Company News

Company News

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…

Company news: Paul Stitch appointed CEO at Dasient, plus changes at Plan B and BITS

Dasient, an anti-malware technology provider for websites and advertising networks, has appointed Paul Stich (left) CEO. He will be charged with growing the company’s customer base, extending its reach into new markets and increasing research and product development. Stich most recently served as VP of global telecommunication solutions at McAfee. www.dasient.com Plan B, a U.K.-based…

Company news: Thom Linden appointed SVP at M86, plus changes at IOActive and CoreTrace

M86 Security, provider of web and email threat protection, has appointed Thom Linden (left) as SVP of global research and development. Linden will be tasked with overseeing the R&D centers in the United States, New Zealand and Israel. He previously served as VP of engineering at WatchGuard Technologies. http://www.m86security.com Barnaby Jack has joined IOActive, provider…

Company news: Nancy Reynold joins Kaspersky, plus changes at Arcsight and Sourcefire

Nancy Reynolds (left) has joined anti-virus vendor Kaspersky Lab as senior vice president of corporate sales. She is charged with managing the channel program for the Americas. Reynolds previously worked at Dell, where she was tasked with developing the company’s enterprise channel strategy, and at Trend Micro. Kaspersky also has named Dan Burke vice president…

Briefs: Company news

Sophos has promoted Chris Doggett to VP of global channels. He will work to grow global partnerships on a local level and to improve the efficiency and online sales growth opportunities for partners that cater to SMBs. Webroot, an internet security provider, has appointed Chris Benham as chief marketing officer, and Kenton Sieckman as vice…

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