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Company News

Hyatt Hotels implements bug bounty program

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Hyatt Hotels has partnered with HackerOne to launch a bug bounty program to help stave off cyberattacks similar to what the hotel chain suffered in 2017 and the much larger Marriott breach that exposed millions of customers data. The open program will ask ethical hackers to look at Hyatt’s online presence at Hyatt.com, m.hyatt.com, world.hyatt.com,…

Sophos in deal to acquire Avid Secure

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Sophos announced today it has acquired the cloud infrastructure security company Avid Secure. Sophos did not release any financial information regarding the deal of the San Francisco-based Avid Secure nor any details on how the two companies will combine their operations. Dan Schiappa, Sophos’ senior vice president and general manager of products, said Secure Avid’s…

Radware acquires ShieldSquare

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Radware has entered into a definitive agreement to purchase the four-year-old firm bot management solutions provider ShieldSquare. Radware CEO Roy Zisapel said the deal will allow his company to expand its portfolio of bot management solutions which will help Radwareexpand its cloud service offerings. The financial details of the deal were not revealed, but itis…

2018 Cybersecurity mergers and acquisitions

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Cybersecurity makes for strange – and interesting and sensible – bedfellows. M&A activity was robust during 2018 with some notable acquisitions completed and others on the horizon. IBM set to acquire Red Hat for $34 billionIBM has entered into an agreement to acquire the open-source cloud software firm Red Hat for an estimated $34 billion…

IBM set to acquire Red Hat for $34 billion

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IBM has entered into an agreement to acquire the open-source cloud software firm Red Hat for an estimated $34 billion. The all-cash stock deal has already gained approval from both companies board, but still must pass muster with Red Hat’s stockholders and the proper regulatory agencies. It is expected to close in the latter half…

Bitdefender acquires RedSocks

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Bitdefender reported today the acquisition of the Dutch behavior and network security analytics company RedSocks Security BV. Financial details of the deal, which closed on October 11, were not released, but Rares Stefan, Bitdefender’s chief strategy officer, said it was all cash with Bitdefender obtaining RedSocks and its technologies and assets in its entirety. Although…

Centrify CEO Tom Kemp to step down, IDaaS unit spun off

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Centrify has spun off its Identity-as-a-Service business creating the standalone company Idaptive. Tom Kemp The creation of Idaptive will help spur several additional changes to take place at both its parent organization and the new company itself. Tim Steinkopf, currently Centrify’s CFO, will take over as CEO of that company effective January 1, 2019, replacing…

Imperva acquired by private equity firm Thoma Bravo for $2.1B

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Imperva has entered into a definitive agreement to be acquired by the technology-focused private equity firm Thoma Bravo for $2.1 billion. The deal, which will pay Imperva stockholders $55.75 per share, will take the company private, which Imperva said will allow it to operate with more flexibility. Imperva’s board of directors unanimously approved the agreement…

Palo Alto Networks to acquire RedLock for $173 million

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Palo Alto Networks reported today it will acquire the cloud cybersecurity firm RedLock in an all-cash deal for $173 million. The acquisition is expected to close during Palo Alto’s first fiscal quarter, which started August 1. Once completed RedLock co-founders Varun Badhwar and Gaurav Kumar will join Palo Alto Networks. Palo Alto plans to combine…

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