At a glance.
- Microsoft reportedly seeking to buy Mandiant.
- Nord Security and Surfshark merge.
- Shift5 raises $50 million.
Mergers and acquisitions.
Microsoft is considering buying Mandiant, Bloomberg reports. Mandiant was separated from FireEye following the sale of FireEye's products business to Symphony Technology Group (STG) last year. Channel Futures quotes Jeff Pollard, vice president and principal analyst at Forrester, as saying, "Cybersecurity is a key part of Microsoft’s overall enterprise strategy. And snagging Mandiant shortly after the company ended its long marriage with FireEye would serve as more evidence." Microsoft and Mandiant declined to comment on the reports.
Reuters reported on Wednesday that Paris-based Thales was considering an acquisition of Atos's cybersecurity business. On Thursday, however, an Atos spokesperson said the business was "not up for sale," according to iTnews.
VPN companies Nord Security and Surfshark have finalized a merger agreement, Tom's Guide reports. Nord stated, "This merger will help both companies to align on a strategic level, better satisfy the needs of our customers, and prepare for future challenges. Nord Security and Surfshark have their own user bases, which is not going to change. Both brands will continue to operate independently, serving their customers and improving their own products. The merger will allow Nord Security and Surfshark to consolidate their resources in reaching mutual goals and innovate within the cybersecurity industry. This synergy will aid in the fight against online threats and create a better experience for users."
New York-headquartered cybersecurity assessment company SecurityScorecard has acquired incident response firm LIFARS (also based in New York). The company stated, "The LIFARS cybersecurity team will operate as a new Digital Forensics and Incident Response (DFIR) practice within SecurityScorecard's Professional Services group, complementing SecurityScorecard’s world-class capabilities in cybersecurity ratings, data and assessments. The combined insights and services will enable customers to have a deeper view into cyber risk through enhanced in-house threat intelligence data collection capabilities and more robust post-breach response capabilities."
Password security company Keeper Security has acquired zero-trust remote access IT provider Glyptodon. Both companies are based in Chicago. Keeper stated, "The acquisition enhances Keeper Security's continued evolution in the identity and access cybersecurity space, particularly in enabling hyper-secure access to remote resources. It includes integration of Glyptodon Enterprise into Keeper Security's zero-trust and zero-knowledge security and encryption architecture, resulting in a highly-secure, agentless remote access platform, without the need of a virtual private network (VPN)."
Vancouver-headquartered online identity verification company Trulioo has acquired Danish no-code orchestration solution HelloFlow. Trulioo stated, "The acquisition accelerates the delivery of an enhanced end-to-end identity platform by combining Trulioo GlobalGateway, the world’s largest data and identity services network for both business and individual verification, with a full suite of orchestration, onboarding workflow and risk management capabilities."
Kansas-based cybersecurity services company Foresite Cybersecurity has acquired Palo Alto, California-headquartered risk management platform provider Cyber Lantern. Foresite stated, "Current Foresite customers now have access to a broader suite of advanced cyber security subscriptions with the integration of Cyber Lantern into its ProVision SaaS platform. Together, Foresite and Cyber Lantern offer simple, yet powerful, SaaS compliance and security operations solutions for SMEs. Adding Cyber Lantern's advanced data modeling and compliance automation, Foresite can arm customers with a better understanding of their security posture and help them meet compliance audit readiness in days rather than months."
Investments and exits.
Reuters reports that Tel Aviv- and Boston-based XDR platform provider Cybereason has confidentially filed for an IPO in the US, potentially valued at more than $5 billion.
Arlington, Virginia-based OT cybersecurity company Shift5 has raised $50 million in a Series B round led by Insight Partners. The company stated, "Armed with new capital, Shift5 will make significant investments in product development and new talent across all teams to keep pace with demand across transportation and national defense industries."
New York-based vulnerability remediation company Vicarius has raised $24 million in a Series A round led by AllegisCyber Capital, JVP, and AlleyCorp. Vicarius stated, "With the investment, Vicarius will expand its team, aiming to triple the number of employees by next year. They will grow their sales, support, and engineering operations to assist over 150 customers across every vertical."
Sunnyvale, California-based software-based physical access technology provider Oloid has raised $12 million in a Series A round led by Dell Technologies Capital, with participation from Honeywell Ventures, Okta Ventures, and other existing investors. The company says the funding "will be used to help expand Oloid's retrofit access control products portfolio and build nationwide sales and marketing operations."
Estonian digital forensics firm Binalyze has raised $10 million in a seed funding round led by OpenOcean, with participation from Earlybird Digital East. The company says the funding "will support the extension of Binalyze’s cloud-native capabilities to enhance coverage in cloud and container environments and enable it to continue to be the fastest and most complete Enterprise Forensics Platform on the market. The investment will also accelerate Binalyze’s expansion in the US, Europe, and other key global markets enabling enterprises, MSP, and Incident Response partners to mount a forensic response to cybersecurity attacks in near-real-time."
SonarSource has appointed Andrea Malagodi as Chief Technology Officer and Gordon Pothier as Chief Financial Officer.
Noetic Cyber has appointed Karen Higgins as Chief Financial Officer, Mike Rogers as Chief Revenue Officer, and Charlie Howe as Vice President of Europe, Middle East and Asia.
Trellix has hired Michael Alicea as Chief Human Resource Officer, Tara Flanagan as General Counsel, and Adam Philpott as Chief Revenue Officer.
QuintessenceLabs has appointed Silvio Pappalardo as Chief Revenue Officer and added John Stewart as a Strategic Advisor.
UncommonX has named Patrick Hayes as Chief Strategy Officer.
Aryaka has appointed Dennis Monner as Chief Commercial Officer, Renuka Nadkarni as Chief Product Officer, and DeAndra Jean-Louis as Chief Customer Officer.
Booz Allen Hamilton has hired Raynor Dahlquist to lead "Booz Allen’s Full-Spectrum Cyber Operations business supporting the defense and intelligence communities."
Socure has appointed Brendan Peter as Vice President of Government Relations. Peter previously served as Head of U.S. Government Relations for Seagate Technology.
Rubrik has appointed Ghazal Asif as Vice President of Global Partners and Alliances. Asif previously served as Head of Channel Partners in EMEA for Google Customer Solutions.
Aqua Security has appointed Robert D’Amico as Head of Asia Pacific and Japan, CRN reports.