At a glance.
- IBM will spin off IT infrastructure business.
- Unqork closes $207 million Series C round.
- Cellebrite ceases business in China and Hong Kong, citing US restrictions.
Mergers and acquisitions.
IBM is spinning off its legacy IT infrastructure business as a new public company (provisionally being called "NewCo" for convenience, but it will receive a proper name at the right time) which will have 90,000 employees, the BBC reports. The spin-off is expected to be completed by the end of 2021. IBM will concentrate on its hybrid cloud platform, stating, "With tighter integration and focus on its open hybrid cloud and AI solutions, IBM will move from a company with more than half of its revenues in services to one with a majority in high-value cloud software and solutions." IBM's Executive Chairman Ginni Rometty said, "As two independent companies, IBM and NewCo will capitalize on their respective strengths. IBM will accelerate clients' digital transformation journeys, and NewCo will accelerate clients' infrastructure modernization efforts."
Switzerland- and Ohio-headquartered backup and disaster recovery firm Veeam has acquired Kubernetes backup firm Kasten for $150 million. The company stated, "While the Kasten K10 platform will continue to be available independently, it will also be integrated into Veeam Backup & Replication™ to offer a comprehensive data management solution."
French IT services and consulting provider Atos has completed its acquisition of Virginia-based managed security services firm Paladion. The acquisition gives Atos eight-hundred Paladion employees, as well as "4 additional Security Operations Centers (SOC) in the US, the Middle East and India." Atos will also integrate Paladion's AI platform into the company's SOC offering.
Investments and exits.
New York-based Unqork, a "no-code" application development platform provider, has raised $207 million in a Series C round led by funds and accounts managed by BlackRock, along with Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors, and Sunley House Capital Management (Advent International's public equity subsidiary). Existing investors CapitalG, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth, and World Innovation Lab (WiL) also participated in the round. Unqork says it will use the funding to expand its global sales force, improve its technology, and expand training and go-to-market partnerships.
Israeli DevSecOps platform provider apiiro has emerged from stealth with $35 million in Series A funding from Ted Schlein, General Partner at Kleiner Perkins, and Saam Motamedi and Asheem Chandna, General Partners at Greylock. Forbes says the company will use the funding to accelerate sales and marketing.
Israeli deception technology provider Illusive Networks has raised $24 million in a Series B round led by Spring Lake Equity Partners, with participation from Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, and Citi, CTech reports. According to VentureBeat, Illusive will use the funding "to accelerate its next phase of growth, driven by a go-to-market strategy that focuses on sales and marketing expansion, with an emphasis on product enhancements for securing cloud workloads."
Pleasanton, California-based cloud security and resilience firm Accurics announced that it's raised $20 million across a seed round and a Series A round in the past six months. The seed round was led by ClearSky, while the Series A was led by Intel Capital. The company says the investment "will support Accurics’ market momentum and help the company continue to develop technology that self-heals cloud native infrastructure by codifying security throughout the development lifecycle."
Israeli enterprise asset mapping and security monitoring startup Cyberpion has emerged from stealth with $8.25 million in seed funding from Team8 Capital and Hyperwise Ventures. Cyberpion will use the funding "to boost its sales and marketing efforts, while expanding and accelerating product development of its Ecosystem Security™ platform."
Seattle-based cloud compliance software provider Shujinko has raised $7.5 million in a Series A round led by Unusual Ventures, with participation from Defy and angel investors. The company will use the funding "to accelerate hiring, product development, and go-to-market for its complete cloud compliance solution."
Israeli cloud security startup Solvo has raised $3 million in a seed funding round from from TLV Partners and Surround Ventures, TechCrunch reports. The company will use the funding "to build out the team and product."
Enterprise mobile security shop Zimperium has won a contract fro the US Defense Information Systems Agency (DISA). DISA selected Dallas, Texas-based Zimperium’s Mobile Threat Defense "to deliver comprehensive Mobile Endpoint Protection (MEP) to their unclassified mobile offerings."
IBM has appointed Terry Halvorsen as General Manager of Client and Solutions Development for the company's Federal & Public Sector Market organization, Washington Technology reports. Halvorsen is a former Chief Information Officer for the US Department of Defense and the US Navy, and most recently served as Samsung's CIO and Executive Vice President for IT and Mobile.
Ermetic has announced the formation of an advisory board consisting of Elie AbenMoha, Chief IT Security Officer for Publicis Groupe, Gerhard Eschelbeck, former Vice President Security and Privacy Engineering at Google, Adrian Ludwig, CISO for Atlassian, and Travis McPeak, Security Engineering Manager for Netflix.
Sidley has added Sujit Raman, former Associate Deputy Attorney General at the US Department of Justice, as a partner at its Privacy and Cybersecurity practice group in the firm's Washington, DC office.
Huawei has named Aloysius Cheang as its first Chief Security Officer for the United Arab Emirates, Gulf Business reports. Cheang most recently served as the co-founder and managing director for Cloud Security Alliance (CSA) in the APAC region.
Where business is done.
Israeli digital forensics firm Cellebrite, best known for its ability to gain access to locked iPhones, announced that it will no longer do business with customers in Hong Kong and China, in accordance with new US regulations.