At a glance.
- PlainID partners with Dremio.
- SPHERE raises $31 million in Series B funding.
- Bitfront shutters operations.
Mergers and acquisitions.
Israeli authorization and policy-based access control company PlainID has announced a strategic partnership with California-based data lakehouse company Dremio. PlainID says that the partnership “enables Dremio clients to leverage PlainID's central access control platform to manage and control access to data via Dremio, allowing for advanced access controls as part of their overall data security strategy.”
Healthcare solutions provider CloudWave, based in Massachusetts, has acquired cybersecurity company Sensato Cybersecurity, based in New Jersey. “With the addition of the innovative, proprietary technologies included in the Sensato Cybersecurity suite, along with the cyber expertise of the Sensato team, CloudWave will be able to offer customers the high-level cybersecurity we provide for our cloud-based delivery to on-premises systems,” said Erik Littlejohn, President and CEO of CloudWave.
Virginia-based governance risk and compliance software company RegScale has acquired open-source Compliance-as-Code platform GovReady. "Since inception, RegScale has been dedicated to helping organizations mitigate risk and regain control through our real-time GRC platform. This acquisition furthers our commitment to bring compliance into the modern era, enabling organizations to move compliance from a point in time to a continuous, near real-time experience. We are thrilled to have Greg and his team join RegScale. His expertise in both compliance and government will be key in accelerating our mission of simplifying and automating regulatory compliance,” said Anil Karmel, Co-founder and CEO of RegScale.
Investments and exits.
Identity hygiene provider SPHERE Technology Solutions has raised $31 million in Series B funding, led by Edison Partners, with participation from existing investor, Forgepoint Capital. The company says it will use the funding to “expand its SaaS offering, channel ecosystem and alliances, and sales and marketing to accelerate growth.”
The Wall Street Journal reports that cryptocurrency exchange Bitfront is the latest to shutter its operations. Bitfront, which is operated by Japanese messaging app Line and runs on the Line blockchain and offers the Link crypto token, said in a statement that the closure is not connected with other recent developments in the industry.
Cisco has begun a $600 million restructuring that will include layoffs, which the company has said will impact 5% of its workforce, or about 4,000 workers, according to a report from TechTarget. In good news, Amazon’s Cloud Unit plans to hire new employees for next year, and intends to continue the buildings of new data centers in 2023, Bloomberg reports. Money Control also reports that IBM has plans to train 500,000 Indians in cybersecurity over the next 5 years.