At a glance.
- Synopsys sells its Software Integrity Group for $2.1 billion.
- Anetac emerges from stealth with $16 million.
Mergers and acquisitions.
Synopsys has agreed to sell its Software Integrity Group to Clearlake Capital Group and Francisco Partners for $2.1 billion. Synopsys stated, "The existing Software Integrity Group management team is expected to lead the newly independent, privately held company after the transaction closes. The name of the new standalone entity will be announced at a later date. Synopsys is committed to a seamless transition for the Software Integrity Group team, customers, and partners."
LevelBlue, formerly AT&T Cybersecurity, has launched as a standalone managed cybersecurity services business from WillJam Ventures as a joint venture with AT&T. The company stated, "LevelBlue offers strategic cybersecurity services to meet the evolving needs of businesses with capabilities that include managed security services, cybersecurity consulting, threat intelligence, and continuous security operations center (SOC) support. LevelBlue includes more than 1,000 employees globally, with AT&T retaining a minority ownership stake and board representation in the new entity."
Investments and exits.
San Francisco-based identity and security visibility company Anetac has emerged from stealth with $16 million in seed funding from Liberty Global, with participation from Shield Capital and The General Partnership. The company says it "will continue to focus on crafting a seamless business experience to elevate its service offerings to cater to security leaders’ needs in the modern threat landscape."
Houston, Texas-based managed security operations center platform Alert Logic has raised $12.6 million in a Series E round led by existing investors Updata Partners, Covera Ventures, DFJ Mercury, and Access Venture Partners. The company stated, "Alert Logic will use the proceeds of this financing to scale out its proven business model of delivering Security-as-a-Service solutions through a strategic channel of service provider partners. The company plans to broaden its product and service portfolio and bolster its existing Software-as-a-Service and Managed Security Service capabilities by investing in all aspects of the business, ranging from sales and marketing, to engineering and product development, as well as business development and strategic alliances."
Austin, Texas-based SaaS security and governance startup Nudge Security has increased its seed funding to $16.5 million with an investment from Forgepoint Capital.
Israeli cloud security firm Token Security has raised $7 million in a seed round led by TLV Partners and SNR, with participation from angel investors, CTech reports.
Executive moves.
NINJIO has appointed Jon Dion as Chief Revenue Officer.
Portnox has hired Joseph Rodriguez as Chief Revenue Officer.
Device Authority named Richard Seward as VP of Product Management.
FleishmanHillard hired Scott Radcliffe as its Global Director of Cybersecurity.