At a glance.
- Accenture will acquire CyberCX for a reported $650 million.
- Seemplicity raises $50 million in Series B round.
Mergers and acquisitions.
Accenture has agreed to acquire Australian cybersecurity services provider CyberCX. The company says the deal "represents Accenture’s largest cybersecurity acquisition to date and will significantly bolster Accenture’s cybersecurity services in Asia Pacific." The companies didn't disclose the terms of the acquisition, but the Australian Financial Review reports that the deal values CyberCX at more than AU$1 billion (US$650 million).
Globes reports that US private equity firm Thoma Bravo is in talks to buy Israeli cybersecurity company Armis from Insight Partners for $5 billion. Insight Partners would reportedly gain $2-3 billion from its stake in the company.
London-headquartered Diginex will acquire Israeli supply chain risk management startup Findings for $305 million. Diginex says the "strategic acquisition aligns with Diginex’s mission to enhance its technological capabilities and expand its footprint in the cybersecurity sector, and build a global leader in compliance data verification and regulatory compliance automation."
Virginia-based defense contractor V2X will acquire QinetiQ Group's non-core US Federal IT services unit for approximately $31 million, with the transaction expected to close in September. The business unit has seventy employees, and offers data and cyber services. QinetiQ, which is headquartered in England, said in a statement, "The proceeds from the sale of the non-core asset will support our ongoing buyback programme and reduce net debt. This disposal also reinforces the clear focus of our renewed US growth strategy on four core market segments, where we see increasing demand and have differentiated capability; maritime systems, advanced sensors, space and missile defence mission support and persistent surveillance."
Austin, Texas-based application security testing company Invicti has acquired application security posture management provider Kondukto. Invicti stated, "With this acquisition, Invicti is delivering on what security teams have long demanded: the ability to correlate runtime-validated DAST findings with broader ASPM data to drive precise, scalable, and actionable AppSec programs."
Dallas-based LevelBlue (formerly AT&T Cybersecurity) has completed its acquisition of managed detection and response firm Trustwave. The company says the acquisition "establishes LevelBlue as the world’s largest pure-play MSSP."
Investments and exits.
Israeli exposure management company Seemplicity has secured $50 million in a Series B round led by Sienna Venture Capital, with participation from Essentia Venture Capital and existing investors Glilot Capital Partners, NTTVC, and S Capital. The company "plans to leverage this funding to increase its investment in AI capabilities and support a rapid expansion of the company's go-to-market strategy."
UK-based cyberphysical security firm Blueskytec has raised £1.5 million (US$2 million) in funding from Maven Capital Partners. The funding will be used "to support recruitment as well as expanding its manufacturing capacity and business development efforts."
Executive moves.
Palo Alto Networks has announced the retirement of its founder, Chief Technology Officer, and board member Nir Zuk. Zuk founded the company in 2005. The company's Chief Product Officer Lee Klarich has assumed the role of CTO and joined the board of directors.
Outpost24 has promoted Olivia Brännlund to Chief Information Security Officer. She previously served as the company's Deputy CISO.
Cyberhaven has appointed Aman Sirohi as CISO.
Corelight has appointed Ali Islam to lead its research and development team, Corelight Labs.
Matt DeFrain has rejoined MorganFranklin Cyber as Managing Director of the Healthcare, Pharma, and Life Sciences sector.