At a glance.
- AvePoint merges with Apex.
- FireEye acquires Respond Software.
- Forter reaches unicorn status with $150 million in Series E funding.
Mergers and acquisitions.
Switzerland-headquartered backup software provider Acronis has acquired Israeli cybersecurity consultancy CyberLynx. Acronis stated that it “will integrate CyberLynx’s services into its suite of Acronis Security Services, expanding the training and solutions available to increase an organization’s security posture.”
New Jersey-based Microsoft 365 data management and protection company AvePoint is merging with Apex Technology Acquisition Corporation, valuing the combined company at approximately $2 billion. AvePoint stated, “Upon closing the transaction, it is expected that the combined company will be named AvePoint and will remain a publicly traded company listed on the Nasdaq Stock Market under a new ticker symbol, ‘AVPT.’ The combined company will be led by Dr. Tianyi Jiang, AvePoint’s co-founder and CEO, and AvePoint co-founder Kai Gong will serve as Executive Chairman.”
Milpitas, California-headquartered FireEye has acquired Mountain View, California-based extended detection and response provider Respond Software for approximately $186 million in cash and stock. FireEye stated, "The acquisition of Respond Software opens new market opportunities to deliver eXtended Detection and Response (XDR) capabilities to a broad set of customers. Additionally, it enables Mandiant® Solutions to further productize and scale its expertise and front-line intelligence as part of the Mandiant Advantage platform."
Jacobs has acquired Reston, Virginia-based cyber intelligence firm The Buffalo Group. Jacobs’s Chair and CEO Steve Demetriou stated, “Under the leadership of Caesar Nieves as head of our new Cyber and Intelligence business, the combination of Jacobs and The Buffalo Group will provide additional opportunities across the Intelligence Community, Combatant Commands and the U.S. Army.”
San Francisco-headquartered data analysis platform provider Splunk has signed a definitive agreement to acquire Palo Alto-based cloud network monitoring firm Flowmill. Splunk says the acquisition “further expands its existing observability capabilities, giving customers the ability to ingest, analyze and take action on additional cloud network and infrastructure data to quickly resolve network-related issues, optimize network performance and reduce network costs.”
New York-based traffic load balancing provider Kemp Technologies has acquired Czech network monitoring and security firm Flowmon Networks. Kemp’s CEO Ray Downes stated, “The expansion of Kemp's portfolio to include Flowmon’s solutions will provide customers the ideal combination of network analysis, preemptive threat detection and workload delivery for optimal, uninterrupted user and application experience.”
San Francisco-based cloud data protection firm Druva has acquired Houston, Texas-based Salesforce data migration solution provider sfApex. Druva stated, "In addition to enhanced backup and recovery for Salesforce data, customers will benefit from data protection and governance support for Salesforce sandboxes, and the ability to more effectively manage CRM data, reducing risk to production environments."
Investments and exits.
FireEye announced a $400 million strategic investment led by Blackstone Tactical Opportunities, with ClearSky joining as a co-investor. FireEye says it “intends to use the proceeds to support strategic growth initiatives, including the acquisition of Respond Software announced today [November 19], as well as increased investment to accelerate the growth of the company’s cloud, platform and managed services portfolio.”
New York-headquartered e-commerce fraud prevention company Forter has raised $150 million in a Series E round, bringing its valuation to $1.3 billion. The round was led by Bessemer Venture Partners, Felix Capital, and Itai Tsiddon, with participation from Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners, and Commerce Ventures. Forter’s CEO and co-founder Michael Reitblat stated, “This year we have doubled our team across eight global offices, doubled our revenue and enjoyed our first cash flow positive quarter. The market traction we have experienced allows us to invest even more into our platform and drive more significant impact for our customers and partners. We will remain an independent company as we continue to grow our footprint across the commerce ecosystem.”
New York-based cryptocurrency regulation and investigation firm Chainalysis has raised $100 million in a Series C round led by Addition, with participation from existing investors Accel, Benchmark, and Ribbit. The company stated, “This capital will be used to further support the international expansion of Chainalysis's network of government agencies, financial institutions, and other private sector businesses that relies on Chainalysis's data platform and software solutions for transparency into cryptocurrency transactions and markets.”
San Francisco-based email security company Abnormal Security has raised $50 million in a Series B round led by Menlo Ventures, with participation from existing investor Greylock Partners. The company's CEO and co-founder Evan Reiser stated, "This funding allows us to double down on this technology and our team and deliver immediate and lasting value to our customers."
Milpitas, California-based cloud-native workload protection firm Deepfence has raised $9.5 million in a Series A round led by AllegisCyber, with participation from Sonae IM and existing investor Chiratae Ventures, VentureBeat reports.
San Diego-based developer-focused security startup Ubiq Security has raised $6.4 million in a seed round led by Okapi Venture Capital, with participation from TenOneTen Ventures, Cove Fund, DLA Piper Venture, Volta Global, and Alexandria Venture Investments. Ubiq says it "will use the funds to accelerate platform development, developer relations, and customer acquisition."
Symantec’s Senior Vice President and General Manager Art Gilliland has left the company, CRN reports. The company’s Enterprise Division Chief Marketing Officer Karen Buffo stated, “After a year with Broadcom and the successful integration of the Symantec Enterprise Security business, Art Gilliland has left to pursue other opportunities. We thank him for his contributions and wish him well.”
Privitar has hired Jessi Marcoff as Chief People Officer and Nicky Brocklehurst as VP of People. Marcoff most recently served as Chief People Officer at Brandwatch, and Brocklehurst previously consulted for chat commerce startup Threads Styling.
Deloitte has promoted Matt Gentile to lead its Government & Public Services Advisory practice, ExecutiveGov reports. Gentile previously served as the Lead Client Service Partner for Deloitte’s work with the US Department of Homeland Security.
The Consortium for Information & Software Quality (CISQ) has added Theis Eichel, Vice President of 7N, to its governing board, as 7N becomes a CISQ sponsor.