At a glance.
- NortonLifeLock in talks to acquire Avast.
- Rapid7 acquires IntSights.
- Virsec raises $100 million.
Mergers and acquisitions.
Arizona-headquartered NortonLifeLock is in "advanced discussions" to buy Prague-based, London-traded antivirus company Avast, the Wall Street Journal reports. The Journal estimates that a deal could value Avast at more than $8 billion.
Boston-based vulnerability management company Rapid7 has acquired Israeli threat intelligence platform provider IntSights for $335 million. The company stated, "With the acquisition of IntSights, Rapid7 will combine its community-infused threat intelligence and deep understanding of customer environments with IntSights’ external threat intelligence capabilities. This combination is intended to provide customers with a unified view into threats, attack surface monitoring, relevant insights, and proactive threat mitigation for organizations of any size or level of security maturity. This acquisition also enhances Rapid7’s industry-leading cloud-native extended detection and response (XDR) offering, InsightIDR, by enabling high-quality, high-fidelity alerts to ensure efficient security operations, earlier threat detection, and accelerated response times."
Ashburn, Virginia-based government IT solutions provider ID Technologies has acquired Columbia, Maryland-based endpoint cybersecurity company Attila Security. Attila stated that it "will integrate with the company’s Archon secure solutions division, adding complementary product IP and technical capabilities, new customers and greater sales capacity to the Archon secure product portfolio."
Boston-headquartered cybersecurity firm Cybereason has acquired Tel Aviv-based security analytics company empow. Cybereason stated, "The empow acquisition adds innovative predictive response technology, a library of out-of-the-box data integrations, and top-tier engineering and product talent. These capabilities will be incorporated into the Cybereason XDR offerings to further deliver on the company’s mission to end cyber attacks on the endpoint, across enterprise, to everywhere the battle is taking place."
Microsoft has acquired Sunnyvale, California-headquartered privileged access management provider CloudKnox Security. Microsoft stated, "The acquisition of CloudKnox further enables Microsoft Azure Active Directory customers with granular visibility, continuous monitoring and automated remediation for hybrid and multi-cloud permissions."
Australian managed IT services provider Nexon has acquired Computer Systems Australia (CSA), ARN reports. Nexon's CEO Barry Assaf stated, "By acquiring CSA, we strengthen our proposition to clients across cloud, network and cyber. We will also be able to leverage CSA's strong C-suite engagement and expertise in digital services, underpinned by their relationship with ServiceNow, to create new digital experiences for our clients." CSA's CEO Brett Woods will serve as Nexon's Chief Strategy and Transformation Officer.
Stockholm-based telecom software provider Enea has agreed to acquire Dublin-based telecom managed threat detection company AdaptiveMobile for approximately €45 million. Jan Häglund, President and CEO of Enea, stated, "As the global leader in mobile network security, AdaptiveMobile Security expands our market presence and broadens our offering to operators, creating interesting opportunities in areas such as 5G security."
McLean, Virginia-based Avantus Federal has acquired Reston, Virginia-headquartered cyber tool development and assessment firm Occam’s Razor Technologies. The company stated, "This acquisition further enhances Avantus’ cyber operations and solutions platform through differentiated technology and delivery capacity at scale, bringing an additional suite of capabilities to the company’s extensive base of federal government customers."
Tampa, Florida-based critical infrastructure protection firm OPSWAT has acquired Maryland-headquartered industrial cybersecurity company Bayshore Networks. OPSWAT stated, "As part of the acquisition, OPSWAT will integrate Bayshore Networks products and teams, extending OPSWAT's CIP capabilities to OT/ICS environments."
Investments and exits.
Canadian SolarWinds spin-off N-able has gone public on the New York Stock Exchange. The company stated, "Following the separation, which was completed on July 19, 2021, N-able will provide cloud-based software solutions for managed service providers (“MSPs”), enabling them to support digital transformation and growth within small and medium-sized enterprises. SolarWinds will retain its Core IT Management business focused primarily on providing IT infrastructure management software to corporate IT organizations."
San Jose, California-based application workload protection provider Virsec has raised $100 million in a Series C round led by BlueIO, with participation from Allen & Company LLC, Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, and Marker Hill Capital. According to VentureBeat, "the company will use the funds to hire, meet product demand, and build out a robust customer support model."
San Francisco-based passwordless authentication company Stytch has raised $30 million in a Series A round led by Thrive, with participation from Coatue and existing investors Benchmark and Index. TechCrunch states, "The new capital will be used to roll out more authentication options, including biometrics, WebAuthn, OAuth logins, QR codes and push notification login. The company also plans to launch additional user infrastructure features and to build out session management and advanced fraud detection solutions. Stytch also aims to hire 20 people by year’s end."
Atlanta-based identity governance company SecurEnds has raised $21 million in a Series A round led by Elephant. The company says "the funding will be primarily used to scale operations and product development, and for geographic expansion into untapped markets across Europe and Asia."
Austin, Texas-based network threat intelligence company ThreatWarrior has raised $10 million in a Series A round led by Ecliptic Capital, with "strong participation" from CrowdStrike Falcon Fund and Alumni Ventures Group. The company says the "new capital will be used to accelerate the company's growth, fuel product development, and advance go-to-market strategies."
Switzerland-headquartered network traffic privacy company Nym Technologies has raised $6 million in a Series A round led by Polychain Capital, with participation from Eden Block, Greenfield One, Maven11, Tioga, and 1kx, TechCrunch reports. TechCrunch says the funding "will be used to continue commercial development of network infrastructure, which combines an old idea for obfuscating the metadata of data packets at the transport network layer with a crypto inspired reputation and incentive mechanism to drive the required quality of service and support a resilient, decentralized infrastructure."
Flashpoint has received a majority growth investment from Audax Private Equity. Flashpoint says it "will utilize the investment to accelerate its innovative product roadmap and provide deeper and more personalized support to its customers and partners."
Mountain View, California-based hardware security company Kameleon Security has received an investment from Xilinx, Inc, with participation from existing investors State of Mind Ventures and J-Ventures. The amount of the funding wasn't disclosed.