At a glance.
- Proofpoint acquires InteliSecure.
- Plume secures $270 million in Series E round.
- PerimeterX raises $57 million.
Mergers and acquisitions.
Sunnyvale, California-based email security firm Proofpoint will acquire Colorado-headquartered data protection company InteliSecure for $62.5 million in cash, with the acquisition expected to close in March 2021. Proofpoint stated, "The acquisition of InteliSecure will add approximately 150 employees to Proofpoint’s growing global team and will boost Proofpoint’s ability to support its robust channel partner ecosystem’s service delivery and increase partners’ competitiveness by providing processes and experience from working with multiple vendors."
Austin, Texas-based cloud identity management company SailPoint has acquired Intello, an SaaS management startup headquartered in New York City. Intello's CEO and co-founder Barak Kaufman stated, "As part of the SailPoint crew, we’ll help to build the future of identity security, combining Intello’s SaaS discovery and insights with SailPoint’s leading identity security platform."
French IT consulting company Atos has acquired Netherlands-based managed security services provider Motiv ICT Security. Atos stated, "This move reinforces Atos’s position as the 3rd worldwide Managed Security Services provider1 by strengthening the Group’s local capabilities and bringing its recent investment in the Managed Detection and Response (MDR) platform, AIsaac, to Dutch customers. In addition, Motiv’s sovereign Security Operations Center (SOC), independently certified at the highest levels of maturity, further expands Atos’s extensive network of global SOCs, a pivotal component of the Atos Prescriptive Security approach."
Irish MSP security company Kaseya has acquired Dallas, Texas-based MDR and SOC provider RocketCyber. Kaseya stated, "RocketCyber will continue to operate as an independent business within Kaseya, led by Banzhof in Dallas, Texas. Kaseya’s state-of-the-art SOCs will be located in Dallas, TX, Miami, FL and Dublin, Ireland. Additional integrations across the IT Complete suite are in development between RocketCyber and ID Agent Dark Web ID, IT Glue, Graphus and RapidFire Tools."
Dell Technologies Chairman and CEO Michael Dell has formed a special purpose acquisition company (SPAC) dubbed "MSD Acquisition Corp.," CRN reports, and is seeking to raise $575 million through an IPO.
Investments and exits.
Palo Alto, California-based smart home SaaS startup Plume has secured $270 million in a Series E round led by Insight Partners, Crunchbase News reports. The round brings the company's valuation to $1.35 billion. Crunchbase says Plume "plans to use the new funding to earn more customers by focusing on partnerships in the service provider ecosystem and investing in research and development."
PerimeterX, a web and mobile application protection firm based in San Mateo, California, has raised $57 million in a Series D round led by AllianceBernstein, with participation from Stereo Capital, JS Capital, and Golden Arc Capital, and existing investors Adams Street Partners, Canaan Partners, DTCP, Scale Venture Partners, and Vertex Ventures US. PerimeterX CEO Omri Iluz stated that the funding round "gives us the runway to extend our market reach beyond our core retail e-commerce vertical into new industries where we see strong uptake such as financial services. And it enables us to further develop geographies where we have a foothold including EMEA and APAC."
Hoboken, New Jersey-based data access governance provider SPHERE has secured $10 million in a Series A round "led by ForgePoint Capital with participation from security leaders including Omkhar Arasaratnam (former Executive Director, Head of Data Protection Technology at JPMorgan Chase); Joel Caminer (former Global Head of Technology Risk Management and Information Security at TD Securities); Adnane Charchour (former President & CEO at Scivantage) and Sounil Yu (former Chief Security Scientist at Bank of America)." The company stated, "The capital will be used to expand the scope of the company's existing capabilities, with an emphasis on cloud platforms such as Office 365. To add, the company is expanding their managed service operations, including its purpose-built automation platform, SPHEREboard, along with targeted SME's across the SPHERExperts team."
Mirato, an Israeli company that provides a platform for managing third-party risks, has raised $9 million in a funding round led by Grove Ventures and Janvest Capital Partners, with participation from American Express Ventures and iAngels. Mirato's CEO and co-founder Aki Eldar stated, "This funding will enable us to accelerate our efforts and further develop the technology and company through recruitments in R&D, sales and marketing."
Tel Aviv-based DevSecOps company Spectral has emerged from stealth with $6.2 million from Amiti and MizMaa. The company stated, "Founded in mid-2020, Spectral has a team of 15, and already protects millions of lines of code for a significant base of customers, including publicly-listed companies."
Lacework has appointed Dave Hatfield as CEO. The company's former CEO Dan Hubbard will serve as Lacework's Chief Product Officer. Hatfield previously served as President and Vice-Chairman of Pure Storage.
ManTech International has hired Steven Oh as Vice President of Mission and Enterprise IT, according to GovCon Wire. Oh previously served as technology director of the intelligence and homeland division within General Dynamics' IT business.
Cybereason has appointed Abigail Maines as Vice President of Commercial and Channel Sales for North America, Stephan Tallent as Vice President of Managed Security Services Providers, North America, and Ahmed Saleh as Vice President of Incident Response Services. Maines previously led Channel Sales in North America for Check Point; Tallent was previously a Senior Director of MSSP at Fortinet; Saleh previously ran the Content and Information Security team at Amazon Studios.
1Kosmos has named Mike McConnell, Patrick Gorman, and Peter Carroll to its advisory board. McConnell currently serves as a senior executive advisor for Booz Allen Hamilton. Gorman is an Executive Vice President in Booz Allen Hamilton's cybersecurity business unit. Carroll is a partner at Oliver Wyman.