Collaborate Disseminate
It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion chunks. The first step was spinning out VMware as a separate company last month, a move expected to net close to […] Continue reading Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B
LogMeIn, the Boston-based software company that owns password manager LastPass, said it will sell itself to two private equity companies as part of a cash deal valuing LogMeIn at roughly $4.3 billion. LogMeIn announced Tuesday it has agreed to be acquired by affiliates of Francisco Partners and Elliott Management Corp. at a purchase price totaling $86.05 per share. LogMeIn’s best known product likely is GoToMeeting, a video conferencing tool, but the company also purchased LastPass for $110 million in 2015. LastPass, with its 18.6 million stated users, is one of a number of password management tools promising to store and protect subscribers’ usernames and passwords. LastPass competitors include Dashlane, which has raised $210 million in venture capital, and 1Password, which announced in November a $200 million funding round, among others. The plan now is for LogMeIn’s new owners to “accelerate growth and product investment organically and inorganically,” Andrew Kowal, senior […]
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If the sheer amount of information that we can tap into using the internet has made the world our oyster, then the huge success of Google is a testament to how lucrative search can be in helping to light the way through that data maze. Now, in a sign of the times, a startup called Lucidworks, […] Continue reading Lucidworks raises $100M to expand in AI-powered search-as-a-service for organizations
Redis Labs, a startup that offers commercial services around the Redis in-memory data store (and which counts Redis creator and lead developer Salvatore Sanfilippo among its employees), today announced that it has raised a $60 million Series E funding round led by private equity firm Francisco Partners. The firm didn’t participate in any of Redis […] Continue reading Redis Labs raises a $60M Series E round
Two companies that provide enterprises with privileged access management (PAM) services are coming together in an acquisition announced Thursday. Atlanta-based Bomgar is acquiring Phoenix-based BeyondTrust in a deal expected to close in October, the terms of which the companies did not disclose. Bomgar’s PAM service helps businesses manage the security of their credentials and systems, as well as secure remote access sessions. The company boasts 16,000 customers ranging from midsize to Fortune 100 companies. BeyondTrust has about 4,000 customers. “Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access,” said Bomgar CEO Matt Dricks in a press release. “The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.” BeyondTrust, based in Phoenix, provides a platform with similar services to Bomgar’s, including access management tools to help businesses secure […]
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Carbon Black files for IPO (worth $100M?), Bomgar acquired by Francisco Partners for undisclosed, SecDo acquired by Palo Alto Networks for undisclosed, SpyCloud raised $5M Series A, and more on this episode on Business Security Weekly! Carbon Black fil… Continue reading Tracking Security Innovation – Business Security Weekly #81
The Israeli hacking company NSO Group has been put up for sale for a price of more than $1 billion, according to multiple people familiar with the matter. The U.S.-based private equity firm Francisco Partners Management, which owns NSO Group, is looking to bring in around 10 times the $120 million it paid for a majority stake in the company in 2014. The group grew from around 50 employees when it was acquired to nearly 10 times that size, including more than 200 engineers dedicated to the hacking products that bring in the company’s rising profits. NSO, which is known for selling cutting-edge offensive hacking technology to governments around the world, traces its roots and to the Israeli military’s world-renowned signals intelligence unit known as Unit 8200. The Israeli business publication Calcalist reported that NSO Group was being shopped around last month. CyberScoop independently spoke with numerous NSO business associates who confirmed that report. NSO Group and Francisco Partners both […]
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TechCrunch has confirmed that Francisco Partners and Elliott Management have agreed to acquire Dell’s software division.
Elliott Management, Francisco Partners and Dell issued a joint press release confirming the acquisition this morning.
Rumors about this acquisition were first reported by Reuters over night. The deal involves Quest Software and SonicWall and could include other… Read More Continue reading Confirmed: Dell sells software division to Francisco Partners and Elliott Management