At a glance.
- LogRhythm acquires MistNet.
- Lacework closes $525 million Series D round.
- Intel will replace its CEO.
Mergers and acquisitions.
Boulder, Colorado-based SIEM provider LogRhythm has acquired Mountain View, California-based threat detection and hunting company MistNet. LogRhythm's president and CEO Mark Logan stated, "MistNet complements our existing SIEM platform by enhancing deep network visibility, behavior analytics and threat detection capabilities and will accelerate LogRhythm's reach into the XDR market."
Equifax has acquired fraud prevention and digital identity solutions provider Kount (based in Boise, Idaho) for $640 million. Kount's full product suite will be integrated into the Equifax Luminate Platform.
Seattle-headquartered application delivery and security firm F5 Networks has acquired distributed cloud platform provider Volterra, of Santa Clara, California, for $500 million, SecurityWeek reports. F5 said, "With the addition of Volterra's technology platform, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale."
North Carolina-based open source software company Red Hat will acquire StackRox, a Kubernetes-native security firm headquartered in Mountain View, California. Red Hat stated, "With this acquisition, Red Hat will further expand its security leadership, adding StackRox’s complementary capabilities to strengthen integrated security across its open hybrid cloud portfolio with greater simplicity and consistency."
Axiologic Solutions, a Fairfax, Virginia-headquartered company that provides systems and IT solutions to the Federal government, has acquired Herndon, Virginia-based intelligence services firm Knowledge Link. Axiologic stated, "The addition of Knowledge Link will nearly double the size of Axiologic, strategically expand its capabilities, and allow it to bring a greater range of services and mission support to more customers across the federal national security spectrum."
Accenture has acquired Brazilian managed cybersecurity services provider Real Protect. Paulo Ossamu, Accenture Technology Lead for Latin America, stated, "Brazil is home to a variety of cybercriminal groups with specific tactics, which is a cyber threat that can be tackled with specialized Brazilian cyber defense and incident response specialists. Real Protect will bring this expertise to complement our teams all over the region and enhance our commitment to help secure our clients’ businesses across their entire ecosystems in Latin America."
Managed detection and response provider Huntress Labs, based in Ellicott City, Maryland, has acquired Recon™, an endpoint detection and response (EDR) solution from San Antonio startup Level Effect. Huntress's founder and CEO Kyle Hanslovan stated, "By integrating Recon, our platform will respond to malicious network sessions, event logs and non-persistent threats, allowing us to support broader cybersecurity use cases and defend additional attack surfaces." Level Effect's co-founders Greg Ake and Robert Noeth will join Huntress to help with the "initial integration and ongoing development of the Recon software." Huntress's press release adds that Level Effect itself "will continue to operate as its own independent business—providing cybertraining services to aspiring security practitioners looking to advance their knowledge."
Columbia, Maryland-based network security company Owl Cyber Defense has acquired Trident Systems' Assured Collaboration Systems (ACS) product line. Owl's press release states, "ACS has the only U.S. government-approved Voice over IP ("VoIP") and Video Teleconference ("VTC") Cross Domain Solution ("CDS") as well as the industry's most advanced Full Motion Video ("FMV") filtering capability – functionality critical to CDS operations in an era of drones and cameras. The acquisition gives Owl a broader range of certified network perimeter defense solutions than any competitor in the market."
Investments and exits.
Lacework, a cloud security company based in San Jose, California, has secured $525 million in a Series D round led by Sutter Hill Ventures and Altimeter Capital, with participation from D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, and Tiger Global Management. The round brings the company's total funding to nearly $600 million. Crunchbase News says the company plans to use the funding to "for product development, sales and market and international expansion—especially into Europe."
San Francisco-based embedded software security company Vdoo has raised $25 million in an extension to its Series B round, TechCrunch reports. The additional funding comes from Qumra Capital and Verizon Ventures, and brings Vdoo's total Series B funding to $57 million.
Managed intelligence provider Nisos (headquartered in Alexandria, Virginia) has raised $6 million in a funding round led by Paladin Capital Group, with participation from existing investors Columbia Capital and Skylab Capital. The company says the investment "enables Nisos to expand its marketing and operations, while extending its international footprint."
Hyperproof, a governance, risk, and compliance (GRC) software provider with its home office in Bellevue, Washington, has raised $4 million in its third seed funding round, bringing its total funding to $10 million, GeekWire says the new funding was "raised mostly from existing backers." The company stated, "We plan to use this funding to build out additional enterprise product capabilities and its go-to-market efforts, specifically in sales, marketing, and partnerships."
Intel is replacing its CEO Bob Swan with Pat Gelsinger, the Wall Street Journal reports. Gelsinger served as Intel's Chief Technology Officer before moving to VMware, where he'd served as CEO since 2012.
Francisco Partners has completed its acquisition of Forcepoint from Raytheon Technologies. CRN reports that following the acquisition, the company named Manny Rivelo, Senior Operating Partner at Francisco Partners, as Forcepoint's CEO, replacing Matthew Moynahan.
IBM has hired Gary Cohn as Vice Chairman and a member of its Executive Leadership Team. Cohn previously served as an economic advisor to President Trump and Director of the National Economic Council. Before that, he served as president and CEO of Goldman Sachs for ten years. IBM says, "Mr. Cohn will work in partnership with IBM CEO Arvind Krishna and the IBM Executive Leadership Team on a wide range of business initiatives and external engagement, in areas including business development, client services, public advocacy and client relationship management."
Becrypt has appointed former GCHQ Chief Information Officer Nick Hopkinson has a non-executive director. The company says "The appointment is aimed at supporting and enhancing the company's focus on the development and delivery of high assurance products and services into the government, defence and security sectors, as well as related critical national infrastructure markets."
Panaseer has appointed Jonathan Gill as its new CEO, Information Age reports. Gill previously served as General Manager and Senior Vice President for EMEA at Talend. Panaseer's former CEO and founder Nik Whitfield will serve as the company's Chairman and Chief Seer.
Cloudera has hired Robert Carey as President of its Government Solutions business unit and Vice President of its Public Sector unit, GovCon Wire reports. Carey previously served as Vice President of RSA Security's Global Public Sector Solutions.
Companies in the news.
Cyber risk ratings firm NormShield has rebranded itself as "Black Kite" and moved its headquarters from Vienna, Virginia to Boston, Massachusetts. The company stated, "While the award-winning software-as-a-service (SaaS) platform remains the same, the rebranding aligns the company’s vision with its capability to expand cyber risk visibility to third parties and supply chains."
CNBC reports that a misinterpreted Elon Musk tweet led to a "buying frenzy" for shares of an obscure technology component manufacturing company based in Texas. Musk tweeted, "Use Signal," presumably referring to the encrypted messaging app Signal (which Quartz notes is not a publicly traded company). Following the tweet, investors bought shares in an unrelated company called Signal Advance, sending the small company's stock up by 11,708%, Business Insider says. CNBC summarizes that "Signal Advance, which reported receiving no revenue in 2015 and 2016, is now worth more than $3 billion." (Do read before you invest, and in this case even reading the large print would have sufficed.)
Former CISA director Chris Krebs and former Facebook CISO Alex Stamos have launched a cybersecurity consultancy firm, TechCrunch reports. Their first client is SolarWinds, a Texas-based IT management company whose software was abused in a wide-ranging cyberespionage campaign by suspected Russian intelligence services.