At a glance.
- Frequentis acquires Frafo.
- Two companies see $20 million Series A rounds.
- Executive moves.
- Company news.
- Labor market turbulence: a boon to the federal government.
Mergers and acquisitions.
Austrian technology company Frequentis has acquired German IT solutions company FRAFOS, Security Informed reports. "Software solutions in virtualized environments require enhanced security and network monitoring, to protect against potential cyber-attacks. With FRAFOS we have found an expert in VoIP Firewalls to support us in our solutions for safety-critical domains, allowing advanced prevention of denial-of-service attacks (DoS) and fraud attempts on the border of communication networks,” says Norbert Haslacher, CEO of Frequentis.
Investments and exits.
Open-source intelligence (OSINT) company Fivecast has raised $20 million in Series A funding, led by Ten Eleven Ventures, with investments from Main Sequence, the Commonwealth Scientific and Industrial Research Organization’s (CSIRO) innovation fund, and the South Australian Venture Capital Fund. Security Week reports that the Australian company intends to use this funding to further develop its portfolio and expand into new markets, including such regions as the United States, United Kingdom, Asia-Pacific, and Europe, and to expand its development, sales, and marketing teams.
California's NetBox Labs has announced a $20 million Series A funding round from a multitude of investors. The company plans to use the capital to transform networking by scaling "the development and delivery of both open source NetBox and NetBox Cloud, our enterprise-grade managed NetBox offering."
NinjaOne has announced Joe Lohmeier as the first Global Channel Chief for the company.
Sylvia Acevedo has joined Titaniam's Board of Advisors.
True I/O has added Karl Turner to its Board of Advisors.
WatchGuard Technologies has appointed HoJin Kim as the company's Senior Vice President and Chief Revenue Officer.
Orca Security has named James Love as the company's new President of Field Operations.
Trellix has appointed Ash Parikh to the position of Chief Marketing Officer.
Sevco Security has named Brian Contos as the company's new Chief Strategy Officer.
Very Good Security has welcomed Chuck Yu as the new Chief Executive of the company.
Benchmark Executive Search has named four new Advisory Board Members, which includes: the Honorable Ellen McCarthy, Lt Gen (ret) Bob Ashley, Lt Gen (ret) Scott Howell, and Kevin Higgins.
Cavelo has appointed Eldon Sprickerhoff as the Founding Board Member of the company's newly-minted Technology Advisory Board.
SecureAuth has appointed Kelly Wenzel Appointed as Chief Customer Officer, and has added Howard Greenfield as an Advisory Board member.
Elon Musk, Chief Executive of Twitter, intends to rebrand the company as X Corp, and get rid of the Twitter name entirely, Quartz reports. This comes amidst an interview released today with the BBC, in which Mr. Musk says that running the company has been painful and stressful. "It's not been boring. It's been quite a rollercoaster," Musk said to the outlet. He poked fun at himself, saying in reference to tweets he's made, "Have I shot myself in the foot with tweets multiple times? Yes." He continues, noting that his tweeting after 3 in the morning may not be the best idea.
Labor market turbulence: a boon to the federal government.
The turbulent nature of the cybersecurity and big tech labor markets has been a boon to the United States government, as the National Security Agency reports that they've seen recruitment boosts, the Record reports. “We’ve gotten some uptick,” the NSA's Director of Cybersecurity Rob Joyce said during an event, the outlet shares. “What I would say is we got some people with an experience level we didn't often see. We're seeing mid-career people looking to come to, one, the stability, but, two, also the opportunity to come into the intel community.” This follows on the heels of last week's news of cuts at Apple, and earlier slashes at companies such as Meta, Amazon, and Google.