At a glance.
- Flashpoint acquires Risk Based Security.
- iProov raises $70 million.
- Signal's CEO steps down, naming Brian Acton as interim CEO.
Mergers and acquisitions.
New York City-headquartered threat intelligence firm Flashpoint has acquired Richmond, Virginia-based Risk Based Security (RBS), a company that provides data breach intelligence and vendor risk ratings. Flashpoint stated, "The integration of RBS’s collections and technology into the Flashpoint platform offers a wide range of cybersecurity practitioners—including cyber threat intelligence (CTI), vulnerability management, DevSecOps, and vendor risk management teams—the contextual threat intelligence and automation they need to detect, prioritize, and thwart emerging cyber risks rapidly and holistically."
Sunnyvale, California-based Proofpoint has completed its acquisition of Singapore-headquartered data protection company Dathena. Proofpoint said of the transaction, "The acquisition of Dathena reinforces Proofpoint’s commitment to innovation and growth as a private company and increases its presence and investment in Asia. The integration allows Proofpoint to fully migrate customers of legacy DLP suites with data at rest requirements and extends the existing integration with Microsoft Information Protection."
Scottsdale, Arizona-based cybersecurity consultancy Cerberus Sentinel has acquired True Digital Security, a cybersecurity compliance company with offices in Oklahoma, New York, and Florida. Rory Sanchez, CEO of True Digital Security, said, "This move will enable us to jointly accelerate the roll-out of our industry disruptive TrueSpeed platform, and continue strengthening our premiere managed compliance and cybersecurity services on a global scale."
North Carolina-based managed detection and response provider SilverSky has acquired Massachusetts-headquartered cybersecurity-as-a-service firm Cygilant. SilverSky stated, "The addition of Cygilant's UK-based delivery center complements the current SilverSky footprint in Asia and North America while expanding SilverSky's access to European markets."
Investments and exits.
London-based biometric authentication firm iProov has raised $70 million in a growth investment round from Sumeru Equity Partners. The company stated, "iProov will use the new capital from Sumeru to rapidly build on its leadership in the United States and expand its international customer base, accelerate the growth of its global partner network, and maintain its position at the forefront of technology innovation while hiring top-quality staff worldwide."
Israeli cloud data security company Eureka has raised $8 million in a seed funding round led by YL Ventures. VentureBeat says the company "plans to spend the capital on hiring, sales, and product development efforts."
ReadyWorks, a New York-headquartered digital platform conductor that uses AI for IT infrastructure transformation, has raised $8 million in a Series A round led by Credit Suisse Asset Management's NEXT Investors. The company stated, "With this investment, ReadyWorks will expand its technology platform to help enterprises accelerate their digital transformation efforts in response to pandemic-driven disruptions that continue to create global workforce challenges amid increasingly distributed operations. A pioneer in the DPC space, ReadyWorks will accelerate its go-to-market strategy to enable businesses to drive IT infrastructure transformation while managing risk and maintaining business continuity."
Signal's CEO Moxie Marlinspike is stepping down, Business Insider reports. Brian Acton, co-founder of WhatsApp and a member of the Signal Foundation board, will serve as interim CEO. Marlinspike stated in a blog post, "[A]fter a decade or more, it’s difficult to overstate how important Signal is to me, but I now feel very comfortable replacing myself as CEO based on the team we have, and also believe that it is an important step for expanding on Signal’s success. I’ve been talking with candidates over the last few months, but want to open up the search with this announcement in order to help find the best person for the next decade of Signal. Please get in touch if that might be you! I will continue to remain on the Signal board, committed to helping manifest Signal’s mission from that role, and I will be transitioning out as CEO over the next month in order to focus on the candidate search."
NeoSystems has appointed Susan Mitchell as Chief Financial Officer and Brad Wolf as Senior Vice President of IT Operations. Mitchell was previously NeoSystems's Vice President of Professional Services for ERP Systems, and Wolf most recently served as Nuspire's Vice President of Technical Delivery.