At a glance.
- Thoma Bravo completes acquisition of ForgeRock.
- SentinelOne may be exploring a sale.
- SpyCloud secures $110 million.
- Grip Security raises $41 million in Series B round.
Mergers and acquisitions.
Thoma Bravo has completed its $2.3 billion acquisition of identity and access management firm ForgeRock. The private equity firm has combined ForgeRock into its portfolio company Ping Identity, stating, "The combined company is positioned to better serve customers across the dynamic and fast-growing Identity and Access Management market by providing enhanced products and services, broader geographic support, and increased innovation. The combined company will seek to accelerate the delivery of identity security experiences for the customers, employees, and partners of companies worldwide."
San Francisco-based cloud computing services provider Fastly last Thursday "announced two major developments in its domain name API and Transport Layer Security (TLS) capabilities: the acquisition of Domainr, an ICANN-accredited real-time domain availability API provider, as well as general availability of Certainly, Fastly’s publicly-trusted TLS Certification Authority (CA)." Fastly's CEO Todd Nightingale stated, "Through the availability of Certainly and the acquisition of Domainr, we are continuing to empower our customers to own and control what they create, and how they create it – all backed by the most trusted and reliable domain availability and TLS experience possible. By offering these fundamental building blocks alongside our industry-leading content delivery network, Compute@Edge, and beyond, Fastly is proud to be an engine for the best builders and the best platforms on the internet."
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired Missouri-headquartered cyber counterintelligence firm SpearTip, Reinsurance News reports. David Shluger, VP of Cyber Risk Services for Zurich Resilience Solutions, stated, “For more than two years, we have worked closely with SpearTip and have seen firsthand their impressive cyber technical capabilities. The combination of their technical capabilities with Zurich’s service excellence extends the capabilities of the Zurich Resilience Solutions’ Cyber Services Team to bring a full suite offering to our customers."
London-headquartered unified communications firm Gamma has acquired cybersecurity services company Satisnet. David Macfarlane, Managing Director at Gamma Enterprise, stated, "We are thrilled to extend a warm welcome to Satisnet as we join forces to address the pressing concerns of cyber security in today's boardrooms. Recognising the increasing significance of cyber security, we are excited to enhance our portfolio with the expertise and solutions on offer. This enables us to cater to the growing needs of our expanding enterprise and public sector community, providing them with comprehensive security solutions to safeguard their digital infrastructure. Together, we are well-positioned to tackle the evolving landscape and deliver exceptional value to our customers."
The Silicon Valley Business Journal reports that Broadcom plans to complete its $69 billion acquisition of VMware by October 31st, and will invest $2 billion per year into research and development at the company.
Investments and exits.
- "Accelerate innovations across Enterprise Protection, Consumer Risk Protection, and Investigations use cases
- "Release authentication bypass prevention solutions that protect businesses and consumers from compromised passkey
- "Grow its industry-leading database of recaptured malware assets, delivering new insights to help customers and partners stay ahead of the most advanced cyber threats
- "Evolve analytic capabilities that link exposures of personal and corporate identity and authentication data to promote an identity-centric view of security that goes beyond the device-centric limits of most corporate security teams
- "Bolster its growing list of integrations, which already includes Active Directory, Okta, and Tines, among others – partnering with leading identity, incident response, orchestration, and directory services tools
- "Expand its go-to-market teams globally to help organizations adapt to the heightened interest in identity protection"
Boston-based SaaS identity risk management firm Grip Security has raised $41 million in a Series B round led by Third Point Ventures, with participation from YL Ventures, Intel Capital, and The Syndicate Group. The company says it "plans to expand investment in its go-to-market teams, research and development, and operational functions to scale the company in both Israel and the United States. The infusion of funds will also be used to expand into untapped geographic regions and solidify its position as an industry leader."
Codebase vulnerability detection company ProjectDiscovery has raised $25 million in a Series A round led by CRV, with participation from Point72 Ventures, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima, Talha Tariq, and others. The company has also "announced the launch of its ProjectDiscovery Cloud Platform, a fully-managed SaaS platform built on top of ProjectDiscovery's most popular open source tools to enable enterprises to discover and remediate vulnerabilities at scale."
Alameda, California-based Cerby, a company that provides an access management platform for nonstandard applications, has raised $17 million in Series A funding led by Two Sigma Ventures, with participation from Outpost Ventures, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund, and Ben Johnson, co-founder of Obsidian Security and Carbon Black. The company says the funds "will be used to scale Cerby's go-to-market efforts, including expanding sales and marketing efforts; accelerating innovation of Cerby's access management solution for nonstandard applications; further building on customer momentum and industry research; continued investment in generative AI to enhance development speed and maintenance of integrations; and reinforce international teams and customers with additional support."
UnitedHealth Group has appointed Tammi Morton as Chief Security Officer, Becker's Payer reports. Morton has previously served as CSO at Raytheon Technologies and HP.
Eclypsium has hired John Ewert as CFO and COO, Portland Inno reports.
MITRE has appointed Deborah Youmans as Chief Information Officer. Youmans previously served as VP and Deputy CIO at Booz Allen Hamilton.
Vectra AI has appointed Scott Dussault as Chief Financial Officer. Dussault most recently served as CFO at Workhuman.
Conversant Group has hired Tod Grantham as VP of Professional Services.
LogicGate has appointed Jonathan Skinner as Chief Marketing Officer. Skinner previously served as CMO at Sectigo.
Censys has named Briana Gulley as its Vice President of Global Channel.
Qrypt has added Ken Dixon, CEO of Tillman FiberCo LLC, to its board of advisors.
Intel is laying off 226 employees at its locations in Santa Clara and San Jose, the Silicon Valley Business Journal reports. According to the Economic Times, "The company is reportedly laying off 10 GPU software development engineers, eight system software development engineers, six cloud software engineers, six product marketing engineers, and six system-on-chip design engineers, along with others."