At a glance.
- Dell will spin off VMware.
- Zscaler to acquire Trustdome.
- Druva raises $147 million.
Mergers and acquisitions.
Dell Technologies plans to spin off its 81% stake in VMware for between $9.3 billion and $9.7 billion, TechCrunch reports. The company outlined the strategy in a presentation for investors, stating that the transaction "[m]aintains benefits of existing relationship while increasing strategic flexibility for Dell Technologies & VMware, positioning both companies for future growth." According to ZDNet, Michael Dell will remain chairman and CEO of Dell Technologies and chairman of the VMware board, while Zane Rowe will continue serving as interim CEO of VMware.
Mastercard is acquiring Seattle-based identity verification company Ekata for $850 million. Mastercard stated, "Together, Mastercard and Ekata will deliver a more comprehensive identity service that can power real-time decision-making needs, from new account openings to helping merchants assess potential fraud before a payment transaction is authorized."
San Jose, California-based Zscaler is buying Israeli cloud security company Trustdome. Zscaler's CEO Jay Chaudhry stated, "The addition of Trustdome’s team and innovations in CIEM will strengthen our Cloud Protection portfolio by enforcing least privilege principles across multi-cloud environments while giving DevOps the freedom to innovate. I am very excited to welcome the Trustdome team to the Zscaler family, and look forward to growing Zscaler’s R&D presence in Israel."
Colorado-headquartered cybersecurity advisory firm Coalfire has acquired Neuralys Corporation, a penetration-testing platform provider based in Bethesda, Maryland. Coalfire's Chief Operating Officer Mark Carney stated, "With this acquisition, Coalfire combines the industry’s most experienced adversarial operations team and breakthrough technology to manage cyber risk in today’s dynamic threat environment."
UK-headquartered IT security firm Performanta has acquired identity and access management provider Identity Experts (also based in the UK), according to MarTech Series. MarTech writes, "With the acquisition of Identity Experts, Performanta further demonstrates commitment to its customers by enhancing its in-house capabilities in the MEA region and abroad though Identity Experts’ close relationship and experience with Microsoft security technologies to help prevent data breaches, fraud and protect privacy in the MEA region."
Investments and exits.
Sunnyvale, California-based cloud data protection firm Druva has raised $147 million in a funding round led by Caisse de dépôt et placement du Québec (CDPQ), with participation from Neuberger Berman and existing investors Viking Global Investors and Atreides Management. The round brings to company's valuation to over $2 billion.
San Francisco-based SaaS security management company AppOmni has raised $40 million in a Series B round led by Scale Venture Partners, with participation from Salesforce Ventures and ServiceNow Ventures, as well as existing investors ClearSky, Costanoa Ventures, Inner Loop Capital, and Silicon Valley Data Capital, Crunchbase News reports.
New York City-based passwordless authentication company HYPR has raised $35 million in a Series C round led by Advent International, with participation from existing investors RRE Ventures, .406 Ventures, Boldstart, Top Tier Capital, MESH, Alumni Ventures Group, Allen & Co, Samsung NEXT, and Mastercard, SecurityWeek reports. SecurityWeek says the company will use the funding "to accelerate its go-to-market strategy and grow its support functions."
New York-headquartered data security company Cape Privacy has secured $20 million in a Series A round led by Evolution Equity Partners, with participation from new investors Tiger Global Management, Ridgeline Partners, and Downing Lane's Tom Noonan, TechCrunch reports. Existing investors also participated in the round. FinSMEs says the company "intends to use the funds to expand operations and its business reach."
Idaho-based penetration testing platform provider PlexTrac has raised $10 million in a Series A round led by Noro-Moseley Partners and Madrona Venture Group, with participation from StageDotO Ventures. The company says it "will use the funds to continue to build the team and grow the platform."
Israeli SaaS security firm Grip Security has emerged from stealth with $6 million in seed funding from YL Ventures, with participation from CrowdStrike CEO George Kurtz. Also joining the round are "Andy Ellis, former CSO of Akamai; Michael Sutton, former CISO of Zscaler; Sounil Yu, former Chief Security Scientist at Bank of America; Omkhar Arasaratnam, former executive director, Data Protection Engineering at JPMorgan Chase; Sameer Sait, CISO at Amazon (Whole Foods); Adi Sharabani, former SVP & GM, Endpoint Solutions at Symantec; and additional industry leaders."
Intel 471 has appointed Brandon Hoffman as the company's first CISO and Joy Nemitz as its Chief Marketing Officer. Hoffman most recently served as CISO and Head of Security Strategy at Netenrich, while Nemitz was previously Vice President of Global Marketing at CybelAngel.
Resilience Cyber Insurance Solutions has appointed Gavin Reed as Executive Vice President in Los Angeles. Reed was previously Assistant Vice President of Specialty Underwriting - Cyber/E&O/Media for CNA Insurance.