- 1. Mission Secure Announces Series B Venture Funding to Further Advance Its Patented OT Cybersecurity Protection Platform
This is a surprisingly low number for a Series B, unless you consider that the OT security market is also relatively small when compared to the IT security market.
- 2. TPG Agrees to Acquire a Majority Stake in Centrify from Thoma Bravo
Thoma Bravo, well known for turning around some handy 2-3 year profits on many well-known security brands is handing off Centrify to TPG, who is probably best known in recent years for helping Intel divest McAfee and take it public.
- 3. Akamai Technologies Acquires Inverse Inc., Adds to Zero Trust Security Platform
Zero Trust? That could mean 50 different things! First off, it's great to see good exits for Montreal-based companies - last year, Montreal-based vuln mgmt startup Delve Labs got picked up by SecureWorks. Interestingly, it looks like Inverse is basically an acqui-hire, but not your typical acqui-hire. It looks like, instead of developing a commercial product, they specialize in creating and maintaining open source products (specifically, Akamai is likely interested in Packetfence here). Instead of making money on commercial software licensing, they get paid to handle all the integration work. This is interesting, because this is likely one of the most common places where product deployments fail and purchases become shelfware. The average customer doesn't have 5 python experts sitting around, waiting to work on the latest SIEM, threat intel or, in this case, NAC.
- 4. Israeli security startup Bridgecrew in negotiations for sale to Palo Alto Networks for over $100m
Another CSPM getting acquired here - I guess CSPM wasn't part of one of the four acquisitions that went into Prisma Cloud already? Aporeto was microsegmentation, CloudGenix was SD-WAN, Twistlock was container security and PureSec was serverless security, so yeah, I guess they needed a CSPM acquisition. Also, in researching this story, I discovered that Lacework has an absolutely BRUTAL anti Prisma marketing campaign. It's so aggressive, it's kinda funny.
- 5. Gartner Forecasts Worldwide Security and Risk Management Spending Growth to Slow but Remain Positive in 2020
This story is here just as context for the news that Microsoft's security revenue is $10bn annually. With the industry product revenue TAM at ~$60bn, that means Microsoft accounts for one sixth of ALL security product revenue!
- 6. For Microsoft, Security is a $10 Billion Business
Huge, if true.
If Microsoft's security business is $10bn... that could put them in the number one spot as the largest security company in terms of product revenue, and ignoring the fact that Microsoft Security isn't a separate pure play company. By comparison, Cisco's security business is only doing ~$3bn annually and they've done a TON of security acquisitions in the past decade - SourceFire, OpenDNS, Duo, CloudLock, Threatgrid...
- 7. U.S. based Rapid7 acquires Israeli cyber startup Alcide.io for $50M
Another container/Kubernetes-inspired acquisition! They picked up DivvyCloud less than 10 months ago, but from what I can tell, that was more of a broad CSPM play, whereas Alcide seems to be more specifically focused on Kubernetes. We'll probably continue to see Kubes-related acquisitions for a while.
- 8. Amazon, Alphabet and Salesforce are all investing in a $28 billion company (DataBricks) that crunches big data
While not a security company, I think we should always have an eye out for big data/data-related companies, as they tend to have an impact on the data-hungry (and alert-fatigued) security space.
- 9. HelpSystems Acquires Digital Defense to Enhance Cybersecurity Portfolio – Security Boulevard
HelpSystems, the parent company that also acquired Core Security and Cobalt Strike, picked up Digital Defense. It makes a lot of sense as an acquisition, as (unless I've missed something), Core never had its own scan engine and depended on customers owning other tools to do the actual vulnerability scanning. While many might not know Digital Defense's name, they're a longtime IBM partner, providing the vulnerability scanning engine for QRadar.