At a glance.
- IBM acquires Instana.
- Ace Management invests in EclecticIQ and Tehtris.
- Tanium moving headquarters to Seattle area.
Mergers and acquisitions.
IBM is acquiring Chicago-based application performance monitoring company Instana. IBM stated, "Once Instana's capabilities are integrated into IBM, companies will be able to feed these insights into Watson AIOps. The information could then be compared to a baseline of a normal operating application, with AI triggering alerts to resolve issues quickly before negative impacts to that transaction or activity. This can help eliminate the need for IT staff to manually monitor and manage applications, freeing these employees to focus on innovation and higher value work."
Palo Alto, California-based smart home security company Plume has acquired Canadian network intelligence company Walleye Networks. Plume representatives said, "The transaction includes all of Walleye Networks' intellectual property, technology and Research and Development (R&D) facility, in addition to its highly experienced and specialized engineering team. Plume intends to further invest in Walleye Networks' R&D center, which provides access to a hotbed of technical talent in the British Columbia region. The acquisition expands Plume's expertise in key technical areas including Domain Name System (DNS) infrastructure, Distributed Denial-of-Service (DDoS) detection, Network Behavior Anomaly Detection (NBAD), Application Performance Management (APM), privacy analytics and management, and intelligent edge processing at scale."
McLean, Virginia-based technology and engineering contractor Swish Data has acquired Warrenton, Virginia-based professional services firm Titania Solutions Group. According to Swish, "The acquisition of Titania expands Swish's expertise to include DevSecOps services, intelligence training and operations, and drone and counter-drone activities within the public sector market. This acquisition also brings important technology capabilities, contract vehicles, and valuable customer relationships that further diversify Swish's government contractor business."
London-based insurance broker Howden Broking Group has acquired cyber insurance provider Safeonline (also based in London), Insurance Business reports. Howden's managing director for financial lines Charlie Langdale said, "In a stroke, it gives us the ability to service retail SME clients and enlarge our US wholesale cyber book. It also means we can improve our service to large global retail accounts and grow further our financial lines retail capability. This enhanced offering builds on our center of excellence in London under the management of David Rees that complements our global practice group, run by Shay Simkin, and will help us deliver even more for our clients."
Investments and exits.
Amsterdam-headquartered threat intelligence company EclecticIQ has raised €20 million (US$24 million) in a Series C round led by Ace Management, with participation from Capricorn Digital Growth Fund and Quest for Growth, Invest-NL, Arches Capital, and existing investors INKEF Capital, KEEN Venture Partners, and KPN Ventures. The company says the funding "will go towards deepening the company's commitment to government, large enterprises and service providers, expanding its portfolio and increasing the company's global footprint."
Paris-based XDR platform provider Tehtris has secured €20 million (US$24 million) in a Series A round led by Ace Management, with participation from Open CNP, Nouvelle-Aquitaine Co-Investissement (NACO), and angel investors. The company's CTO Laurent Oudot stated, "To support our international expansion and to sustain our strong growth, we are announcing the creation of several hundred jobs in the next 3 years."
Alpharetta, Georgia-based banking cybercompliance provider DefenseStorm has raised $12 million in a Series B round led by Georgian, with participation from TTV Capital. The company stated, "This round of funding will accelerate several of DefenseStorm's strategic growth initiatives including technical and user-facing product changes and establishing greater platform efficiency and scalability."
New York-based account takeover prevention startup Deduce has emerged from stealth with $7.3 million in seed funding from True Ventures, with participation from Ridge Ventures and angel investors, Crunchbase News reports. Crunchbase says, "The company anticipates raising a Series A round next year, but there is no specific time frame for the raise."
Keeper Security has hired Mark Cravotta as its first Chief Revenue Officer and Ash Gupta as VP of Product Management. Cravotta most recently served as Chief Revenue Officer at The Crypsys Group, while Gupta was previously "Head of Product and Engineering at marketing optimization platform Tapclicks, Chief Architect at Travelocity, and Head of Product for Email Security at Symantec."
Parsons Corporation has appointed John Felker to its federal strategic advisory board. Felker previously led the US Cybersecurity and Infrastructure Security Agency's (CISA's) Integrated Operations Division (IOD).
Where business is done.
Tanium is moving its headquarters from San Francisco to Kirkland, Washington, GeekWire reports. The company's co-founder and CEO Orion Hindawi told GeekWire the decision was partly due to the expense of operating in Silicon Valley, and because of "some asymmetries in the way that the Bay Area works that just didn’t really work well for us."
Reuters reports that Foxconn is moving some production of iPads and MacBooks from China to Vietnam at the request of Apple. An unnamed source with knowledge of the matter told Reuters that Apple "wants to diversify production following the trade war."