At a glance.
- CyberArk will acquire Venafi.
- LogRythm merging with Exabeam.
Mergers and acquisitions.
Identity security and access management firm CyberArk has agreed to acquire machine identity management company Venafi for approximately $1.54 billion. CyberArk stated, "This acquisition will combine Venafi’s best-in-class machine identity management capabilities with CyberArk’s leading identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale."
Security intelligence company LogRhythm is merging with security operations platform provider Exabeam. The companies stated, "Customers will benefit from enhanced R&D investments and product innovation, greater service and support coverage and access to a larger AI-driven product portfolio, including cloud-native and on-premises options."
Palo Alto Networks has acquired IBM's QRadar SaaS assets for an undisclosed amount. The companies stated, "Upon closing, Palo Alto Networks and IBM will facilitate the migration of QRadar SaaS clients to Cortex® XSIAM®, the leading next-generation security operations (SOC) platform, with advanced AI-powered threat protection supported by 3,000 out-of-the-box detectors."
New York-based threat exposure management company Reveald has acquired breach and attack emulation platform rThreat.
Investments and exits.
Santa Clara, California-based phishing protection company Bolster has raised $14 million in a Series B round led by M12, with participation from existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital. The company stated, "With the new funding, Bolster plans to invest in GTM initiatives that strategically prioritize executive monitoring, business email compromise (BEC) attack detection and takedown, and threat-hunting automation. The sales organization will be structured around these key areas, supported by comprehensive training and marketing initiatives, to increase market penetration and heighten customer engagement."
San Francisco-based third-party website script monitoring platform c/side has emerged from stealth with $1.7 million in pre-seed funding led by Scribble Ventures. The company says the funding "will be used to accelerate product development, partner programs, and go-to-market initiatives."
Executive moves.
Sophos has appointed Joe Levy as its new CEO and Jim Dildine as CFO.
BlackCloak has hired Ryan Black as Chief Information Security Officer.
Dispel has named Dean Macris as Chief Information Security Officer.