At a glance.
- Recorded Future acquires Hatching.
- Coalition raises $250 million in Series F funding.
Mergers and acquisitions.
Intelligence company Recorded Future, headquartered in Boston, has acquired Netherlands-based malware analysis company Hatching. The company said of the acquisition, “With Hatching, Recorded Future extends its intelligence coverage with high-performance malware analysis, giving clients better visibility into active malware campaigns in the wild, improved attribution, and a critical edge against adversaries using malicious software to disrupt operations. The acquisition further delivers on Recorded Future’s strategy to provide the most comprehensive intelligence, empowering organizations to take fast, decisive action to deter and disrupt the adversary.”
Arizona-based security firm Cerberus Sentinel has acquired cybersecurity consulting and managed services firm CyberViking, located in Georgia and Oregon. “With the addition of CyberViking, we take a next step in expanding our international reach as well as broadening our expertise for our cybersecurity health care and industrial controls systems customers,” said David Jemmett, founder and CEO, Cerberus Sentinel.
Thales has acquired Netherlands-based customer identity and access management firm OneWelcome. Thales stated, "With this acquisition, Thales will offer a comprehensive Identity Platform that will allow organisations of all sizes to manage internal and external identities, enabling them to bring new businesses online fast, improving operational efficiency and customer experience along the way, while meeting or exceeding regulatory compliance."
Enterprise data privacy company Privitar has acquired data privacy regulation firm Kormoon. Both companies are based in London. Privitar stated, "Kormoon’s powerful technology will be used to extend the functionality of Privitar’s market-leading data privacy and provisioning offerings, adding new capabilities to quickly enable organizations to understand and comply with the rules governing data."
Investments and exits.
Cyber insurance and security provider Coalition, headquartered in San Francisco, has raised $250 million in Series F funding, with participation from Allianz X, Valor Equity Partners, Kinetic Partners, and other existing investors, putting the company’s valuation now at $5 billion. Joshua Motta, CEO and co-founder of Coalition, said, “Many organizations remain unprotected in the face of rising digital threats, and neither traditional insurance nor cybersecurity alone is well equipped to help them. Our active approach to underwriting, monitoring, and responding to digital risk has allowed Coalition to achieve market leading underwriting results while demonstrably reducing claims and losses for our customers so they can continue to thrive in the digital economy.”
Swimlane, a Denver-based security automation startup, has closed a $70 million Series C funding round, led by Activate Capital, with contributions from existing investors, Energy Impact Partners (EIP), and 3Lines Venture Capital. This round of funding brings the company’s total investments to $170 million. Swimlane plans on using the funding to accelerate growth and operations, while also investing in platform innovations.
Indianapolis-based edge computing company Scale Computing has raised $55 million in funding led by funds managed by Morgan Stanley Expansion Capital. The company says it "will use the new funds to expand their leadership position in edge computing, including investments in people, R&D, and restructuring of debt."
San Francisco-based private equity firm Vector Capital has closed a deal acquiring interests from previous shareholders for network security vendor WatchGuard Technologies, based in Seattle, making Vector Capital the majority owner of WatchGuard. Prakash Panjwani, CEO of WatchGuard Technologies, said, “Vector Capital has been an excellent partner over the last decade, and is intimately familiar with the company, employees, partners and our vision to be the security provider of choice to the MSP community. We have already had great successes together, and with this renewed investment, we are doubling down on empowering the MSP community with increased growth and platform innovation.”
Comodo Security Solutions has rebranded to Xcitium and has launched its patented zero threat technology, ChannelLife Australia reports. The new offering fights ransomware and other malware, and eliminates potential damage by neutralizing threats without disruption of the customer’s workflow. Xcitium CEO Ken Levine said, "Xcitium differs from other endpoint solutions in that we isolate these threats completely, thereby eliminating their ability to execute and giving security professionals time to deploy any needed protection measures.”