At a glance.
- Deloitte acquires Root9B.
- Axiad raises $20 million.
- CloudSphere appoints Jane Gilson as CEO.
Mergers and acquisitions.
Colorado Springs companies are acquired. Deloitte has acquired the Colorado Springs-based threat hunting firm Root9B (R9B). Deloitte stated that "[t]he deal will bolster Deloitte’s existing Detect and Respond cyber client offering with R9B’s deeply experienced cyber operations professionals and its award-winning threat-hunting and risk assessment solutions."
Utah-based IT services and security provider Ivanti has also agreed to acquire another Colorado Springs-based IT service management software provider, Cherwell Software. The company stated, "Ivanti is acquiring Cherwell to expand the reach of its Neurons platform, providing end-to-end service and asset management from IT to lines of business and from every endpoint to the IoT edge. Ivanti will continue to maintain and invest in both Cherwell and Ivanti service management platforms while working to converge the best aspects of each."
And a third acquisition is staying in-state. Boulder, Colorado-based cybersecurity compliance and risk assessment firm Gigit has finalized its acquisition of Peak InfoSec, a cybersecurity consultancy headquartered in Colorado Springs. Gigit stated, "Peak InfoSec will act as a wholly-owned subsidiary of Gigit, providing Cybersecurity Maturity Model Certification (CMMC) Third-Party Assessor Organization (C3PAO) conformity assessments to Gigit's clients that are part of the Defense Industrial Base."
Minneapolis-based digital identity and payment security firm Entrust has acquired HyTrust, a data encryption, key management, and cloud security company headquartered in Mountain View, California. Entrust's press release states, "Entrust and HyTrust have partnered on joint solutions that combine Entrust nShield® hardware security modules (HSMs) with HyTrust DataControl and KeyControl cryptographic key management servers (KMS). The joint solutions centralize and automate cryptographic key management, enabling enterprises to consistently generate and control encryption key lifecycles at scale. With this acquisition, Entrust plans to accelerate security and compliance solutions for on-premise, hybrid, virtualized and multi-cloud environments."
London-headquartered IT services firm Charterhouse Voice and Data has acquired Cambridgeshire-based managed cybersecurity services provider Pentesec, UC Today reports. Charterhouse CEO Mark Brooks-Wadham told UC Today, "Within the next six months we’ll have our own, in-house, 24/7 SOC and Pentesec will form the backbone of that."
Investments and exits.
Santa Clara-California-based passwordless authentication platform provider Axiad has raised $20 million in growth financing from Invictus Growth Partners. The company stated, "The proceeds of the financing will be used to accelerate sales, marketing and development of its cutting edge multi-factor authentication platform, which protects more than 2.5 million enterprise credentials for hundreds of global customers. Invictus Co-founders and Managing Partners, John DeLoche and William Nettles, will join Axiad's board."
Valtix, a cloud-native network security platform provider based in Santa Clara, California, has secured $12.5 million in strategic funding from Cisco Investments, Northgate Capital, and The Syndicate Group. The company stated, "The new capital will be used to accelerate the company's go-to-market strategy that will help Valtix scale in 2021. Valtix will also leverage extensive channel relationships in partnership with The Syndicate Group (TSG), a boutique venture capital firm with deep channel relationships across an extensive network of VARs, integrators and consultancies."
Mission Secure, an ICS cybersecurity company headquartered in Charlottesville, Virginia, has raised $5.6 million in a Series B round led by IREON Ventures, Energy Innovation Capital, and Blue Bear Capital Partners, with participation from Chevron Technology Ventures and the University of Virginia LVG Seed Fund. The company says it "will use the new funding to advance the innovative technologies in its patented cyber-protection platform and to recruit additional ICS cybersecurity experts to support 24/7 managed services for its expanding global customer base in oil and gas, chemicals, maritime, manufacturing, smart cities, and defense organizations."
Israeli cloud-native and Kubernetes security startup ARMO has emerged from stealth with $4.5 million in seed funding from Pitango First. ARMO says it "plans to use the funds to expand its go-to-market efforts and commercial offering of its technology."
SpiderSilk, an advanced threat detection startup based in Dubai, has secured $2.25 million in a pre-Series A funding round led by Global Ventures and STV, Gulf Business reports. Gulf Business says the investment will be used "to expand spiderSilk’s geographic footprint across the MENA region, and establish a presence in North America."
VentureIsrael, OurCrowd, and Labs/02 have invested an undisclosed amount in Jerusalem-based quantum cryptographic software startup QuantLR. The company says the funding "will be used to continue R&D, as well as to begin commercialization of the QuantLR's technology."
Dashlane co-founder Emmanuel Schalit is stepping down as CEO of the company, TechCrunch reports, to be replaced by JD Sherman, former COO of HubSpot. Sherman stated that the move "is about thinking about its next leg of our scaling strategy, more B2B monetization after being strong in B2C."
Limelight Networks has appointed Bob Lyons as its new CEO, effective February 1st, StreetInsider reports. Lyons was previously CEO of Alert Logic. Limelight's current President and CEO, Bob Lento, is retiring.
Fortinet has hired Andrew Sheedy as Director of Operational Technology Solutions for Australia and New Zealand, CRN reports. Sheedy previously served as Information Security Manager at Speedcast Managed Services.
Phillip "Jack" London, executive chairman and former CEO of CACI International, has died of natural causes at 83, the Washington Business Journal reports. CACI's board has elected Michael Daniels as its new chairman. Washington Technology quotes Daniels as stating, "Jack was a strong and determined leader who built CACI from a small company to a major multi-billion dollar force in our government contracting industry."