At a glance.
- Appgate merges with publicly traded company.
- SentinelOne acquires Scalyr.
- Armis raises $125 million.
Mergers and acquisitions.
Appgate, a zero-trust access management firm based in Miami, is merging with Newtown Lane Marketing. The company stated, " Upon consummation of the transaction, Appgate will become a public company with significant financial resources to accelerate growth, scale, and go-to-market strategies. Appgate also announced that a leading alternative investment manager with over $12.5 billion in assets under management is investing up to $100 million in convertible notes at a $1 billion post-money valuation."
Mountain View, California-based endpoint security company SentinelOne is acquiring Scalyr, a log management platform provider headquartered in San Mateo, for $155 million in equity and cash. SentinelOne's CEO and co-founder Tomer Weingarten stated, "Through our acquisition of Scalyr, SentinelOne is solving one of the industry’s biggest data challenges for delivering fully integrated XDR capabilities. Scalyr’s big data technology is perfect for the use cases of XDR, ingesting terabytes of data across multiple systems and correlating it at machine speed so security professionals have actionable intelligence to autonomously detect, respond, and mitigate threats."
Collibra, a data intelligence platform provider headquartered in Belgium, has acquired Maryland-based predictive data quality company OwlDQ. Collibra explained, "The integration of OwlDQ into the Collibra Data Intelligence Cloud introduces a new offering, Collibra Data Quality, which will allow organizations to centralize and automate data quality workflows to comply with global regulations and streamline their data and analytics processes across the enterprise."
Redwood City, California-based cloud content management provider Box will acquire SignRequest, a cloud-based e-signature company headquartered in Amsterdam. Box said it "also previewed Box Sign, an e-signature capability that will be developed on SignRequest’s technology and natively integrated into Box. Box Sign is expected to be included in Box business and enterprise plans, enabling customers to modernize the way they work and digitize important processes, while ensuring their agreements can be securely managed and governed in the Box content cloud."
Investments and exits.
Armis, an IoT security company based in Palo Alto, California, has raised $125 million in a funding round from Brookfield Technology Partners, the technology investing arm of Brookfield Asset Management, with participation from existing investors Insight Partners, CapitalG, and Georgian Capital. According to CRN, the funding round doubles Armis' valuation to $2 billion. The company stated that the investment "will fund an exciting backlog of new product development and expansion of the marketing and sales teams....Insight Partners will remain the majority owner, and Armis will continue to operate independently and will be fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and the executive team."
Israeli cybersecurity assessment and optimization firm CYE has raised $100 million in a funding round led by EQT, with participation from existing investor 83North. The company says the funding "will be used to continue CYE's hyper-growth in the global market."
Monte Carlo, a data reliability company headquartered in San Francisco, has raised $25 million in a Series B round led by Redpoint Ventures and GGV Capital, with participation from Accel. According to VentureBeat, the company will use the funding "to foster its community of users and further develop its data and analytics products as it looks to expand the size of its workforce."
Arlington, Virginia-based data privacy technology company WireWheel has secured $20 million in a Series B round led by ForgePoint Capital, with participation from existing investors New Enterprise Associates, Revolution's Rise of the Rest Fund, PSP Growth, Grotech Ventures, and Sands Capital Ventures. The company said of the investment, "The funding will enable WireWheel to speed its go-to-market plans and extend its Software-as-a-Service (SaaS) platform's leadership as the only solution built specifically for ease of use by privacy professionals and tailored to the needs of engineering and data governance teams. Andrew McClure of ForgePoint Capital will join WireWheel's board of directors."
San Francisco-based identity and access management company BeyondID has raised $9 million in a Series A round led by Tercera. The company's CEO and co-founder Arun Shrestha stated, "We are thrilled to partner with Tercera to expand our footprint in the Okta ecosystem and broaden our identity and cybersecurity offerings. Tercera's investment will help us meet the growing demand organizations have for more secure access to their critical data and higher performing cloud identity solutions."
Open-source security automation startup ProjectDiscovery has raised $1.7 million in a seed round led by SignalFire, Accel, Rain Capital, and other investors. The company stated, "We are lucky to have individual investors joining from the community to power our mission, Caleb Sima (VP Security Databricks), Gerhard Eschelbeck (former Google CISO), Michael Coates (former Twitter CISO), Jason Chan (Netflix CISO), Sacha Faust (Senior Manager Security Intelligence at Amazon) and many amazing others."
- "Space & Intelligence: This sector incorporates several new marquee programs coming in from the acquisition that will dramatically expand Peraton's footprint in key space and intelligence customer markets. It will be led by Roger Mason, previously president, Space, Intelligence & Cyber at Peraton.
- "Cyber Mission: This sector delivers full-spectrum cyber programs, information operations, and technical solutions that support intelligence, defense, and civil markets. It will be led by Tom Afferton, previously vice president, Defense & Intelligence at Northrop Grumman.
- "Global Defense & Security: This sector incorporates several new programs that deepen Peraton's ability to provide integrated technology solutions to our global defense customers and significantly expand the company's support to the Department of State and Department of Homeland Security. It will be led by John Coleman, previously president, Defense & Homeland Security at Peraton.
- "Civil & Health: This sector delivers advanced, mission-specific technology solutions for citizen and human services agencies, as well as military, civilian, state and local, and global health customers covering critical areas such as COVID-19, Medicare, and citizen-centric services. It will be led by Tarik Reyes, previously vice president, Civil & Health at Northrop Grumman."
Peraton has also hired Erik Buice as Chief Performance Officer, Chris Valentino as Chief Strategy Officer, and Laila Salguero as Chief Diversity, Equity, and Inclusion Officer.
FireEye has appointed Bryan Palma as Executive Vice President of FireEye Products. Palma previously served as Chief Operating Officer at BlackBerry. FireEye also promoted Luca Brandi to Channel Director for EMEA, Intelligent CIO reports. Brandi was previously FireEye's Channel Sales Leader, South Region, covering Cyprus, France, Greece, Italy, Iberia, Israel, Malta, and Turkey.
Binary Defense has hired Ian Kreitenstein as Vice President of Software Development. Kreitenstein was previously Vice President of Product Engineering at Wolters Kluwer. The company has also "promoted two of its leaders to the Vice President level. Randy Pargman is Vice President of Counterintelligence and Threat Hunting (previously Senior Director), and David White, previously Director of Marketing, is now Vice President of Marketing."
VMware's Director of Channels for Australia and New Zealand, Neels Du Plooy, has left the company, CRN reports. The company is searching for a replacement, and said it "wishes Neels the best in his future endeavours and thanks him for his commitment to our partners during his time with the business."
Ankura says Ted Theisen "has rejoined its Cyber Practice as a Senior Managing Director based in Washington, D.C." Theisen, formerly a special agent for the FBI, "spent the last two and a half years as the General Manager of one of Ankura’s clients, a technology start-up.
LookingGlass Cyber Solutions has appointed Dr. John Zangardi to its advisory board. Zangardi is a former Chief Information Officer for the US Department of Homeland Security, and currently serves as President of Redhorse Corporation.
Cambridge Quantum Computing (CQC) has added Dr. Stefano Pironio as Scientific Advisor for Quantum Cryptography. Pironio is currently an F.R.S.-FNRS Senior Research Associate at the Université Libre de Bruxelles.