At a glance.
- Splunk acquires two companies.
- Deepwatch raises $53 million Series B.
- Axcient scoops up longtime Webroot executives.
- Google faces antitrust suit from US Justice Department.
- NSS Labs ceases operations.
Mergers and acquisitions.
San Francisco-based data monitoring and analysis company Splunk has acquired Estonian application performance monitoring company Plumbr and Atlanta, Georgia-based digital experience monitoring company Rigor. Both companies' technologies will be offered with Splunk's Observability Suite.
Belgium-based mobile application security company Guardsquare has acquired Vienna-based mobile app security testing company App-Ray. Guardsquare has also opened an office in Munich as part of the acquisition. The company stated, "With the acquisition of App-Ray, Guardsquare will deliver an enhanced and highly efficient solution for optimal mobile application protection. In the coming year, App-Ray technology will be integrated into the Guardsquare platform and incorporated into existing products including ProGuard, the open source optimizer for Java and Kotlin, and DexGuard and iXGuard, which provide protection against reverse engineering and tampering of mobile applications and SDKs."
Investments and exits.
Florida-based managed security services provider deepwatch has raised $53 million in a Series B round led by Goldman Sachs, with participation from existing investor ABS Capital Partners, according to Pulse 2.0. The company plans to use the funding to accelerate research and development of its cloud security platform, increase its go-to-market growth, and expand its partner ecosystem.
Los Angeles-based cyber intelligence company 4iQ has raised $30 Million in a Series C round led by ForgePoint Capital and Benhamou Global Ventures, with participation by C5 Capital, Adara Ventures, and TheVentureCity, FinSMEs reports. The company will use the investment "to ramp investments in go-to-market activities and accelerate innovation." 4iQ has also named Kailash Ambwani as its CEO.
San Francisco-based open-source security management company FOSSA has raised $23.2 million in a Series B round led by Bain Capital Ventures, Canvas Ventures, and Costanoa Ventures. FOSSA "also announced the launch of FOSSA Security Management and continued expansion into EMEA."
Unit21, a fraud monitoring firm also based in San Francisco, has raised $13 million in a Series A round led by A. Capital Ventures and Gradient Ventures, with participation from Core VC, South Park Commons, and individual investors, VentureBeat reports. VentureBeat says the funding "will help grow 26-employee Unit21's product and distribution-focused management teams, bolster sales and marketing efforts, and launch in new industries."
San Francisco-based security workflow platform provider Sym has raised $9 million in a Series A round led by Amplify Partners, TechCrunch reports. TechCrunch spoke with Sym's co-founder Yasyf Mohamedali, who "stressed that this was very much an opportunistic round, and for the next few months this raise won’t change anything in the company’s road map. But because Sym started signing up large customers — and had made commitments to them — now was a good time to raise, especially because the right partners came along." The company will first focus on hiring engineers, as Sym's product will be in private beta until mid-2021, but will eventually begin building its sales and marketing team.
Data visibility and monitoring firm Acceldata (headquartered in San Jose, California) has raised $8.5 million in a Series A round led by Sorenson Ventures, with participation from existing investors Lightspeed Venture Partners, Emergent Ventures, and angel investors Ashish Gupta and Girish Mathrubootham. The company will use the funding to expand its customer base and improve its product.
Axcient has hired four longtime executives from Webroot, Carbonite, and their parent company OpenText, Channelnomics reports. Charles Tomeo, formerly Webroot's Vice President of Worldwide Business Sales, will serve as Axcient's Chief Revenue Officer. Tim Sheahan, Webroot's former director of sales for North America, has been appointed as Axcient's Vice President of US Sales. Jim D’Espinosa, former Manager of Strategic Alliances and Channel for Webroot and Carbonite, will serve as Axcient's Director of OEM and Licensing. Phillip Seigenfeld, Webroot's former Manager of Channel and MSP sales in North America, has been hired as Axcient's Director of Partnerships.
Virtru has hired Dana Morris as Senior Vice President of Product and Will Peppo as Senior Vice President of Analytics and Customer Success. Morris previously spent two decades at IBM, most recently leading the development of its Watson Data Platform. Peppo previously "led the development of new data and analytics products at Emodo, Inc."
Wickr has launched a Federal Advisory Board consisting of John Carlin, Sean Corbett, Steve Grobman, Joanne Isham, Gayle Tzemach Lemmon, Meagan Metzger, Matt Olsen, Vincent Stewart, Jan Tighe, and Kiersten Todt, Help Net Security reports.
Science Applications International Corp. (SAIC) has hired Michelle Sutphin as Chief Security Officer, Intelligence Community News reports. Sutphin was previously Vice President of Corporate Security at BAE Systems.
Companies in the news.
Google yesterday became the defendant in a US Federal antitrust suit. Seeking Alpha reports that Google's corporate parent, Alphabet, saw its stock price rise. In part this may be due to investors share the view Google expressed that the suit is baseless. It's also possible investors see an impending break-up as a buying opportunity, with the company's splintering "unlocking value," as speculators say.
Quartz summarizes the hundreds of acquisitions that helped Google dominate the search and advertising market. Bloomberg notes that the Justice Department highlighted the company's deal with Apple to make Google the default search engine on Apple's Safari browser.
NSS Labs, the well-known specialist in security technology testing, has ceased operations. SecurityWeek points out that NSS has since last year been owned by private equity shop Consecutive, Inc. Some good people worked at NSS Labs, and now would be a good time to reach out to them if you're looking for cyber talent.