At a glance.
- NortonLifeLock and Avast cleared by UK for merger.
- Air Force awards contract to CACI.
- Bitwarden secures $100 million in funding.
Mergers and acquisitions.
The United Kingdom’s Competition and Markets Authority (CMA) has officially cleared the $8.1 billion merger between NortonLifeLock and Avast. The CMA launched an investigation in March, citing the combination of two similar market leaders as raising competition concerns. Last month, the tone changed, and the CMA said that there were no competition issues raised, noting Microsoft’s cybersecurity products, as well as McAfee.
Software company ConnectWise, based in Tampa, Florida, has announced its acquisition of Australia-based integrated payment automation platform Wise-Sync. Chris Timms, EVP of growth at ConnectWise said, “Wise-Sync provides payment and accounting software integration for MSPs and has a track record for receiving excellent partner feedback. The long-time relationship with Wise-Sync as a trusted integration to ConnectWise APIs makes them a natural choice for onboarding more formally into the ConnectWise family. We are eager to take our first step into the payments processing space – ConnectWise products to date have not had this functionality. Expanding this part of our portfolio is an exciting move for us and our partners.”
Healthcare-focused cyber risk management company Clearwater Compliance, based in Nashville, has announced its merger with CynergisTek, headquartered in Austin. Clearwater bought CynergisTek’s common stock for $1.25 a share, coming out to $17.7 million total. CynergisTek will become a private company, and will be delisted from the NYSE American Stock Market.
Investments and exits.
The Department of the Air Force has made a contract award for the first phase of its Enterprise IT as a Service (EITaaS) initiative, awarding $5.7 billion to a team of 10 vendors led by CACI, based in Chantilly, Virginia. With this first wave, the focus is on devices and manpower, providing IT service management, end user devices, and support, including a helpdesk for both the Air and Space Forces.
Santa Barbara, California-based open source password manager Bitwarden has secured a $100 million minority growth investment, led by PSG, with participation from Battery Ventures. The funding will be used to support the user community and scale their solution to offer stronger online security options, the company says.
Tel Aviv and New York-based Extended Security Posture Management (XSPM) provider Cymulate has raised $70 million in Series D funding, led by One Peak, with participation from Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. The funding will be used for global expansion and investments in expansion of the company’s technology.
End user security device management software company Devicie, headquartered in Sydney, Australia, has raised $14 million in Series A funding, led by Insight Partners with contribution from CyberCX. The company says the funding will be used to support customer expansion for its Software-as-a-Service (SaaS) offering in the UK, US, and EMEA, as well as expansion of the team.
Dubai-based CyberKnight Technologies has announced a strategic partnership with cybersecurity company Owl Cyber Defense to address challenges in the Middle East, GlobeNewswire reports. “As we build out our operational technology (OT) and critical infrastructure portfolio, we are excited about this new partnership with Owl Cyber Defense, as no other vendor matches their cross domain and data diode capabilities. The technology is accredited by the U.S. Government and EAL Certified, offering enterprise ready solutions to regional customers, with a focus on solving today’s network security problems, in the most challenging environments,” said Vivek Gupta, CyberKnight Co-Founder and COO.
Security company Cloudflare has dropped its protection of Kiwi Farms, citing imminent threats that law enforcement could not keep up with. Kiwi Farms is a place known for stalkers organizing hacks, online campaigns, and in-person harassment. Visitors to the site got this message: “Due to an imminent and emergency threat to human life, the content of this site is blocked from being accessed through Cloudflare’s infrastructure.” This decision follows backlash against Cloudflare, pushing the company to drop Kiwi Farms.