At a glance.
- Veritas Capital will acquire Perspecta.
- HelpSystems makes two acquisitions.
- Rapid7 acquires Alcide.
Mergers and acquisitions.
Peraton, a Veritas Capital portfolio company formed from the government IT business of Harris Corporation, is acquiring Virginia-based defense contractor Perspecta for $7.1 billion. Perspecta says "[t]he combination will create a leading government technology provider that delivers end-to-end capabilities in IT and mission support and serves as the strategic partner of choice across a diverse array of U.S. government customers." Veritas is also acquiring Northrop Grumman's Federal IT and mission support business for $3.4 billion and merging it with Peraton. Washington Technology notes that "[a] combined Perspecta-Peraton-Northrop IT entity would have between $7.5 billion and $8 billion in annual revenue."
Eden Prairie, Minnesota-based IT management software provider HelpSystems has acquired San Antonio, Texas-headquartered Digital Defense, a company whose platform provides "penetration testing, employee training, cybersecurity defense, enterprise risk assessment, and physical security testing." HelpSystems stated, "As part of HelpSystems' cybersecurity portfolio, Digital Defense joins Core Security and Cobalt Strike to establish a comprehensive, best-in-class security assessment toolkit."
HelpSystems also acquired FileCatalyst, an enterprise file transfer acceleration provider based in Ottawa, Canada. HelpSystems CEO Kate Bolseth stated, "Our customers and partners have expressed a growing need to move significant volumes of data more quickly than ever before, and FileCatalyst addresses this problem effectively for many well-known organizations. FileCatalyst is an excellent addition to our managed file transfer and robotic process automation offerings, and we are pleased to bring the FileCatalyst team and their strong file acceleration knowledge into the global HelpSystems family."
Boston-based security data and analytics company Rapid7 has acquired Israeli Kubernetes security startup Alcide for approximately $50 million, Geektime reports. Rapid7's Senior Vice President of Cloud Security Brian Johnson stated, "By bringing together Alcide’s [cloud workload protection platform] capabilities with our existing posture management (CSPM) and infrastructure entitlements (CIEM) capabilities, we will be able to provide our customers with a cloud-native security platform that enables them to manage risk and compliance across their entire cloud environment."
Business advisory firm Aprio has acquired cybersecurity consultancy Syzygy Solutions and Syzygy's IT staffing firm Velossent. All three companies are based in Atlanta, Georgia. Aprio stated, "Syzygy Solutions has been an Aprio client since 2014, during which time the founders grew to know Aprio as an organization with a like-minded culture and values. Syzygy and Velossent’s founders and managing partners - Mitch Nelson, CEO, Jeff Kramer, COO and Scott Sarris, CIO - will join Aprio as Managing Directors of Digital Transformation Advisory Services. Mitch Nelson will also serve as Managing Director of Aprio Talent Solutions."
NuWave Solutions and PCI Strategic Management, both portfolio companies of AE Industrial Partners, have merged to form BigBear.ai, a Maryland-based company that will provide "a comprehensive suite of solutions including artificial intelligence and machine learning, data science, advanced analytics, offensive and defensive cyber, data management, cloud solutions, digital engineering, and systems integration." The company stated, "BigBear.ai will be led by CEO Dr. Reggie Brothers, formerly CEO of NuWave, and Vice Chairman and Chief Strategy Officer Sean Battle, formerly Co-Founder and CEO of PCI." Dr. Brothers also formerly served as Deputy Assistant Secretary of Defense for Research.
San Francisco-based TPG Capital will acquire a majority stake in Santa Clara-based privileged access management company Centrify from Thoma Bravo. As part of the transaction, Art Gilliland, formerly Head of Symantec Enterprise, will replace Flint Brenton as Centrify's CEO. Brenton "will continue to support the company during the closing period, after which he will shift his focus to new opportunities." Tim Millikin, Partner at TPG Capital, stated, "We believe PAM is one of the most important and strategic sub-sectors of security software, and Centrify is a clear market leader in this space – serving more than half of the Fortune 100. We want to thank Flint for all he has done to position the company for ongoing success and look forward to building on this strong momentum in partnership with Art and the rest of the Centrify management team."
Akamai has agreed to acquire Montreal-based IoT security company Inverse. The company says "[t]he acquisition is intended to enhance Akamai's enterprise security capabilities and expand its portfolio of zero trust and secure access service edge solutions for IoT."
SharePoint data security company Cipherpoint has agreed to acquire managed security service provider Brace168. Both companies are based in Sydney, Australia. Cipherpoint Chairman Ted Pretty stated, "Our focus has been to acquire a business with a strong and complementary platform, and which has an attractive organic growth trajectory. Acquiring Brace168 gives CPT the ability to compete aggressively in the market. In my opinion, it enables CPT to scale with an integrated offering and will be a more attractive investment option than other cyberconsulting rollups underway in the market."
French IT services firm Atos is acquiring Canadian cybersecurity consultancy In Fidem, bringing its "network of more than 100 highly skilled specialists to the Atos cybersecurity team." Pierre Barnabé, Atos's Senior Executive Vice-President, Head of Big Data & Cybersecurity, stated, "This acquisition reinforces our position in a fast-growing cybersecurity market and is a key addition to our current cybersecurity business in North America."
