At a glance.
- Forcepoint acquires Cyberinc.
- HelpSystems acquires Beyond Security.
- Arkose Labs secures $70 million in Series C round.
- Observations on the business effects of the Colonial Pipeline ransomware incident.
Mergers and acquisitions.
Austin, Texas-based security firm Forcepoint has acquired remote browser isolation company Cyberinc. Forcepoint's CEO Manny Rivelo stated, "The acquisition of Cyberinc's Smart Isolation capabilities is the first of many investments Forcepoint will make to enhance user productivity, lower operational burdens and eliminate traditional monolithic products through a best-in-class SASE cloud service."
Canadian cybersecurity provider iON United has acquired Vancouver-headquartered network security firm Wirefire Solutions, the Calgary Herald reports. The company stated, "Wirefire's CEO, Craig Chomat, and President, David Wood, will be integral in the transition planover the coming months. Alon Goldberg will join iON as a new Field CTO. As iON continues to expand into new markets, the combined company will hire several key positions in strategic sales, marketing, product development, and technical services."
UK-based data backup and disaster recovery firm Databarracks has acquired London-headquartered backup company 4sl. Databarracks said the transaction will "create a combined company with 75 staff, including 50 data protection experts."
Minneapolis-based IT management company HelpSystems has acquired vulnerability assessment and management provider Beyond Security. HelpSystems stated, "The team and solutions from Beyond Security will fit into HelpSystems’ popular infrastructure protection portfolio featuring Digital Defense, Core Security, and Cobalt Strike."
Austin, Texas-headquartered third-party remote access and security provider SecureLink has acquired Nashville, Tennessee-based data governance company Maize Analytics. Joe Devine, CEO of SecureLink, stated, "By combining SecureLink’s unique third-party security features with Maize Analytics’ innovative machine learning capabilities to secure insider access, we are extending our solutions for our customers - one that covers both employee and third-party access to the most mission critical and sensitive systems."
German digital infrastructure security company secunet has acquired security-focused messaging service stashcat (also based in Germany). Axel Deininger, CEO of secunet, stated, "With the acquisition of stashcat, we are creating an additional offering for secure and flexible communication and collaboration in companies, administration and security authorities such as the police."
Investments and exits.
San Francisco-based fraud prevention firm Arkose Labs has secured $70 million in a Series C round led by SoftBank Vision Fund 2, with participation from Wells Fargo Strategic Capital and existing investors M12 and PayPal Ventures. Arkose says the funding "will go toward platform development, new hires and global expansion."
Israeli security validation platform provider Cymulate has raised $45 million in a Series C round led by One Peak, with participation from existing investors Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth, and Dell Technologies Capital. The company says the funding "will be used to further accelerate Cymulate's impressive growth as the company closed 2020 with double the revenue year-over-year and grew its staff by over 150%."
Maryland-based managed detection and response firm Huntress has raised $40 million in a Series B round led by JMI Equity, with participation from existing investors ForgePoint Capital and Gula Tech Adventures. Huntress stated, "The funding will enable Huntress to continue expanding its cybersecurity platform to meet the evolving needs of its partners—managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs)."
London-headquartered enterprise security monitoring company Panaseer has raised $26.5 million in a Series B round led by AllegisCyber Capital, with participation from National Grid Partners and existing investors Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments, and Paladin Capital Group. The company says the "funding round will help accelerate product feature development and enhance customer success and service delivery."
Israeli DevOps security startup Cycode has raised $20 million in a Series A round led by Insight Partners, with participation from existing investor YL Ventures. Cycode's CEO and co-founder Lior Levy stated, "With these new funds, part of the focus will naturally be on expanding sales and marketing efforts. What I’m really excited about is expanding Cycode's platform with even more integrations into CI/CD and security tools to increase the power of our knowledge graph. Furthermore, we’re releasing a low-code query engine and a knowledge-sharing community that will enable security teams without development expertise to leverage the full power of the graph."
Sunnyvale, California-based data security company Dasera has raised $6 million in a seed round led by Sierra Ventures, with participation from Saama Capital, One Way Ventures, Sand Hill Angels, and angel investors. The company will use the funding "to accelerate sales and product development."
Texas-based cyber intelligence firm Prevailion has secured an oversubscribed expansion to its $10 million Series A round. The additional investment was led by Allstate Strategic Ventures, with participation from by Accenture Ventures. The company stated, "With its strategic round now fully closed, Prevailion is further expanding its usability, reporting and partner ecosystem by the end of 2021. Prevailion is also boosting marketing and sales to meet global product and customer demand."
Bugcrowd has hired Nick McKenzie as Chief Information and Security Officer (CI&SO) and Sammie Walker as Chief Marketing Officer. McKenzie was previously Executive General Manager – Chief Security Officer at National Australia Bank. Walker most recently served as Executive Vice President and CMO for Infoblox.
MITRE has appointed Wen Masters as Vice President for Cyber Technologies. Masters previously served as deputy director for research and director of the Information and Cyber Sciences Directorate at Georgia Tech Research Institute.
Bishop Fox has also appointed MJ Porcello as Vice President of Team People. Porcello previously served as Vice President of People and Talent at BitSight.
Fortunes of commerce.
The Colonial Pipeline ransomware incident is bad news insofar as refined petroleum products prices are concerned. For "refined petroleum products, read gasoline, diesel, and jet fuel prices, and especially gasoline. There's no need for you wreckers out there on the East and Gulf Coasts to be hoarding gas in five-gallon cans, ABC News reports US Energy Secretary Granholm as advising, although not of course in those words, exactly. It's a short-term supply crunch, as Washington sees it.
It's not been entirely bad news for the cybersecurity sector, however. Barron's sees the incident as likely to goose the shareprices of security stocks. As the markets digested the news early this week, Investing.com writes that some of the early gainers were FireEye (NASDAQ:FEYE), Juniper Networks (NYSE:JNPR), SolarWinds (NYSE:SWI), Palo Alto Networks (NYSE:PANW), and CrowdStrike.
There may be other effects as the week continues. In the mid-afternoon today Seeking Alpha reported that the DarkSide gang (responsible for the Colonial Pipeline attack) has said it's just hit three more corporate targets. Which ones are so far unknown, but that should come to light shortly (assuming that the communique is more than bluff and gasconade).