At a glance.
- F5 to acquire Threat Stack.
- Saviynt secures $130 million.
- Rewind raises $65 million in Series B round.
Mergers and acquisitions.
Seattle-based application delivery networking provider F5 will acquire Boston-headquartered cloud security and workload protection company Threat Stack for $68 million. The company stated, "F5’s application and API protection solutions combined with Threat Stack’s cloud security capabilities and expertise will enhance visibility across application infrastructure and workloads, making it easier for customers to adopt consistent security in any cloud."
Canberra-based secure collaboration platform provider archTIS has acquired "select assets including customers, technology, and the European operations" of Sydney-based Cipherpoint. The company stated, "The newly acquired software division includes the intellectual property to cp.Protect, an advanced SharePoint on-premises data encryption solution, as well as cp.Discover, a data discovery and classification platform. Both products complement archTIS’ NC Protect solutions. Existing cp.Protect and cp.Discover customers include DHL, Bank of Finland, California State University, Arthur J Gallagher, US DARPA, Singapore Power, Singapore Tote and Acronym Media. Cipherpoint reseller NTT Data will continue to provide an ongoing sales channel for the cp products in Germany, Austria, Switzerland and Singapore regions."
Sydney-headquartered secure network and digital infrastructure provider Orro has acquired Melbourne-based managed security services provider eSecure. Orro's CEO Rodd Cunico stated, "Orro’s investment will help us further expand our security business, with managed detection and response (CSOC services), assurance testing, security incident response and threat and vulnerability management services sitting alongside our existing network, governance and managed security services. We look forward to providing a wide range of secure network and cloud solutions, as well as a new cybersecurity presence in Australia."
Vienna, Virginia-based IT services and cybersecurity firm Criterion Systems has acquired Reston, Virginia-headquartered Protas Solutions. Criterion Systems said, in its announcement of the acquisition, "Protas employees have joined Criterion’s Intelligence Solutions (IS) business unit, which focuses on providing systems integration, software engineering, and cyber operations-focused services to current and future customers. Protas CEO William Monas has become a Criterion Vice President, responsible for business development for the IS business unit, and Protas President and CTO, Anthony Monas, has taken a position as a Vice President, responsible for solutions and intellectual capital development."
Microsoft identity security provider Avaleris, based in Ottawa, has been acquired by PwC Canada, MSSP Alert reports. Avaleris CEO Ron MacDonell stated, "Our team of talented and innovative cybersecurity professionals are thrilled to join the PwC team and take on new challenges and opportunities for growth. Given the strong alignment of our culture and values, PwC clients will continue to benefit from the innovations and unparalleled capabilities they have come to expect." The acquisition is seen as a further expansion of PwC's cyber capabilities.
Investments and exits.
Los Angeles-based zero-trust identity management company Saviynt has secured $130 million in funding from HPS Investment Partners and PNC Bank. The company says it "will use the additional resources to meet the increasing demand for its cloud-based identity solution by significantly growing its investments in R&D and personnel."
Ottawa-based cloud backup company Rewind has raised $65 million in a Series B round led by Insight Partners, with participation from Bessemer Venture Partners, FundFire, Inovia Capital, Ridge Ventures, ScaleUp Ventures, Union Ventures, and Atlassian Ventures. The company stated, "The latest infusion of capital will help Rewind speed its product development pipeline so it can deliver data protection solutions for more business-critical SaaS applications as the threat of data breaches, user errors, cyberattacks, and ransomware continues to escalate."
Boston-based endpoint security platform provider Kolide has raised $17 million in a Series B round led by OpenView Partners, with participation from existing investor Matrix Partners. The company stated, "This latest funding round will go towards fueling the growth and expansion of Kolide's go-to market strategy, and hiring additional engineers and product staff to expand the product's capabilities."
Microsoft has hired Charlie Bell, former Senior Vice President at AWS, as a corporate vice president, CNBC reports. Bell stated on LinkedIn that he'll be "leading a newly formed engineering organization: Security, Compliance, Identity, and Management."