At a glance.
- BlueHalo acquires Base2 Engineering and Fortego.
- OneTrust secures $300 million in Series C funding.
- BigID raises $70 million in Series D round.
Mergers and acquisitions.
BlueHalo, a Virginia-based company in Arlington Capital Partners' portfolio, on Monday announced that it had completed its acquisition of Base2 Engineering and Fortego. The two acquired companies are expected to solidity BlueHalo's cybersecurity and signals intelligence capabilities. Both Base2 and Fortego are headquartered in Maryland. Fortego was advised on the transaction by Eureka Strategic Consulting.
Cisco intends to acquire Palo Alto-headquartered application environment visibility company Dashbase. Cisco will integrate Dashbase's technology into the AppDynamics platform, enabling AppDynamics "to further streamline case investigation and the resolution process with support for Metrics, Events, Logs, and Traces."
SafeToNet Limited, a London-based company focused on keeping children safe online, has acquired Philadelphia-headquartered Content Watch Holdings, Inc, the owner of parental-control software provider Net Nanny. SafeToNet stated, "This acquisition significantly strengthens SafeToNet's US presence where it recently launched SafeToNet Americas, also based in Philadelphia, as part of the company's global expansion. In addition to the direct consumer market, the company plans to deploy a derivative of its safeguarding keyboard onto the technology used by schools across the country." Additionally, the company said "the move is part of SafeToNet's preparatory plans for a Series B investment round in early 2021 which will accelerate its already rapid international expansion."
Investments and exits.
Atlanta, Georgia-based data governance and compliance firm OneTrust has raised $300 million in a Series C round led by TCV, with participation from existing investors including Insight Partners and Coatue. The company is now valued at $5.1 billion. According to VentureBeat, OneTrust will put the funding "toward product R&D as it looks to expand its sales, marketing, and engineering teams worldwide."
New York-headquartered data discovery and privacy management company BigID has raised $70 million in a Series D round that brought the company's valuation to over $1 billion. The round was led by Salesforce Ventures and Tiger Global, with participation from Glynn Capital and existing investors Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures. The company says the funding "will help accelerate BigID's investment in data intelligence for privacy, protection, and perspective, further expand sales and marketing, and deliver new applications for actioning data in data privacy, security, and governance."
San Francisco-based data security and compliance company Very Good Security (VGS) has raised $60 million in a Series C round led by Vertex Ventures US with participation from existing investors Andreessen Horowitz and Goldman Sachs Growth. The company says the funding "will help VGS thoughtfully accelerate our growth and continue to deliver on our promise to our customers as we build for the long-term."
UK-based quantum software company Cambridge Quantum Computing has secured $45 million in financing from Honeywell Ventures, IBM Ventures, JSR Corporation, Serendipity Capital, Alvarium Investments, and Talipot Holdings. The company says it will use the funding "to further accelerate commercialization and consolidate its leadership position in quantum computing software and applications."
Arizona-based data privacy rights management company Truyo has secured a strategic investment from Intel, which the company says "will further accelerate Truyo's Health-Check Management Solutions innovation." The amount of the investment wasn't disclosed.
Seeking Alpha reports that Cisco's Executive VP and Chief of Operations Irving Tan has stepped down, and has returned to Singapore where "he'll serve the company to help with special projects in Asia Pacific, Japan, and China." Cisco said in an SEC filing, "[I]n connection with Mr. Tan stepping down from his role, Maria Martinez, Cisco’s Executive Vice President and Chief Customer Experience Officer, is taking on an expanded role to lead certain operations functions in addition to customer experience as one, united team, including supply chain, IT, security and trust, data and analytics, customer and partner services, and strategy and business acceleration.
OneLogin has hired Damon Dean as Chief Product Officer and promoted Matt Hurley to Chief Revenue Officer, Channel Partners reports. Dean previously served as Vice President of Product Management at Flexport. Hurley was previously OneLogin's Vice President of Global Channels, Strategic Alliances, and Professional Services.
Google has appointed Jeff Reed as Vice President of Product for its Anthos cloud business, CRN reports. Reed previously served as Senior Vice President and General Manager of Cloud and Network Security for Cisco's security business.
Centrify has appointed Charlie Velasquez as Chief Financial Officer. Velasquez has previously served as CFO for Skybox Security, Arxan Technologies, CollabNet/VersionOne, AccelOps, and Tidal Software.
EfficientIP has appointed Thierry Drilhon as chairman of its board and Cécile Ferreboeuf Clayes as a board member. Drilhon currently serves as President of the Franco-British Chamber of Commerce and Industry. Cécile Ferreboeuf Clayes is currently Director of Business Development at Microsoft