Collaborate Disseminate
The private equity firm merges the newly acquired ForgeRock with Ping Identity, combining two of the biggest names in enterprise IAM market.
The post Thoma Bravo Merges ForgeRock with Ping Identity appeared first on SecurityWeek.
Continue reading Thoma Bravo Merges ForgeRock with Ping Identity
Sustained demand for cybersecurity services and continued innovation across the industry helped 2021 become a record-setting year for deals involving cyber companies, analysts say. The funding that flowed into cyber companies increased 136% over 2020 levels, to $29.3 billion, up from $12.4 billion the previous year, according to the executive summary of a report from Momentum Cyber, which advises cyber companies on mergers and acquisitions. Likewise, the total volume of mergers and acquisitions activity reached $77.5 billion, up 294% from calendar year 2020, according to the report. Several trends are driving those numbers, analysts and executives say: Companies across the economy have expanded their budgets for reliable cybersecurity services, boosting revenues for the industry. In turn, big investors — including private equity groups and venture capitalists — are following that money. And as cyberthreats increase in severity and complexity, smaller firms continue to develop valuable expertise in niche areas of […]
The post Inside the numbers of another big year for cyber mergers, acquisitions and investments appeared first on CyberScoop.
Remote work was the order of the day for the past 16 months, but as we (fingers crossed) move out of the pandemic, it’s looking like a lot of people may move into a new era of hybrid work: less focus being present in offices to feel like you are getting things done, less time […] Continue reading Carlyle acquires 1E.com, an endpoint and hybrid working specialist, in $270M deal
Bain Capital Private Equity and Crosspoint Capital Partners are buying a security solution that could be useful as more companies find themselves with some assets on-site and some in the cloud. Continue reading Network security startup ExtraHop skips and jumps to $900M exit
FireEye is selling its security products services to a consortium led by private equity firm Symphony Technology Group for $1.2 billion, the company announced on Wednesday. The long-time cybersecurity giant is best known recently for its role in alerting U.S. authorities in December to the breach of network software company SolarWinds. A months-long alleged Russian hack of the SolarWinds software ensnared at least nine U.S. federal agencies and nearly 100 U.S. companies. The separation announced Wednesday includes FireEye’s network, email, cloud and other security products. The company’s Mandiant forensic intelligence services will remain intact and continue to operate as its own publicly traded company, pending regulatory approval of the sale. FireEye will operate as a stand-alone company under the STG umbrella. “We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” FireEye Chief Executive Officer Kevin Mandiant said in a statement. […]
The post FireEye is selling its security products business for $1.2B appeared first on CyberScoop.
Continue reading FireEye is selling its security products business for $1.2B
Cloudera was once one of the hottest Hadoop startups, but over time the shine has come off that market, and today it went private as KKR and Clayton, Dubilier & Rice, a pair of private equity firms announced they intended to purchase Cloudera for $5.3 billion. The company has a market cap of around $3.7 […] Continue reading Cloudera to go private as KKR & CD&R grab it for $5.3B
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
Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings […] Continue reading Vista Equity takes minority stake in Canada’s Vena with $242M investment
When we last heard from BigID at the end of 2020, the company was announcing a $70 million Series D at a $1 billion valuation. Today, it announced a $30 million extension on that deal valuing the company at $1.25 billion just 4 months later. This chunk of money comes from private equity firm Advent […] Continue reading With $30M extension, BigID boosts Series D to $100M at $1.25B valuation
Software-as-a-Service (SaaS) is now the default business model for most B2B and B2C software startups. And while it’s been around for a while now, its momentum keeps accelerating and the ecosystem continues to expand as technologists and marketers are getting more sophisticated about how to build and sell SaaS products. For all of them, we’re […] Continue reading Announcing our TC Sessions: SaaS virtual event happening October 27