At a glance.
- Deloitte acquires aeCyberSolutions.
- OwnBackup raises $240 million.
- Arctic Wolf names new CEO.
Mergers and acquisitions.
Deloitte has acquired South Carolina-headquartered industrial cybersecurity company aeCyberSolutions from Applied Engineering Solutions, Inc. (aeSolutions). The company stated, "The deal will bolster Deloitte's existing cybersecurity offerings with the aeCyberSolutions business' well-tested frameworks, methodologies and technology-enabled tools for industrial control systems / operational technology (ICS/OT) security. The deal will also bring aeCyberSolutions' professionals, who have deep experience in industrial sector standards development and risk advisory services."
Arizona-headquartered endpoint security firm NortonLifeLock has confirmed that it will merge with Prague-based, London-traded antivirus company Avast for between $8.1 billion and $8.6 billion. NortonLifeLock stated, "The boards of NortonLifeLock and Avast believe that the merger has compelling strategic and financial rationale and represents an attractive opportunity to create a new, industry-leading consumer Cyber Safety business, leveraging the established brands, technology and innovation of both groups to deliver substantial benefits to consumers, shareholders, and other stakeholders."
Israeli application security testing company Checkmarx has acquired supply chain security firm Dustico. The company stated, "Through this acquisition, Checkmarx will combine its AST capabilities with Dustico’s behavioral analysis technology to give customers a unified view into the risk, reputation, and behavior of open source packages, resulting in a more comprehensive approach to preventing supply chain attacks."
UK-based Sophos has acquired Seattle-headquartered DevSecOps platform provider Refactr. The company stated, "Sophos is optimizing Refactr’s DevSecOps automation platform to add Security Orchestration Automation and Response (SOAR) capabilities to its Managed Threat Response (MTR) and Extended Detection and Response (XDR) solutions. The SOAR capabilities will also help automate Sophos’ Adaptive Cybersecurity Ecosystem, which underpins all of Sophos’ product solutions, services, threat intelligence, and data lake."
Foster City, California-based cloud security and compliance firm Qualys has agreed to acquire India-headquartered cloud workflow management and automation company TotalCloud. Qualys stated, "Upon closing, this acquisition will further strengthen Qualys' Cloud Security solution allowing customers to build user-defined workflows for custom policies and execute them on-demand for simplified security and compliance. To implement a workflow in a multi-cloud environment, users simply drag and drop componentized blocks to build any flow of actions to achieve a particular output, such as a compliance check or remediation."
Florida-headquartered cybersecurity training company HackerU has acquired New York-based cyber education company Cybint and rebranded itself as "ThriveDX." The company stated, "This acquisition not only grows HackerU's geographic footprint, but also expands and scales up the company's B2B offerings to reskill and upskill learners along all points in their career. It paves the way for the company's future growth as it works to join the ranks of education unicorns and rebrands itself as ThriveDX to put the spotlight on its core mission of helping prepare the workforce for digital transformation."
North Carolina-based privacy management provider Data443 Risk Mitigation will acquire ransomware protection firm Centurion Technologies. Data443 stated, "Centurion fits perfectly into our mission. Combined with our existing commercial offerings, there is a great fit with our open-source community organizations which are both commercial (over 8,000 now) and pure open-source (over 450,000). The patented technology, the additional pure EBIT and existing massive customer base, the staff and timing are perfect for Data443 as we continue to grow and gain velocity to our eventual senior market uplist."
Investments and exits.
New Jersey-headquartered cloud data protection company OwnBackup has raised $240 million in a Series E round "co-led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Existing investors Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures also participated." OwnBackup stated, "The company has cumulatively raised nearly $500 million, resulting in a $2 billion valuation increase in six months. OwnBackup also announced plans to expand its comprehensive backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft."
Email security firm Tessian has extended its Series C round with a strategic investment from Okta Ventures, Citi Ventures, and Sozo Ventures, bringing the round's total to $74 million. Tessian stated, "With the additional investment, Tessian will expand its platform’s capabilities beyond email, securing other interfaces like messaging, web and collaboration platforms from incidents of human error."
Israeli OT security firm SIGA has raised $8.1 million in a Series B round led by PureTerra Ventures, with participation from SIBF, Moore Capital, and Phoenix Contact, SecurityWeek reports. According to SecurityWeek, "SIGA says it plans on using the money to accelerate sales and strategic collaborations in North America, Europe, the Far East, and the United Arab Emirates."
Arctic Wolf has promoted its President and Chief Revenue Officer Nick Schneider to CEO. The company's co-founder and former CEO Brian NeSmith will serve as executive chairman of the company's board of directors. NeSmith stated, "Nick has an incredible track record of leading and growing successful technology companies, and I am confident that he is the best possible leader to usher the company into its next phase of growth and global expansion. I look forward to supporting him in my new role as we continue to execute on our strategy and break new records."