At a glance.
- Belden sells Tripwire to HelpSystems for $350 million.
- BlueVoyant raises $250 million in Series D round.
Mergers and acquisitions.
Missouri-based networking solutions provider Belden has sold cybersecurity company Tripwire to Minnesota-headquartered HelpSystems for $350 million. SecurityWeek notes that Belden acquired Tripwire for $710 million in 2015. Roel Vestjens, President and CEO of Belden, stated, "We are pleased to announce the completion of this important transaction, which further strengthens our balance sheet and provides significant financial flexibility as we execute our strategic growth plans."
Cloudflare is acquiring Redwood City, California-based email security firm Area 1 Security for $162 million. The company stated, "By combining Area 1 Security’s highly scalable technology and years of experience in email protection with Cloudflare’s global network, the two companies will provide a holistic Zero Trust solution that customers can enable through Cloudflare’s global edge."
Irish cybersecurity consultancy Integrity360 has acquired London-based IT security firm Caretower. The company stated, "For the 2021 calendar year Caretower reported sales of circa £28m in 2021 and operates from offices in London and Sofia, Bulgaria. All of Caretower’s employees will remain with the group. Combined, the enhanced group expects sales exceeding £70m in 2022."
Investments and exits.
New York-based cyber defense platform provider BlueVoyant has raised $250 million in a Series D round led by Liberty Strategic Capital, with participation from ISTARI, Eden Global Partners, 8VC, and others. The company stated, "This investment will enable the firm to continue deepening its advanced technical capabilities, accelerate its global expansion, and build upon a record-setting 2021 that included triple-digit growth momentum, key acquisitions, and an 80% increase in customer count. In addition, in 2021, the company increased its existing global footprint by expanding into more than 10 countries."
San Francisco-based automated security and compliance company Secureframe has raised $56 million in a Series B round led by Accomplice, with participation from Kleiner Perkins, Optum Ventures, Kaiser Permanente, Gradient Ventures, Soma Capital, Gaingels, Impatient Ventures, and Flexport.
London-based cloud email security firm Red Sift has raised $54 million in a Series B round led by Highland Europe, with participation from Sands Capital, MMC Ventures, and Oxford Capital Partners. The company says it "will use the funds to further accelerate its global expansion with plans for a new US headquarters in Austin, Texas, and growth initiatives across the Asia Pacific, Europe, and Middle East regions. Additionally, the company is hiring across all departments, and doubling down on its platform innovation."
San Francisco-based compliance-focused operating system provider anecdotes has raised $25 million in Series A round led by Red Dot Capital Partners, with participation from Vintage Investment Partners, Shasta Ventures, Glilot Capital Partners, and Aleph. The company says the funding "will primarily be used to continue the development of new applications for anecdotes’ Compliance OS platform, specifically tailored to the needs of fast-growing companies."
Israeli third-party app security company Astrix Security has emerged from stealth with $15 million in seed funding from "lead investors Bessemer Venture Partners and F2 Venture Capital, with participation from Venrock and over 20 leading cybersecurity angel investors."
Nixu has named Teemu Salmi as its new CEO, effective September 1st, 2022. Salmi currently serves as CIO, Head of IT & Digitalisation and a member of the Group Leadership Team at Stora Enso.
Secureframe has appointed Seema Kumar as Chief Operating Officer and Evan Horibe as Vice President of Sales.
FNTS has added Don Pecha as Senior Director of Information Security. Pecha previously served as Chief Information Security Officer for Insite Data Services.
WISeKey has appointed David Khalifa as Vice-President of Global Sales. Khalifa most recently served as VP of the UV Emitter Product Group at Silanna.
PKWARE has hired Craig Irwin as Vice President of Global Sales. Irwin previously served as Vice President of Global Strategy, Product, and Sales at Tehama.
Dazz has hired Mike Gesnaldo as Chief Revenue Officer. Gesnaldo most recently served as Global Vice President of Incident Response, Advisory, and Managed Services Sales for CrowdStrike.
SailPoint has promoted Meredith Blanchar as Chief Customer Officer.
NTT Application Security has hired Mark Rossiter as VP of Sales, Americas.