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Funding/M&A Honeywell Boosting OT Cybersecurity Offering With Acquisition of SCADAfence Summary Industrial giant Honeywell has announced plans to acquire OT and IoT security firm SCADAfence in order to extend its operational technology (OT) cybersecurity portfolio. The acquisition, which is expected to close in the second half of the year, will integrate SCADAfence‘s solutions into Honeywell‘s…
HashiCorp Acquires BluBracket for Secrets Scanning Technology Cloud infrastructure software firm HashiCorp has announced its acquisition of BluBracket, an early stage startup that develops technology to scan for secrets hidden in source code. The financial terms of the acquisition have not been disclosed. BluBracket, based in Silicon Valley, has raised $18.5 million in venture capital…
Socure Acquires ID Verification Company Berbix for $70 Million The Deal Identity verification solutions provider Socure has acquired automated ID verification firm Berbix for roughly $70 million in cash and stock. The acquisition will accelerate Socure’s international expansion and provide the company with access to Berbix‘s innovative document verification technology. Background Identity verification has become…
Airgap Networks Acquires NetSpyGlass: Strengthening Cybersecurity for Business-Critical Networks SAN JOSE, Calif. – In their latest move to secure business-critical networks, cybersecurity solutions provider Airgap Networks has announced the acquisition of network and asset intelligence solution provider NetSpyGlass. With the integration of NetSpyGlass‘ suite of asset intelligence capabilities, Airgap aims to enhance the visibility of…
Thales to Acquire Tesserent: A Boost to Cybersecurity Services MELBOURNE, Australia & PARIS — In a significant development for the cybersecurity industry, Thales and Tesserent have announced their entry into a binding Scheme Implementation Deed (SID) for Thales to acquire 100% of Tesserent‘s shares. The proposed acquisition, valued at A$176m (circa €107 million), will establish…
Cisco Acquires Armorblox for AI Technology Cisco, a Californian multinational technology conglomerate that specializes in designing, manufacturing, and selling networking hardware and software, announced on June 1, 2023, that it’s acquiring Armorblox. Armorblox, a California-based email security firm with a focus on artificial intelligence (AI) technology, specializes in protecting organizations against threats that arrive from…
IBM‘s Acquisition of Polar Security and the Emerging Market of Data Security Posture Management IBM‘s recent acquisition of Polar Security has brought attention to a rapidly growing market space for cybersecurity, referred to as Data Security Posture Management (DSPM). The acquisition is IBM‘s fifth this year, and it reflects the company’s focus on expanding its…
Cybersecurity M&A Roundup: 17 Deals Announced in May 2023 In the first half of May 2023, 17 cybersecurity-related mergers and acquisitions (M&A) deals were announced, according to an analysis by SecurityWeek. The deals ranged from a private equity firm acquiring endpoint security and secure access solutions provider Absolute Software for approximately $870 million, to smart…
IBM has announced its acquisition of Israel-based Polar Security, a startup in data security posture management. This emerging cybersecurity segment permits organizations to uncover where sensitive data is kept, who has access to it, how it is used, and identifies vulnerabilities within the underlying security posture. While financial terms of the deal were not disclosed,…
Crosspoint Capital Partners, a private equity firm, has acquired security solutions provider Absolute Software for $870 million, which includes the security provider’s current debt. Absolute Software offers endpoint security and secure access solutions – enabling visibility and control over devices, applications, and network connections, and has 21,000 customers around the world. The acquisition was unanimously approved by Absolute’s board of…