Corporate news

Corporate News

OpenText picks up Carbonite for $1.42B

OpenText has entered into a definitive agreement to acquire Carbonite for $1.42 billion. The deal has OpenText paying $23 per share in cash for Carbonite. Steve Munford, Interim CEO, President/executive Chairman of the Board of Carbonite, said multiple parties had expressed interest in buying his firm. The enterprise information management software and solutions firm entered…

Zurich rolls out cyber insurance coverage for manufacturers

Zurich Insurance has rolled out a new industry specific endoresements to its cyber insurance policies to provide coverage for manufacturers. This additional coverage was created due to the increased cyberthreat these companies are now under and the fact that many manufacturers, particularly mid-sized firms, are unaware and possibly less prepared to deal with, the risks…

Sumo Logic acquires Jask

Sumo Logic has acquired JASK Labs to help bolster its cloud security offering. The company confirmed that the deal has closed, but it is not publicly disclosing the financial details in connection with this acquisition. Sumo Logic named former JASK CEO and co-founder Greg Martin vice president and GM the combined company’s security business unit.…

Gov. Terry McAuliffe joins Hunton Andrews Kurth

Former Virginia governor Terry McAuliffe was tapped by Hunton Andrews Kurth to be an advisor the Centre for Information Policy Leadership, the firm’s global privacy and cybersecurity think tank.  McAuliffe will provide strategic counsel to CIPL, the firm, and clients with a particular focus on cybersecurity and privacy issues given his work and recognition in…

iBoss names DeWalt to board

David DeWalt has been appointed to iBoss’ board of directors as vice chairman. DeWalt is the founder of NightDragon Security and former CEO and chairman of McAfee and FireEye. iBoss believes DeWalt’s experience will help with the company’s effort to move from on-prem to the cloud. “The cloud has changed everything, not just enabling business…

Private equity firm bids $3.9 billion for Sophos

Sophos’ board of directors has recommended to its shareholders that they accept a bid by the private equity firm Thoma Bravo to purchase the cybersecurity firm. Sophos confirmed that Thoma Bravo has bid $7.40 per share for the company totaling about $3.9 billion. Thoma Bravo, which has a history of purchasing software companies, said it…

HP picks up Bromium

Hewlett Packard acquired the endpoint security firm Bromium on September 19. The Palo Alto-based HP had been licensing Bromium’s technology and for use in its Sure Click solution. Bromium will become part of HP’s broader platform to secure endpoint devices. The deal’s financial details were not released nor any information given on how Bromium’s staff…

Symantec sells off enterprise business for $10.7 billion

Symantec sold off its enterprise security business to chipmaker Broadcom for $10.7 billion, but will retain consumer cyber safety business. The deal, which includes the Symantec brand name, was approved by Symantec’s board of directors and is expected to close before the end of the year, but still must pass standard regulatory approvals. Symantec will…

Jamf acquires Mac endpoint solutions firm Digita Security

The Apple device management company Jamf today announced the acquisition of Digita Security, which specializes in creating enterprise-level endpoint protection solutions for Mac users. The two parties are not releasing the deal’s financial details and Jamf spokesperson told SC Media the deal has already closed. Digita Security, which was co-founded by ex-NSA hacker Patrick Wardle,…

Cybersecurity executive changes

July 23LogRhythm named Mark Logan as CEO. Previously, he served as president of Attunity and CEO of WealthEngine. July 10Retired U.S. Air Force Brig. Gen. Guy Walsh was named the the founding executive director of The University of Texas at San Antonio’s National Security Collaboration Center. The center is a consortium of 38 government, university and industry partners…