At a glance.
- Siemens buying Brightly Software for $1.58 billion.
- Normalyze raises $22.2 million in funding.
- Netskope awarded first ever Secure Access Service Edge (SASE) U.S. Federal Civilian Government contract in history.
Mergers and acquisitions.
Siemens is buying North Carolina-based software company Brightly Software for $1.58 billion. The company said the purchase was made to expand Siemens’ offering in the area of Software-as-a-Service (SaaS). In a statement, Siemens CEO Roland Busch said, "Today's acquisition bolsters our growth targets, especially for digital revenue and software as a service.”
IT management software provider Kaseya has finalized its acquisition of managed service provider (MSP) Datto. CEO of Kaseya, Fred Voccola, says that the company is prepared to make the merger a success, with plans to retain Datto’s top executives and other key management people, gradually combine the account management team, increase investment in R&D, and take advantage of Datto product lines.
Tech giant Johnson Controls has acquired Seattle-based Tempered Networks, a zero-trust cybersecurity provider. Vijay Sankaran, Vice President and CTO of Johnson Controls says, “When it comes to buildings, we must create easily-implementable cybersecurity defenses as we’re often dealing with critical infrastructure, including assets such as data centers and hospitals. Tempered Networks Airwall approach is purpose-built for our sector as it’s designed around principles of zero trust, securing device communications as data moves between devices and the cloud – so enabling remote building optimization in the most trusted way possible.”
Israeli cybersecurity company XM Cyber is acquiring another Israeli startup, Cyber Observer. The cost of the deal has not been revealed, but is estimated to be around $30 million. XM Cyber plans to expand its cyber risk management platform with Cyber Observer’s controls monitoring.
AdventOne, a Melbourne-based IT service provider, has acquired networks and IP telephony consultancy Layer 8 Networks. AdventOne CEO Jon Ossip says, “Our vision is to be a leader of hybrid cloud provisioning which includes having expertise across infrastructure, automation, cloud architecture and network security.”
Mountain View, California-based Synopsys has completed their acquisition of application security Software-as-a-Service (SaaS) company WhiteHat Security. The company says the acquisition of WhiteHat “provides significant SaaS capabilities and market-segment-leading dynamic application security testing (DAST) technology to strengthen one of the industry's broadest application security testing portfolios.”
Investments and exits.
San Francisco-based data-first cloud security platform Normalyze has raised $22.2 million in Series A funding, co-led by Lightspeed Venture Partners and Battery Ventures. The company describes itself as an “agentless platform that helps organizations better manage sensitive data—and attack paths to it —in today’s complex, multi-cloud environments, protecting customers from large and damaging data breaches.”
ConductorOne, a Portland, Oregon-based company specializing in automated identity security and compliance, has raised $15 million in Series A funding, led by Accel, with participation from existing investors Fuel Capital, Fathom Capital, and Active Capital, and contributions from new investors, including Garuda Ventures, Peter McKay & Guy Podjarny of Snyk, Cristina Cacioppo, CEO of Vanta, and Jack Naglieri, CEO of Panther Labs.
Offensive cybersecurity startup Hadrian, headquartered in Amsterdam, has raised €10.5 million in seed funding, led by HV Capital, with contributions from Picus Capital, Slimmer.AI, and angel investors. The company says they plan to use the funding to hire hackers and developers, as well as sales specialists, to drive scale and ready for expansion to the US.
Infrastructure-as-code (IaC) company oak9 has raised $8 million in additional funding, led by Menlo Ventures, with participation from new investors Cisco Investments and Morgan Stanley’s Next Level Fund, with a tripled investment from HPA. The company says the funding will be used to “grow [its] free Community Edition and help launch a next-gen Security as Code offering to make cloud native security more accessible.”
Global cybersecurity, AI and IoT company WISeKey is divesting its 51% controlling interest in arago to OGARA. The transfer does not affect WISeKey’s right to the purchase price, expected in Q3 2022, but will allow the company the ability to move ahead with its strategic vision to refocus on the core business.
Netskope has been awarded the first-ever Secure Access Service Edge (SASE) U.S. Federal Civilian Government contract in history, the company reports. The contract was awarded through SEWP Prime Anacapa Micro and distributor Merlin Cyber, and is led by the United States Patent and Trademark Office (USPTO), and is significant, as it marks the end of traditional, perimeter-based approaches to security. The USPTO is looking to achieve these goals with SASE:
- “Enable broadband conferences to large audiences of teleworkers"
- "Facilitate the adoption of agency-sanctioned cloud-based solutions by increasing performance and eliminating reliance upon USPTO bandwidth"
- "Support the creation and enforcement of USPTO security policies when accessing cloud-based solutions and protect agency assets from the evolving threat landscape"
- "Reduce complexity by using one vendor for Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), and Zero Trust Network Access (ZTNA) as a service”