At a glance.
- Dell is selling RSA Security.
- IBM pulls out of RSA 2020 over coronavirus concerns.
- Signal wants to go mainstream.
- Hitwise shuts down after losing access to Jumpshot's data.
Mergers and acquisitions.
Dell Technologies announced on Tuesday that it has agreed to sell RSA Security to Palo Alto, California-based Symphony Technology Group (STG Partners) for $2.075 billion, TechCrunch reports. The sale includes RSA Conference, RSA Archer, RSA NetWitness Platform, RSA SecurID, and RSA Fraud and Risk Intelligence. The deal is expected to close within six to nine months, and RSA will continue its normal business operations until then. Dell Technologies's chief operating officer Jeff Clarke stated in a blog post that "[i]n determining the best long-term future for RSA, we sought a partner that was enthusiastic about RSA's mission, committed to its customer and partner base, and interested in maximizing the power of RSA's talent, experience, and tremendous growth potential. We believe Symphony Technology Group will be the right custodian to achieve these goals."
Israeli spyware vendor NSO Group has acquired Tel Aviv-based counter-drone technology startup Convexum for US$60 million, CISO MAG reports. NSO Group's CEO Shalev Hulio stated that "As drone defense is becoming increasingly important for public safety, Convexum fits perfectly into our overall corporate vision of providing law enforcement and intelligence agencies the tools they need to stop serious organized crime and terrorism. We plan to further develop and strengthen the already market-leading technology of Convexum. The new addition to NSO's portfolio further secures NSO as a true partner for governments in their ongoing fight to protect lives."
FireEye's stock price rose by six percent on Thursday after Okdiario reported that Cisco was preparing an acquisition bid for the company, but Barron's cited a source close to Cisco as saying there was "zero truth" to the rumors. The Motley Fool says Cisco would be ill-advised to make such an acquisition, since FireEye's hardware business is declining and its smaller but more promising cloud business overlaps with Cisco's own security offerings.
Investments and exits.
San Francisco-based ForgePoint Capital announced a new $450 million investment fund for cybersecurity companies. The firm's press release states that the fund will focus on "cyber intelligence, privacy, security services and infrastructure protection."
One of the first recipients of an investment from ForgePoint's new fund is Maryland-based SaaS cybersecurity provider Huntress, which received $18 million in a Series A round. Huntress said the funding will enable it "to accelerate product engineering and development, as well as expand to additional market segments and geographies."
Mountain View, California-based endpoint security company SentinelOne closed a $200 million Series E round led by Insight Partners, with participation from Tiger Global Management, Qualcomm Ventures, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and previous investors. SentinelOne says the investment brings the company's valuation to $1.1 billion.
Fulton, Maryland-based homomorphic encryption company Enveil has received $10 million in a Series A funding round led by C5 Capital, with participation from Mastercard, Capital One Ventures, Bloomberg Beta, and 1843 Capital. Enveil's press release states that "[t]he Series A investment will help Enveil continue to cultivate traction within the commercial and government markets, expand its ZeroReveal® product line, and grow customer support functions and the company’s global sales team." Technical.ly notes that financial companies in particular are interested in Enveil's technology.
IronNet Cybersecurity, also based in Fulton, Maryland, is raising "up to $53 million," according to the Baltimore Business Journal. The company previously raised $78 million in a major Series B round in May 2018.
London-based human risk intelligence platform provider OutThink received €1.4 million ($1.5 million) in a seed funding round led by Forward Partners, according to EU-Startups. The company will use the funding to increase its staff from fifteen to forty employees and to expand its services across Europe and the Middle East. OutThink also expects to close a Series A round by the end of the year.
New York City-based malware-detection company Deep Instinct raised $43 million in a Series C funding round led by Millennium New Horizons, with participation from Unbound, LG Electronics, and Nvidia, SiliconANGLE reports. Deep Instinct will put the money into sales and marketing as it expands around the world.
Paris-based cyber risk management firm CybelAngel has raised €32.9 million ($35.6 million) in a Series B funding round led by Prime Ventures and TempoCap, with participation from Bpifrance and Open CNP, EU-Startups reports. According to VentureBeat, the company's CEO Erwan Keraudy stated that "This funding enables CybelAngel to expand globally to more countries and continue to innovate to protect enterprises’ most critical digital assets from costly data leaks. It will also support our expansion in North America, where the demand for digital supply chain protection and third-party risk management is growing exponentially."
Virginia-based cyber range provider HyperQube received an investment from the Center for Innovative Technology's CIT Gap Funds, Technical.ly says. The amount of the investment wasn't disclosed. HyperQube will use the money to boost its software development, hire more staff, and grow its marketing operations.
RangeForce has added US Navy Vice Admiral Jan E. Tighe (Ret.) to its board of advisors. Vice Admiral Tighe was the Deputy Chief of Naval Operations for Information Warfare before she retired from the Navy in 2018, and she currently holds positions on the board of directors for Goldman Sachs, the Huntsman Corporation, Progressive Insurance, and IronNet Cybersecurity.
LogicMonitor has appointed Yvonne Schroeder as General Counsel and Todd Riesterer as its new chief people officer. Schroeder was most recently Vice President, General Counsel and Corporate Secretary for Trojan Battery Company, while Riesterer was previously chief people officer at Kony.
Netography has added Tom Reilly and Martin Roesch to its technical advisory board. Reilly most recently served as CEO of Cloudera, while Roesch is known as the creator of Snort and founder of Sourcefire.
Nixu has hired Pietari Sarjakivi as its managed services business area leader. The company also hired four market area leaders: Valtteri Peltomäki for Finland, Björn-Erik Karlsson for Sweden, Niels Kemal Onat for Denmark, and Matthijs van der Wel for Benelux (Belgium, the Netherlands, and Luxembourg).
Security companies in the news.
IBM is no longer attending RSA 2020 due to concerns about the coronavirus, CRN reports. IBM Security was one of the conference's nine Platinum Sponsors. The company told CRN that "The health of IBMers continues to be our primary concern as we monitor upcoming events and travel relative to Novel Coronavirus (COVID-19). As a result, we are cancelling our participation in this year's RSA conference taking place February 24-28 in San Francisco." RSA said in response on Friday that "We understand and respect [IBM's] decision. RSA Conference is still planning to proceed as scheduled."
Signal is building out features designed to turn it into a mainstream, easy-to-use encrypted messaging app à la WhatsApp, WIRED reports. Signal's founder and CEO Moxie Marlinspike told WIRED that "This has always been the goal: to create something that people can use for everything. I said we wanted to make private communication simple, and end-to-end encryption ubiquitous, and push the envelope of privacy-preserving technology."
Ad Exchanger reports that consumer behavior data company Hitwise is closing down following Avast's decision to shut down its Jumpshot subsidiary. Hitwise, which was one of Jumpshot's clients, told its customers in early February that it was pausing its services because the company's "primary clickstream data partner is no longer in a position to provide Hitwise with data as of 28th January 2020." Hitwise didn't name Jumpshot in its recent announcement, but most observers conclude Hitwise's closure is a result of losing access to Jumpshot's data. Search Engine Land says it's "likely that Hitwise relied too heavily on Jumpshot, while other tool providers have indicated that their data mix was such that losing Jumpshot would not affect their output. Whether their data is actually as reliable without Jumpshot remains to be seen."