Collaborate Disseminate
Symantec boosts security with Javelin Networks, ThreatQuotient integrates Verified Breach Intelligence from Visa, FireMon delivers hybrid cloud security with new visibility and orchestration, StackPath partners with Sectigo, and we have some acquisitio… Continue reading Symantec, Veracode, & Thoma Bravo – Enterprise Security Weekly #114
Thoma Bravo, an American private equity firm, announced on Monday that it is purchasing application security testing company Veracode from Broadcom for $950 million in cash. Based in Burlington, Massachusetts, Veracode is a software-as-a-service (SaaS) company that helps software developers detect security issues in their applications at various points in the software development cycle. Thoma Bravo and Veracode said in a press release that the acquisition is meant to further Vercaode’s “future operational and product development plans.” “Partnering with Thoma Bravo, a proven security software investor, is expected to extend our market reach and further fuel our innovation so that we can offer the broadest software security platform and empower us to accelerate growth — all to allow us to transform the way companies achieve their software security goals,” said Sam King, currently Veracode’s senior vice president and product manager, and CEO-to-be when the deal is done. Veracode hasn’t been […]
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In Tracking Security Innovation, Microsoft to acquire GitHub for $7.5B, Thoma Bravo acquired LogRhythm for undisclosed, KnowBe4 acquired exploqii for undisclosed, Signifyd raised $100M Series D, Cyberbit raised $30M in an equity round, and more! Tracki… Continue reading Microsoft, KnowBe4, & Signifyd – Business Security Weekly #87
Cloud-based network security company Barracuda Networks will return to being a private company, announcing a buyout by private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at $1.6 billion. Founded in 2003, Barracuda Networks offers cloud-based network security, email security, web application firewalls and more. The company went public in 2013 with a stock price of $18 per share, hitting a high of $45.12 per share in 2015. After dipping to $10 per share in 2016, the price has floated between $21 and $24 since the start of the year. “We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that’s purpose-built for highly distributed, diverse cloud and hybrid environments,” said B.J. Jenkins, chief executive officer of Barracuda, in a release. “We will continue Barracuda’s tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way […]
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