At a glance.
- SailPoint acquires SecZetta.
- Hack the Box raises $55 million in Series B funding.
- Executive moves.
- Company news.
- Labor markets.
- The effects of hacking on Danish banks.
Mergers and acquisitions.
Texas-based identity security company SailPoint Technologies has acquired third-party identity risk solutions provider SecZetta. SailPoint says the acquisition will enable the company to "expand its capabilities to help companies gain better visibility into all types of identities, across both employee and non-employee identities – from third-party contractors to temporary workers – all from a single, market-leading identity security platform."
Quantum computing company IonQ, founded by university professors and based in College Park, Maryland, has acquired Entangled Networks, a Toronto-based software startup. IonQ President and CEO Peter Chapman says the deal "will accelerate [IonQ]'s growth by allowing quantum computers to better communicate with one another."
Actionable risk management company Crisis24 has acquired Atlanta-based critical event management platform Topo.ai. “Topo.ai and Crisis24 have been partners for many years. In fact, several Topo customers are Crisis24 customers, so the cultural alignment is a natural one,” explained Managing Director and Head of Integrated Risk Management at Crisis24, Gregoire Pinton. “Joining forces was the obvious next step, allowing us to offer unique and advanced capabilities in Critical Event Management, combining and amplifying our unique strengths. I strongly believe these united synergies will be of great benefit to our clients.”
Investments and exits.
British cybersecurity skills training startup Hack the Box has raised $55 million in Series B funding, led by Carlyle. Other participating investors included Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. The company plans to use the funding to expand across the world, with a focus on the United States, Europe, and Asia-Pacific, as well as product development.
Space cybersecurity provider SpiderOak has brought in $16.4 million in Series C funding, led by Empyrean Technology Solutions, with participation from Method Capital and OCA Ventures as well. “Space is a demanding environment in many ways and SpiderOak’s proven zero-trust solution, using its patented distributed ledger tech, is well positioned to address these cyber threats head-on. This oversubscribed Series C round by true industry leaders highlights their trust in our ability to solve this problem for both government and commercial customers,” said Charles Beames, Executive Chairman of SpiderOak.
Virginia-based public benefit software company Second Front Systems has raised $2 million in funding from the United Kingdom's Gallos Technologies Ltd. The company says the investment will "support 2F's entry into the UK market and position its fully managed and compliant DevSecOps platform Game Warden as a software bridge between the two allied nations."
The SANS Institute has appointed Ciaran Martin, CB, as the company's Director of SANS CISO Network and Summits EMEA.
Bugcrowd has made three new appointments: Tanya Gay as Vice President of Business Operations and Strategy, Marcus MacNeill as Vice President of Product, and Cassandra Morton as Vice President of Customer Success and Account Management.
Sift has welcomed Kris Nagel as the company's new CEO.
Infoblox has named Scott Harrell as the company's CEO.
Veriff has hired Viktoria Ruubel as the company's Managing Director of Digital Identity.
anecdotes has welcomed Coalfire CPO Vineet Seth to its advisory board.
Wallarm has added Mike Wilkes, Todd Dekkinga, Torry Crass, William Barnes, and Zack Moody to the company's advisory board.
Castellum has named Alan R. Lynn to the company's advisory board.
MSAB has appointed Adam Firman as a Tech Evangelist for the company.
Grant Thornton Luxembourg has promoted Sabika Ishaq to the position of CISO.
FTI Consulting has welcomed three new Australian Senior Managing Directors; Wouter Veugelen in Cybersecurity, Hayden White in Corporate Finance & Restructuring, and Michael Khoury in Technology.
AU10TIX has appointed Dan Yerushalmi as the company's CEO.
Rubrik has appointed Mark McLaughlin to the company's Board of Directors. McLaughlin was formerly Chairman & CEO at Palo Alto Networks.
CrowdStrike has named two former SentinelOne execs to its leadership team: Daniel Bernard, SentinelOne's former CMO, has been named Chief Business Officer; and Raj Rajamani, formerly SentinelOne's CPO, has joined the company as CPO for data, identity, cloud and endpoint.
PlexTrac has added president of Recorded Future, Stu Solomon, to the company's Board of Directors.
Fortress Information Security has added Dr. Lisa Porter to its Board of Directors.
Oort has named three new executive additions: Anna (Jensen) Tutt as CMO, Peter Martin as Vice President of Revenue, and Michael Marriott as Director of Product Marketing.
Dashlane has welcomed Daniel Hasson as the company's Chief Product Officer.
Cloudflare has named Phil Winslow as the company's Vice President of Strategic Finance, Treasury, and Investor Relations.
US-based cybersecurity provider ThreatLocker has announced the opening of a new office in Dublin, Ireland, PCR reports. The new office, located in Blanchardstown, is creating 120 jobs and marking the beginning of a planned European expansion for the American company. “Launching in Dublin today is a major strategic milestone for ThreatLocker as we begin our expansion into the European marketplace. Our company has many Irish links and Dublin is the EU headquarters of so many major global companies, so it is the perfect location. ThreatLocker has ambitious targets for growth and we are very excited to push ahead with this new phase in our company’s history. We are aiming to strengthen our foothold in the EMEA region and help businesses protect themselves from increasing cyber-attacks including ransomware," said ThreatLocker’s CEO and co-founder, Danny Jenkins.
Israeli cybersecurity and privacy solutions provider Safe-T Group has rebranded, the company reported last Thursday. Safe-T Group is now Alarum Technologies Ltd, named as such for the Latin 'Alarum,' meaning warning. The name change is said by the company to be "rooted in the Company's focus and commitment to provide advanced privacy and cybersecurity solutions."
More cuts have been seen coming to tech in the past week. The Information reported yesterday Microsoft's intentions for mass layoffs across a slew of divisions, possible as soon as today. In a report today from Computing, the tech giant is said to be planning to cut 11,000 jobs, or around 5% of its workforce. Extensive layoffs are expected in the near future, described by Computing as "far greater" than those that have occurred in the past year. Singaporean Twitter employees at the blue bird's Asia headquarters have also been told to clear their desks and become remote workers, effective immediately, in an email sent last Wednesday, Deadline reports. The move is not confirmed to be permanent, but may follow suit with a similar instance in the San Francisco office last year, in which employees were notified of the closure of their office by senior leadership, only for it to reopen a week later.
The effects of hacking on Danish banks.
Moody’s released a tip Friday discussing the effects of the potentially coordinated DDoS attacks targeting Danish IT service center Bankdata that subsequently impacted banks using the service. The attacks took place on January 10, impacting Bankdata, and by extension, seven of the eight banks using the service center. These hacks seem to follow suit with an attack targeting Denmark’s central bank, Nationalbanken, that occurred only a day earlier. This attack damages the reputation of the involved banks, disrupted customer services, and could create potential liabilities for customers that weren’t able to use their financial services; by all means this is credit negative for all banks involved, Moody’s notes. A need for strong cybersecurity practices is demonstrated in times of attacks like these, as added regulatory scrutiny and possible litigation are also consequences seen in the wake of successful attacks. For further insights from Moody's on the implications and risks posited by these attacks, see CyberWire Pro.