At a glance.
- Check Point acquires Perimeter 81.
- Thoma Bravo extends closing date for acquisition of ForgeRock.
- Osano raises $25 million in Series B round.
Mergers and acquisitions.
Check Point, headquartered in San Carlos, California, announced a definitive agreement to acquire security service edge (SSE) shop Perimeter 81 for about $490 million. The company stated, "With this acquisition, Check Point will help organizations accelerate the adoption of secure access across remote users, sites, cloud, datacentres, and the internet, all while aiming to deliver the most secure and fastest SSE solution in the market."
Bitdefender has acquired Singapore-based Horangi Cyber Security. The company stated, "The acquisition expands the attack surface monitoring capabilities of Bitdefender’s product and services portfolio and allows business customers worldwide to overcome a broader range of cybersecurity challenges, including misconfiguration and vulnerability detection, governance, and compliance across hybrid and multi-cloud environments."
Thoma Bravo has delayed its closing date for its $2.3 billion acquisition of ForgeRock in order to give the US Justice Department an extra week to decide whether to challenge the deal on antitrust grounds, the Middle Market reports.
Investments and exits.
Dropzone AI announced a $3.5 million seed round led by Decibel Partners, with participation from Pioneer Square Ventures Fund. Dropzone specializes in the development of autonomous AI security agents.
Kivera has announced a $3.5 million seed round as it enters the US market and moves its headquarters from Sydney to New York. The funding came from General Advance, Round 13 Capital, and several angel investors. Kivera specializes in mitigating cloud security risks.
Virginia-based HushMesh has raised $5.2M Technical.ly reports. The startup specializes in automated encryption key management.
San Francisco-based Rootly, which offers an "enterprise-grade incident management platform," has raised $12 million in a Series A round led by Renegade Partners, with participation by Google Gradient Ventures and XYZ Ventures.
Osano has closed a $25 million Series B round led by Baird Capital, with participation by Jump Capital, LiveOak Venture Partners, Next Coast Ventures, TDF Ventures, and First Ascent Ventures. Osano, based in Austin, Texas, offers a data privacy platform.
Gallant Capital Partners has announced strategic investments in "DynTek, Inc. ('DynTek'), a US-based professional IT services, cybersecurity, and risk management organization, and rSolutions Corporation ('rSolutions'), a Canadian-based cybersecurity firm." The company stated, "Gallant's investment in both companies will support accretive growth through further innovation and development of technical offerings and cybersecurity services, operational enhancements that drive customer experience, and strategic acquisitions."
Tesserent has hired Silas Barnes as Senior Partner Offensive Security Services.
Rubrik has appointed Jesse Green as Vice President of Sales for the Americas. Green previously served as Senior Vice President at MongoDB.
Edgio has hired Tom Gorup as Vice President of Security Services.
Forescout has hired David Creed as Vice President of Worldwide Channel Sales.
Cellebrite has named Thomas E. Hogan as Executive Chairman of the Board.
The PCI Security Standards Council has hired Wenlock Free as Regional Vice President, North America.
Illumio has appointed L. David Kingsley as Chief People Officer.
Fortunes of commerce.
Boston-based Rapid7 announced a round of layoffs this week. The Boston Business Journal reports that a "restructuring" will eliminate four-hundred-seventy jobs, which comes to 18% of the company's workforce. The company also plans to close several offices.
TechCrunch reports that the British cybersecurity firm NCC Group, headquartered in Manchester, also announced "a small number" of layoffs as it continues a retrenchment that began in February with cuts of a hundred-twenty-five employees, roughly 7% of its UK and US workforce. How many employees will be affected by this latest round is so far unknown.
Okta plans to enter the Indian market, establishing a new office in Bengalaru.