At a glance.
- TransUnion acquires Neustar for $3.1 billion.
- Claroty secures $400 million and acquires Medigate.
Mergers and acquisitions.
TransUnion has acquired Reston, Virginia-based application and network security company Neustar Security Services from a private investment group led by Golden Gate Capital for $3.1 billion. TransUnion's president and CEO Chris Cartwright stated, "We look forward to beginning a smooth integration of the two businesses. As digital commerce continues to grow globally, we’re confident that TransUnion's powerful digital identity assets, augmented by Neustar's distinctive talent, data, digital resolution capabilities, and products and services will extend trust among consumers and businesses and enhance our position as a global information and insights company."
Neustar has also appointed Brian McCann, formerly the president of Neustar's Security business, as the company's new CEO. McCann stated, "Through the successful execution of its multi-year transformation strategy, Neustar Security Services has established a highly scalable, fully cloud-delivered platform with capacity to support multiple mission-critical security services with the highest service and performance in the industry. Our core DNS, DDoS and application security services provide the industry’s best combination of performance, availability, and security for any enterprise. The Neustar Security Services team will remain focused on delivering reliability and demonstrating our commitment to always doing more for our customers while developing additional industry-leading services and further expanding our global reach."
Massachusetts-based email security provider Mimecast will be taken private through a $5.8 billion acquisition by Permira. Mimecast's chairman and CEO Peter Bauer stated, "Our team has done an outstanding job growing and expanding our relationships with customers and innovating our platform. Permira has a strong track record of collaboratively supporting companies’ growth ambitions and strategic goals, and we look forward to working together to further strengthen the cybersecurity and resilience of organizations around the world. This is a great outcome for our company and our shareholders."
Australian cybersecurity provider Tesserent has acquired Canberra-headquartered IT services firms Pearson Corporation and Claricent for a combined total of $33 million, CRN reports. CRN says "[t]he acquisitions will look to bolster Tesserent’s Federal Government business, with both companies to be integrated into subsidiary North Security."
Arizona-based cybersecurity consultancy Cerberus Sentinel has acquired Chile-based IT services company Arkavia Networks. The company stated, "Under terms of the agreement, Arkavia will become a wholly owned subsidiary of Cerberus Sentinel and will serve as the South American headquarters for the company located in Santiago, Chile. David Alfaro Medina, CEO of Arkavia, will continue to manage his team of professionals."
Palo Alto, California-based identity verification company Jumio is acquiring compliance and anti-fraud provider 4Stop. The company stated, "4Stop’s technology, when combined with Jumio’s award-winning solutions, will enable organizations to manage the entire customer identity lifecycle within a single, unified platform and will allow for rapid configuration and integration through one easy and intuitive API layer."
Deloitte has agreed to acquire Roswell, Georgia-based cloud consulting firm BIAS. Deloitte stated, "This acquisition complements Deloitte’s existing portfolio of Oracle cloud application and infrastructure capabilities — strengthening Deloitte’s market leader standing for end-to-end Oracle cloud transformation services. Acquiring the BIAS business also allows Deloitte to serve a broad portfolio of clients including emerging and enterprise businesses that require Oracle cloud migration services."
Reston, Virginia-based national security technology provider Acclaim Technical Services (ATS) has acquired Entegra Systems, a cyber technology provider headquartered in Hanover, Maryland. ATS stated, "This acquisition further enhances ATS' strategic expansion into technology to support its clients' objectives, building upon the acquisition of Global Consulting Services (2020) and Axis of Engineering (2019)."
Investments and exits.
New York-headquartered cyberphysical systems security provider Claroty has secured $400 million in a Series E round led by SoftBank Vision Fund 2 and existing investors Bessemer Venture Partners and Schneider Electric, with participation from existing investors ISTARI, Team8, and Standard Investments. The company has also acquired healthcare IoT security firm Medigate. Claroty's CEO Yaniv Vardi stated, "By combining Claroty and Medigate’s deep domain expertise and specialized technologies into a single platform, we will take a giant leap forward on our mission to secure the ever-expanding universe of XIoT for every connected organization."
San Francisco-based identity verification and authentication platform provider Incode has raised $220 million in a Series B round led by General Atlantic and SoftBank, with participation from J.P. Morgan, Capital One Ventures, and Coinbase Ventures. The funding brings the company's valuation to $1.25 billion. VentureBeat quotes Incode's CEO Ricardo Amper as saying, "The [new] funds will be used to accelerate Incode’s growth in Europe, the U.K., Middle East, United States, North America, and Latin America, and to aid in expanding its market-leading technology and engineering teams."
San Francisco-based security analytics platform provider Panther Labs has secured $120 million in a Series B round led by Coatue Management, with participation from ICONIQ Growth, Snowflake Ventures, and existing investors Lightspeed Venture Partners, S28 Capital, and Innovation Endeavors. The company says it "will invest the new influx of capital in accelerating product development, expanding adoption of their solution within security teams of any size, and scaling support and enablement for its customers." The funding brings Panther's valuation to $1.4 billion.
Palo Alto, California-based attack surface management firm CyCognito has raised $100 million in a Series C round led by The Westly Group, with participation from Thomvest Ventures, The Heritage Group, and existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures, and UpWest. According to VentureBeat, the funding "will be put toward further developing CyCognito’s platform and expanding the company’s workforce."
New York-headquartered blockchain security firm CertiK has raised $80 million in a Series B2 round led by Sequoia Capital China, with participation from existing investors Tiger Global, Coatue Management, and GL Ventures. According to Cointelegraph, "The cash infusion will be used by CertiK to further expand its product suite, especially in the software-as-a-service, or SaaS, market."
Mountain View, California-based log management company LogDNA has raised $50 million in a Series D round led by NightDragon, with participation from existing investors Emergence and Initialized Capital. The company stated, "The investment allows LogDNA to accelerate time to market for a new observability data pipeline solution, which will enable enterprises to ingest all of their data to a single platform, normalize it, and seamlessly route it to the appropriate teams, so they can take meaningful action quickly. The solution will be generally available in 2022. LogDNA will also continue rapidly expanding its team to support its growth and innovation, and it plans to expand its strategic partnerships to support more cloud and services providers, platforms, and technical integrations."
Portland, Oregon-based no-code security automation platform Torq has raised $50 million in a Series B round led by Insight Partners, with participation from SentinelOne and existing investors GGV Capital and Bessemer Venture Partners. The company says the "new funding will be used to further accelerate the company’s expansion to meet rapidly increasing demand from enterprise customers and managed security service providers."
Australian bot mitigation firm Kasada has raised $23 million in a Series C round led by StepStone Group, with participation from existing investors Ten Eleven Ventures, Main Sequence Ventures, Reinventure, Our Innovation Fund, and Turnbull & Partners. The company says it "plans to use the Series C funding to further accelerate its sales in the U.S., and grow its development, support, and marketing departments to capitalize on the increasing demand for its simple and effective approach."
Israeli SaaS security management firm Grip Security has raised $19 million in a Series A round led by Intel Capital, with participation from existing investor YL Ventures. The company stated, "With its latest funding round and a total of $25M in capital raised, Grip intends to triple its headcount in 2022 from 25 employees today to more than 75, accelerate product development and expand its go-to-market in the US."
Israeli IoT security firm Karamba Security has raised $10 million in an extension to its Series B round led by Vingroup, with participation from SVIC and existing investors YL Ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group, and Asgent. The company says it "will use the new funding to accelerate development of its product roadmap to meet customer demands to comply with newly created regulations such as UN R155 and ISO 21434 for automotive cybersecurity and the U.S. Executive Order on Improving the Nation’s Cybersecurity."