At a glance.
- Palo Alto Networks reportedly in talks to acquire Talon Cyber Security and Dig Security.
- IronNet shuts down operations.
Mergers and acquisitions.
TechCrunch reports that Palo Alto Networks is in advanced talks to acquire secure enterprise browser provider Talon Cyber Security for between $600 and $700 million, as well as cloud data security firm Dig Security for between $300 million and $400 million. Both startups are based in Israel. TechCrunch notes, "Both startups are less than three years old, and in both cases these would be strong outcomes compared to their existing valuations."
TPG has completed its acquisition of Forcepoint's Global Governments and Critical Infrastructure cybersecurity business from Francisco Partners. TPG stated, "The transaction separates Forcepoint’s G2CI and Commercial businesses and marks Forcepoint G2CI’s next chapter as an independent company with the flexibility and resources to grow its platform as a comprehensive, next-generation cybersecurity provider for the defense, intelligence, and critical national infrastructure industries. TPG acquired the business through TPG Capital, its large-scale U.S. and European private equity platform." Forcepoint G2CI President Sean Berg will serve as CEO of the new company.
Investments and exits.
Palo Alto, California-based Nexusflow, a company that uses generative AI to wrangle cybersecurity data, has raised $10.6 million in a seed funding round led by Point72 Ventures, with participation from Fusion Fund. According to TechCrunch, the company will put the funding toward "hiring, R&D, and ongoing product development."
Vulncheck has hired Ralph Logan as Chief Strategy Officer, Jacob Baines as Chief Technology Officer, Thomas Bain as Chief Marketing Officer, David Munson as Vice President of Engineering, and Jay Wallace as Vice President of Sales.
Saviynt has appointed Tara Ryan as Chief Marketing Officer, Akshay Sivananda as Chief Information Security Officer, and Sapna Nair as General Manager, India. The company has also hired Jim Routh as Chief Trust Officer.
Optiv has appointed Marc Cabi as Chief Financial Officer and Michael Feliton as Chief Information Officer.
Outpost24 has hired Allan Robertson as Chief Revenue Officer.
FTI Consulting has added Hans-Peter Fischer as a Senior Managing Director and Frank Damm as a Managing Director in the firm’s Cybersecurity practice.
Frontegg has appointed Dane Mustola as Head of Global Sales.
CrowdStrike has hired Lucy Evans as its Global Lead of Channel and Distribution Strategy.
NetSPI has appointed Niloo Razi Howe to its board of directors.
Fortunes of commerce.
Moody's has published a survey looking at cybersecurity practices around the world, finding that cybersecurity budgets have increased by 70% since 2019.