At a glance.
- Imperva acquires CloudVector.
- Acronis closes $250 million funding round.
- Vectra AI secures $130 million.
Mergers and acquisitions.
San Mateo, California-based data security company Imperva will acquire CloudVector, an API security company headquartered in San Ramon, California. Imperva's CEO Pam Murphy stated, "The addition of CloudVector fits perfectly with our vision, advances our API security solution, and most importantly, broadens the security of our customers’ applications and data."
Atlanta, Georgia-based data protection and privacy management firm OneTrust will acquire third-party risk management organization Shared Assessments. OneTrust stated, "The acquisition will enable Shared Assessments to further scale the availability and adoption of the SIG to become the de facto third-party risk standard globally. Shared Assessments, including the Standardized Information Gathering Questionnaire (SIG), Shared Assessments Summit, and Shared Assessments certifications, plan to continue operating as an open and vendor-neutral industry organization."
Accenture is acquiring French cybersecurity services firm Openminded. Olivier Girard, market unit lead for Accenture France and Benelux, said of their acquisition, "Our intent to acquire Openminded is aligned with our global strategy to provide differentiated robust services to our clients in their local markets. It would accelerate our growth in France and scale our cybersecurity capabilities within the market unit and across Europe."
San Mateo, California-based SD-WAN firm Aryaka Networks has acquired German SASE company Secucloud GmbH, SiliconANGLE reports. Secucloud CEO Dennis Monner described the motivation for the acquistion: "We think this joint solution and Aryaka’s brand reputation of delivering the industry’s best customer experience, will create a highly differentiated offering for enterprise customers." Aryaka added, "Aryaka has a global network with a set of service hubs or service points of presence (POPs). These are high performance, and control points for us to activate services, as well as manage and monitor the services lifecycle. Bringing the security capabilities as a result of the Secucloud capabilities into these POPs and tying them with our automation, orchestration and monitoring workflows, as well as the MyAryaka cloud portal, would allow us to deliver a significantly better end-to-end experience."
Palo Alto, California-based network performance management company LiveAction has acquired Virginia-headquartered network detection and response provider CounterFlow AI. LiveAction stated, "This acquisition will enable LiveAction's current and future end customers and channel partners with a unified network performance monitoring and diagnostics (NPMD) platform that incorporates encrypted traffic analysis for security incident detection and response. The combined platform will streamline previously siloed network operations (NetOps) and security operations (SecOps) workflows, using common data, platform integration and improved visualization to increase the speed and efficiency with which organizations manage network and security events."
SSL certificate authority Sectigo has acquired website security company SiteLock. Sectigo said, "With this acquisition, Sectigo’s global organization will grow to more than 450 employees worldwide. The SiteLock brand will remain intact and will now be known as SiteLock, 'A Sectigo Company,' a separate business unit within Sectigo Ltd." SiteLock said, "Becoming part of Sectigo is an essential step for our growth strategy. For years, we have partnered with Sectigo and have shared a similar vision to deliver innovative security solutions while providing best-in-class customer support. SiteLock management also felt that this was the right juncture to grow strategically and invest more in this business."
Maryland-based Tenable has finalized its acquisition of Paris-based Active Directory security firm Alsid for $98 million, Infosecurity Magazine reports. The company stated, "Tenable also announced the availability of Tenable.ad, a new solution leveraging Alsid technology to secure Active Directory environments and disrupt one of the most common attack paths in both advanced persistent threats and common hacks."
Investments and exits.
Switzerland-headquartered data backup and recovery firm Acronis has raised $250 million in a funding round led by CVC Capital Partners VII and other investors. The investment puts Acronis' valuation at more than $2.5 billion. The company stated, "Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network – most notably managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients."
San Jose, California-based threat detection and response firm Vectra AI has raised $130 million from funds managed by Blackstone, with participation from Vectra's existing investors. The company says "[t]he investment will help fuel Vectra's continued growth through platform innovation and expansion into new markets and geographies, solidifying its Cognito platform as a market-leading solution for artificial intelligence (AI)-driven cloud security for threat detection and response."
San Francisco-based identity infrastructure provider Persona has secured $50 million in a Series B round led by Index Ventures, with participation from existing investor Coatue. Persona's co-founder and CEO Rick Song stated, "his funding enables us to shift our focus from building to ambitiously scaling and helping even more businesses deter fraud, stay compliant, and build trust and safety."
San Francisco-headquartered cybersecurity compliance company Vanta has raised $50 million in a Series A round led by Sequoia Capital, with participation from existing investor Y Combinator. The company says it "will use the new funding to meet customer demand, launch new products, and open a second office in New York."
North Carolina-based cyber asset management and governance provider JupiterOne has secured $30 million in a Series B round led by Sapphire Ventures, with participation from existing investor Bain Capital Ventures. JupiterOne says it "will use the fresh funding to grow its engineering, product development, and go-to-market capabilities, including building out its remote workforce. The funding also will be used to extend the reach of the company's extensive partnership and integration teams."
Florida-based network monitoring company Cigent has raised $7.6 million in Series A funding from In-Q-Tel, CyberJunction, WestWave Capital, and several individual investors. The company says the funding "enables Cigent to commercialize and bring to market Cigent Data Defense."
San Francisco-based fraud prevention company Acuant has acquired UK-based identity verification provider Hello Soda. Acuant stated, "Hello Soda is a global provider of identity verification and KYC solutions headquartered in the UK with focus on the European and Asian markets. Along with the company’s deep expertise in eMoney and gaming, with customers including VirginBet, Klarna and Paysafe, the union will bring together powerful technology and data science capabilities that are key to unlocking trust in digital identities."
New Zealand-headquartered container security firm Portainer has raised $6 million in a Series A round led by Bessemer Venture Partners, with participation from Sonae Investment Management and Movac. The company says the round "will fund Portainer.io's worldwide user expansion and product development, as Portainer.io charts the course for the future of container management. Portainer.io will also continue to scale and develop its enterprise offering, Portainer Business, which launched in December 2020."
Palo Alto, California-based cloud-native security operations and management startup StrikeReady has emerged from stealth with $3.28 million in seed funding from 11.2 Capital, with participation from Outlier Venture Capital and angel investors. The company says the funding "will be used to accelerate Go-To-Market, sales and grow the R&D team."
Forcepoint has added Matt Dircks, John McCormack, and Dr. John Zangardi to its board of directors. Dircks is CEO of BeyondTrust, McCormack is an Operating Partner at Teleo Capital, and Zangardi is president of Redhorse Corporation.