At a glance.
- Forcepoint to acquire Deep Secure.
- Deloitte acquires Terbium Labs.
- Pcysys rebrands as Pentera.
Mergers and acquisitions.
Austin, Texas-based Forcepoint has agreed to acquire Deep Secure, a cybersecurity firm based in the UK. Forcepoint stated, "Underlying the planned acquisition of Deep Secure are expansion opportunities that will enable Forcepoint to extend the capabilities of its industry-leading Cross Domain Solutions portfolio to deliver enhanced efficacy for securing the critical data and missions of governments in the U.S. and beyond."
Deloitte has acquired Terbium Labs, a digital risk protection company based in Baltimore, Maryland. The company stated, "Terbium Labs' services and solutions – including its digital risk protection platform that leverages artificial intelligence, machine learning and patented data fingerprinting technologies to identify illicit use of sensitive data online – will join Deloitte's cyber practice in its Detect & Respond offering suite."
Honeywell Quantum Solutions and Cambridge Quantum Computing are merging to form a new company in the third quarter of 2021. Honeywell stated, "Honeywell Chairman and Chief Executive Officer Darius Adamczyk will serve as chairman of the new company. The new company will be led by Ilyas Khan, the CEO and founder of CQC. Tony Uttley, currently the president of HQS, will serve as the new company's president."
Centreville, Virginia-based Parsons Corporation has agreed to acquire Fairfax, Virginia-headquartered BlackHorse Solutions for $203 million, Intelligence Community News reports. Parsons' CEO Chuck Harrington stated, "Adding BlackHorse increases our scale in the areas of cyber, electronic warfare, and information dominance, enhancing Parsons’ position to pursue and win upcoming large joint all-domain contract opportunities, which is a key component of our national defense strategy."
RSA Security has spun out its fraud and risk intelligence company into a standalone company called "Outseer." RSA stated, "The new organization, Outseer, is led by CEO Reed Taussig who joined the RSA Fraud & Risk Intelligence business in late 2020 and is a veteran of the fraud prevention and digital identity industry. With this strategic transition defined by self-directed company management and a modern corporate identity, Outseer will continue to deliver all heritage products in a newly constituted portfolio."
Investments and exits.
Massachusetts-based financial fraud prevention firm Aura has raised $150 million in a Series E round led by Warburg Pincus. The company said, "With this new investment, the company will focus on enhancing its customer experience, growing the user base of the new Aura product, accelerating development of new features and implementing programs to increase consumer awareness through a national advertising campaign."
UK-headquartered cybersecurity training company Immersive Labs has raised $75 million in a Series C round led by Insight Partners, with participation from Menlo Ventures, Citi Ventures, and existing investor Goldman Sachs Asset Management. The company stated, "As well as building out the platform, Immersive Labs will use the funding to expand its international presence, tripling global headcount to 600 over the next two years and establishing operations in new regions throughout APAC and Europe."
San Jose, California-based identity and behavior-based cybersecurity firm Elisity has raised $26 million in a Series A round led by Two Bear Capital and AllegisCyber Capital, with participation from existing investor Atlantic Bridge. The company stated, "Today's funding will scale Elisity to meet enterprise demand for its cloud-delivered cybersecurity platform that can analyze the unique identity and context of people, apps, and devices—including IOT and OT—wherever they're operating."
Denver, Colorado-based web application and API security firm ThreatX has raised $10 million in a funding round led by .406 Ventures, with participation from existing investors Access Venture Partners and Grotech Ventures. The company says it will use the funding to:
- "Accelerate business on all fronts and increase revenue by 150% in 2021.
- "Enhance its robust worldwide sales engine to further penetrate existing markets and expand into new vertical segments.
- "Strengthen its fully-managed WAAP services team to offer clients the application security expertise necessary to combat adversaries.
- "Grow its engineering team to continue to develop innovations that keep its top-rated WAAP platform ahead of the competition.
- "Expand its US operations by establishing a presence on the East Coast with a new office in Boston."
Myoto, Inc., a US security-as-a-service shop headquartered in Blue Bell, Pennsylvania, announced that it had received $3.65 million in a Series A2 investment round led by PACA ventures. Myoto recently completed development of a “commercial version of its enterprise B2B SaaS platform,” which the company says uses “shred and spread” data dispersion in a way that makes stored data useless to attackers. Myoto intends to use the funds for accelerated growth and market penetration.
Arlington, Virginia-based risk management software provider Ostendio has raised an undisclosed amount in a Series A round led by Osage Venture Partners, with participation from Blu Venture Investors and CIT GAP Funds. The company's President and Chief Operating Officer Marc Bandini stated, "This funding will help us invest further in product development and customer support as we continue to scale in line with customer and market demand."
Recorded Future has launched The Intelligence Fund, a pool of $20 million that "will focus on seed and Series A investments in startups that are building novel intelligence data sets, collection platforms, and applications." The company stated, "To date, The Intelligence Fund has invested in two companies, Gemini Advisory, a cutting-edge Fraud Intelligence platform with a unique view into the state of the payment card and merchant fraud, preventing fraud, on average, up to 24 days before it occurs; and SecurityTrails, a provider of comprehensive domain and IP address intelligence for third-party risk assessment, attack surface reduction, and threat hunting."
CyberGRX has hired John Mayhall as Chief Revenue Office, Kerry Nagle as Chief Operating Officer, and Peter Finter as Chief Marketing Officer. Mayhall most recently led the North American Account Management business for LinkedIn's Sales Solutions line. Nagle previously served as COO at East Daley Capital Advisors. Finter most recently served as CMO at Couchbase.
One Identity has appointed Rima Pawar as Vice President of Product Management, Joe Garber as Vice President of Marketing, Teri Robb as Vice President of North American Sales, and Chris Wood as Vice President of Sales.
Akamai, the well-known edge security firm, announced that it has appointed a new Chief Security Officer. Effective June 14th, Dr. Boaz Gelbord became Akamai’s Senior Vice President and Chief Security Officer. His responsibilities will extend to cybersecurity, information security compliance, and the protection of Akamai's systems, data, employees, and intelligent edge platform.
Dremio has hired Alan Gibson as Chief Revenue Officer, Amit Manor as Head of Channel and Alliances - EMEA, Debbie Klett as Head of Strategic Partner and Channel Marketing, and Deepa Sankar as VP of Portfolio Marketing.