Mergers and acquisitions.
Deloitte has purchased Malaysia-based cybersecurity advisory company SecurePath for an undisclosed amount, according to Channel Asia. SecurePath is known for providing services to a number of well-known cybersecurity companies, including Symantec, FireEye, Veritas, NetIQ, and Splunk. Thio Tse Gan, cyber leader for Southeast Asia at Deloitte, said that "SecurePath’s capability will scale up and accelerate Deloitte’s cyber risk services, particularly enhancing our ability to offer clients expertise in data loss prevention, cyber threat defence and other cyber related services."
Santa Barbara, California-based IT performance monitoring company LogicMonitor has acquired Sweden-based Unomaly, a provider of artificial intelligence for IT operations (AIOps). LogicMonitor's CEO Kevin McGibben stated that "[t]he value of Unomaly's patented algorithms, combined with LogicMonitor's existing AIOps capabilities, will further help IT teams operating in complex infrastructure environments use AI to automatically analyze and surface anomalies. The result is that users gain the ability to proactively take action before the bottom line is negatively impacted."
VMware plans to acquire network analytics company Nyansa, which is based in Palo Alto, California. VMware's press release states that the acquisition "will enable VMware to deliver an end-to-end network visibility, monitoring and remediation solution within VMware SD-WAN by VeloCloud that can proactively predict client problems, optimize application and network performance and better assure the behavior of critical IoT devices."
Toronto-based sales performance management company Varicent Software has acquired augmented intelligence company Symon.AI. Varicent says Symon.AI's technology will provide Varicent's platform with a "full suite of data connectors, data preparation and augmented intelligence features."
Artificial intelligence firm ActZero (another outfit from Palo Alto, California) has purchased IntelliGO Networks (another outfit from Toronto) for an undisclosed amount. ActZero's press release explains that "IntelliGO will continue to operate as an independent entity, and will work with ActZero to achieve its vision of revolutionizing the Managed Security Services landscape with a unified, AI-driven security platform."
Swiss technology company Acronis has purchased Microsoft Cloud security and management provider 5nine, a Florida company, for an undisclosed amount. Acronis will incorporate 5nine's security and management tools into the Acronis Cyber Platform.
Los Angeles-based private investment firm Skyview Capital has purchased Maryland-based network security and digital forensics company Fidelis Cybersecurity. Skyview's chairman and CEO Alex Soltani said "we see an opportunity to build upon Fidelis' impressive technology and solidify its position within the IT security industry. This transaction aligns well with our investment philosophy of targeting and investing in mission critical technology businesses across a wide spectrum of verticals, from telecommunications to cybersecurity."
Apple has acquired Seattle-based artificial intelligence startup Xnor.ai for $200 million, AppleInsider reports. Xnor.ai provides low-power, edge-based artificial intelligence that can run locally on smartphones, mobile CPUs, cameras, and other small devices without relying on cloud-based computational power.
Swedish public key infrastructure provider PrimeKey has acquired Australian cryptography company Crypto Workshop. PrimeKey's CEO Magnus Svenningson said "to put it simply, this acquisition is about securing the supply chain....Further, we see possibility for tighter coordination with our enterprise and governmental customers, who can expect an improved level of support and engagement."
Investments and exits.
Israeli malware analysis firm Intezer has secured $15 million in a Series B round led by OpenView Partners, TechCrunch reports. Previous investors Intel Capital, Magma Venture Partners, Samsung NEXT, the United Services Automobile Association, and Alon Cohen also participated in the round. Intezer's CEO Itai Tevet said the funding will be used to look for ways to apply its genetic code analysis model to other areas of cybersecurity.
Open-source vulnerability detection company Snyk has raised $150 million in a funding round led by Stripes, with participation from Coatue, Tiger Global, BoldStart, Trend Forward, Amity Ventures, and Salesforce Ventures. The company is now valued at more than $1 billion. Snyk will use the funding to "accelerate product innovation, community growth and global expansion."
Canadian DevSecOps software provider Security Compass has received growth equity funding from FTV Capital. According to the company's press release, Security Compass will use the funding to "further enhance its solutions portfolio and accelerate its planned global expansion."
Redwood City, California-based data layer security company Cyral has secured $11 million in a Series A funding round led by Redpoint Ventures, with participation from A.Capital, Costanoa VC, Firebolt Ventures, SV Angel, and Trifecta Capital. The company also revealed a previously undisclosed angel investment round of $4.1 million.
AKUA, an IoT sensor data intelligence company with offices in San Francisco and Baltimore, has received an investment from Momenta Ventures. AKUA's technology allows customers to track and monitor the state of in-transit shipments.
McAfee's CEO Chris Young is stepping down and will be replaced by Peter Leav, former CEO of BMC Software. Young will become a Senior Advisor at TPG Capital, while retaining an advisory role at McAfee throughout the transition.
Advanced communications equipment provider Vislink Technologies has appointed Carleton M. Miller as its CEO and a member of the board of directors. Miller was previously co-founder, CEO, president, and board member of Blinq Technologies.
Cybereason has hired Eric Tan as sales director of Southeast Asia and Bernie Png as senior sales engineer across Asia Pacific, Channel Asia reports. Tan was previously Proofpoint's Regional Sales Director for APAC, while Png most recently worked as a Staff Solutions Engineer at VMware's Carbon Black.
Security awareness training company KnowBe4 has hired Dilshan Sivalingam as its new channel chief for Australia and New Zealand, according to CRN. Sivalingam was previously ANZ channel chief for Zscaler.
Controversial Israeli spyware firm NSO Group (or lawful intercept vendor--you may take your pick) has retained Sharon Shalom to serve as an outside consultant for global policy, Haaretz reports. Shalom is a former chief of staff at Israel's Defense Ministry.
Economy Watch reports that predictive cybersecurity company CYFIRMA "has appointed Gosuke Nakae as President of Alliance Strategy and Administration, Shuhei Igarashi as President of Business Development, Koichi Saito as Vice President of Business Development, Saurabh Lal as President of Delivery and Operations, Anna Koh as Senior Vice President of Marketing and Business Enablement, and Vinod KM as Assistant Vice President of Product Engineering."
Security companies in the news.
The Wall Street Journal reports that several hospitals in the US have non-anonymous healthcare data sharing agreements with Microsoft, IBM, and Amazon. The Journal revealed in November that Google had such an agreement with the Ascension hospital network. This type of data sharing is legal under HIPAA, although Mashable attributes it to a "massive loophole" in the privacy law.
Reuters notes that cyber insurance rates in the US are rising, in some cases by up to 25%, due to increasingly expensive ransomware attacks. These attacks have grown more targeted and damaging, allowing attackers to demand higher ransoms. The ransom payments are often covered by insurance providers, since the attackers intentionally make the ransom demand cheaper than the cost of manual recovery. Some companies, including Allianz SE, are considering making ransomware coverage a separate product in order to account for the disproportionality between ransomware costs and other types of cyber coverage.
Where business is done.
Rapid7 will expand its new Boston headquarters to accommodate four hundred more employees by the end of 2021, according to the Boston Business Journal.