IT solutions provider GMI has acquired cybersecurity services firm Alagen, AZ Big Media reports. Both companies are headquartered in Phoenix, Arizona. Alagen's CEO Gregg Davis (now GMI's Senior Vice President of Delivery) stated, "Integrating our security services into a wider technology offering was the next step in our evolution. GMI’s like-minded commitment to its customers’ success and ability to deliver across the spectrum of technology services made it the perfect fit for the Alagen team." The acquisition will create 200 technology jobs in Phoenix over the next year.
Maryland-headquartered defense contractor IntelliGenesis has acquired Illinois-based cyber-physical security company Cybati. IntelliGenesis says the "acquisition will enable IntelliGenesis to expand and further defend national security missions across U.S. Government agencies such as the Department of Defense (DoD), Department of Energy (DoE), and commercial markets."
Boston-based identity security company Sontiq will acquire Scottsdale, Arizona-based cybersecurity consultancy CyberScout. Sontiq stated, "By acquiring Cyberscout, Sontiq will further build upon its world-class product platform and expand into the insurance industry with cyber solutions and forensic investigation products and services."
German IT security provider Link11 has acquired Vancouver-based DDoS protection firm DOSarrest. Link11 stated, "The acquisition of DOSarrest strengthens and extends Link11’s security services infrastructure and customer base in Europe, North America, and Asia. DOSarrest’s customer base includes well-known companies and brands from the finance, government, utilities, gaming, ITC, and online retail sectors. The company's headquarters in Vancouver will also be acquired, supplementing the company's local presence."
WebARX, a web application security platform provider, has acquired WordPress security company ThreatPress. Both companies are based in London. WebARX said, in a statement, that the "ThreatPress vulnerability database will remain a free source to get all the latest information about WordPress plugin, theme, and core vulnerabilities. Developers are welcome to use the free API to access vulnerability data and incorporate it into their security tools and services."
Investments and exits.
Kirkland, Washington-based endpoint security company Tanium says it's "completed the sale of $150 million in common stock to the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP)." Tanium's CEO Orion Hindawi stated, "This investment from a savvy and highly strategic investor like TIP underlines the huge market opportunity around endpoint management and security and provides us with a thoughtful partner that shares our commitment to helping customers of all shapes and sizes manage and secure their operations."
London-based behavioral security platform provider CybSafe has secured $7.9 million in Series A funding from Hanover Digital Investments (HDI) GmbH and B8 Ventures, TechCrunch reports. TechCrunch says the company will use the funding "to focus on expanding its enterprise and midmarket client base."
Sunnyvale, California-based security awareness training company SecurityAdvisor has raised $7.3 million in a Series A round led by ClearSky Security, with participation from Crosslink Capital, SixThirty Ventures, and Cyber Mentor Fund. SecurityAdvisor says it "will use the capital to support product development and drive market awareness of its innovative offering amongst enterprise security leaders."
Trinity Cyber has received an investment from Ron and Cyndi Gula, and Ron Gula has joined the company's board. Trinity has also added Michael Sikorski, founder and leader of the FireEye Labs Advanced Reverse Engineering (FLARE) team, to its advisory board.
Jeff Bezos plans to step down as Amazon's CEO later this year, CNET reports, though he'll remain as executive chairman. Andy Jassy, currently head of AWS, will take over as CEO.
Sky News reports that Darktrace's chairman Robert Webb is stepping down. A Darktrace spokesperson told the publication, "Last year at the age of 72, Rob informed the board of his intention to retire, having served as chairman since 2014. As part of reorganising Darktrace for the next stage of growth, there is a process underway to transition to a successor, which is near completion."
Facebook has hired Henry Moniz as its first Chief Compliance Officer, Reuters reports. Moniz previously served as Chief Compliance Officer and Chief Audit Executive at ViacomCBS.
Precisely has hired Sue Bergamo as CISO, Pat Collins as Chief Financial Officer, and Anjan Kundavaram as Chief Product Officer. Bergamo previously served as CIO and CISO at Episerver; Collins was formerly CFO of North American sales at Dell EMC; Kundavaram was most recently Vice President and General Manager at Hitachi Vantara.
Novetta has hired Todd Massengill as Vice President of Emerging Technologies in the company's Information Exploitation Division. Massengill most recently served as Senior Military Assistant to the US Under Secretary of Defense for Intelligence & Security.
LookingGlass has added William P. Crowell to its advisory board. Crowell has previously served as "Deputy Director of Operations at NSA, Chairman of the Director of National Intelligence (DNI) Senior Advisory Group, and as a member of the Department of Homeland Security (DHS) Science and Technology Advisory Board."
Paul Ruinaard, Nutanix's sales manager for Sub-Saharan Africa, has transitioned to Splunk as a Regional Sales Manager, ITWeb reports. He'll be replaced at Nutanix by Rowan Grierson, formerly Nutanix's sales director for West, East, and Central Africa.