitoring and automation provider BlockAPT, online cybersecurity education platform Capslock, intrusion detection technology firm CyberHive, cyber insurance assessment and risk management company InsurTechnix, single-step multi-factor authentication company MIRACL, mobile and embedded device security firm Nanotego, attack surface management company RedHunt Labs, digital behavior intelligence firm The CyberFish, privacy-focused identity management company Truststamp, bot-traffic management provider VerifiedWhiteList, airline-industry identity management company Zamna, and threat intelligence platform provider ZeroGuard. The four international companies are Israel-based data protection firms ITsMine and ContextSpace Solutions, Netherlands-based pentesting-as-a-service firm BreachLock, and Argentina-based fraud prevention and identity protection company VU Security.