At a glance.
- Thoma Bravo to acquire Ping Identity for $2.8 billion.
- Acronis raises $250 million.
Mergers and acquisitions.
Thoma Bravo is acquiring identity management firm Ping Identity for $2.8 billion and taking the company private. Seth Boro, a managing partner at Thoma Bravo, stated, "Ping Identity's unique capabilities and strong position in enterprise identity security make it a great platform to deliver customer outcomes, expand into new use cases and support digital transformations. We are highly impressed with the talented Ping Identity team and look forward to working collaboratively in the years to come."
Bot prevention company HUMAN Security (formerly White Ops) and identity fraud protection firm PerimeterX are merging under the HUMAN brand. The company stated, "With 77% of online security and fraud incidents being bot-based, the merger highlights the importance of identifying sophisticated bot attacks, fraud and account abuse before they impact enterprises across advertising, marketing, e-commerce and cybersecurity. The combined companies will comprise more than 450 employees under the HUMAN company name, 500+ customers and have more than $100 million in ARR."
UK-based IT firm Intechnica has spun off its cybersecurity unit Netacea as an independent company, Business Up North reports. Netacea's CEO Jeremy Gidlow stated, "Thanks to the support of our investors, Netacea looks forward to another year of explosive growth and innovation. It’s an exciting time for Netacea as we continue our growth into the US market, coupled with adding more experience to our senior leadership team."
Santa Clara, California-based Security Service Edge (SSE) provider Netskope has acquired zero-trust security company Infoit. The company stated, "As Netskope Borderless WAN, the addition of Infiot's revolutionary technology will enable Netskope customers to apply uniform security and quality of experience (QoE) policies to the widest range of hybrid work needs, from employees at home or on-the-go, to branch offices, ad-hoc point-of-sale systems, and multi-cloud environments."
Investments and exits.
Maryland-based cybersecurity training company Cybrary has raised $25 million in a Series C funding round led by existing investors BuildGroup and Gula Tech Adventures. The company says the funding "will be used to support additional company growth by bolstering research and development (R&D) across its engineering, product, and marketing teams as well as continuing to grow the new CybraryThreat Intelligence Group (CTIG)."