At a glance.
- BAE sells its commercial cybersecurity business.
- FireEye secures $400 million.
- Google Cloud gets a CISO.
Mergers and acquisitions.
BAE Systems sold its Connecticut-based commercial cybersecurity subsidiary SilverSky to a group of private investors on November 3rd. The purchase was led by Richard Dobrow and Cary Conrad, with the support of SilverSky's management team. Dobrow will serve as SilverSky's CEO, while Conrad will lead business development initiatives. A BAE spokesperson told Washington Technology that it sold the company "in order to fully focus on the areas in which we excel -- selling and delivering enterprise-grade solutions to large, complex organizations and nations."
Australian cybersecurity group CyberCX has acquired Canberra-based cybersecurity compliance firm Foresight, ChannelLife reports. The acquisition will expand CyberCX's business with Australian Government agencies.
ManTech International has acquired Pennsylvania-based cybersecurity services provider Tapestry Technologies. ManTech stated, "This acquisition enhances and extends ManTech's cyber defense capabilities within the Department of Defense, adding customers, new past performance qualifications as well as mission-critical contracts. Furthermore, Tapestry Technologies’ approximately 150 highly skilled and cleared professionals expand ManTech's deep cybersecurity talent base."
Refinitiv, a financial technology firm based in New York, has acquired Texas-based fraud detection company GIACT. Refinitiv says it "will integrate GIACT's offerings into its risk and compliance business, alongside leading products and services including World-Check, Qual-ID and its recently expanded Enhanced Due Diligence service."
Los Altos, California-based identity intelligence company 4iQ and Spanish public data analysis firm Alto Analytics have merged and rebranded as Constella Intelligence. 4iQ's CEO Kailash Ambwani will serve as Constella's CEO, while Alto's CEO Alejandro Romero will be COO.
Investments and exits.
FireEye has secured a $400 million strategic investment from Blackstone Tactical Opportunities, with ClearSky as a co-investor. The company has also added Viral Patel, a Senior Managing Director of Blackstone, and Art Coviello, former CEO of RSA Security, to its board of directors.
Swedish cybersecurity assessment company Outpost24 has secured €19 million (US$24 million) in a funding round led by Swedbank Rohur and Alcur Fonder, Infosecurity Magazine reports. The company will use the funding "to expand its offering and services worldwide."
German automated threat analysis firm VMRay has added $15 million to its Series B round, bringing the round's total to $25 million. The new funding comes from Digital+ Partners, with participation from eCAPITAL. VMRay says it "will use the new funding to further expand its sales and marketing operations worldwide, enhance its solution’s capabilities and integration with third-party cybersecurity systems and platforms, and expand its global channel program to new markets and geographies."
Chicago-based industrial cybersecurity compliance provider Network Perception has raised $2.73 million in a seed round led by Serra Ventures, Okapi Ventures, and Energy Foundry, with participation from Early Light Ventures, SaaS Ventures, Illinois Ventures, and Service Provider Capital. The company says the "new funding will enable Network Perception to scale its activity in the electric utility sector and beyond in order to meet the demand for critical infrastructure industries throughout the U.S. and overseas."
Thoma Bravo has purchased a majority stake in Venafi, bringing the Utah-based machine identity management provider's valuation to $1.15 billion, Law360 reports. Venafi says it will use the funding "to accelerate the innovation of its technology."
Google Cloud has appointed Phil Venables as its first Chief Information Security Officer, the Wall Street Journal reports. Venables served as CISO for Goldman Sachs for nearly two decades.
Claroty has appointed Adi Weisz as Vice President of Engineering and Brian Dunphy as Vice President of Product Management. Weisz previously served as VP of R&D at Lusha, while Dunphy was previously Senior Director of Product Management for RSA's NetWitness platform.
SecZetta has appointed Ronen Zoran to its board of advisors. Zoran most recently served as Chief Revenue Officer at CyberArk.
BehavioSec has appointed Alberto Yepez as chairman of the board and John McCormack as Chief Financial Officer. Yepez is Managing Director at ForgePoint Capital. McCormack was most recently CFO at 4iQ and Consulting CFO at Bishop Fox.
Companies in the news.
The Washington Post reports that SolarWinds investors Silver Lake and Thoma Bravo will likely face an insider trading investigation after it was revealed that the firms sold a combined total of $280 million in SolarWinds stock days before the company revealed a devastating supply-chain hack. Former SEC enforcement official Jacob Frenkel told the Post, "Of course the SEC is going to look into that. Large trades in advance of a major announcement, then an announcement: That is a formula for an insider trading investigation." Representatives from both firms told the Post they were unaware of the breach when the deals took place.