In the second week of February 2021, several cybersecurity-related mergers and acquisitions were revealed.
Apax Partners is purchasing a controlling interest in Herjavec Group
Robert Herjavec, a prominent “Shark Tank” businessman and cybersecurity pioneer, has decided to sell to the investment group Apex Partners a majority stake in Herjavec Group, the technology company he founded in 2003. Herjavec will remain an effective stakeholder and CEO of the company.
Converge acquires Accudata
Converge Technology Solutions, a hybrid IT solutions company, has acquired Accudata Systems, which provides IT advisory and integration services, including infrastructure and security. This is the 18th purchase of Converge. The organization believes the new agreement will help it improve its ability and skills and grow its position in the market.
Datadog acquires Sqreen
Datadog, a supplier of cloud service management and protection tools, will acquire Sqreen, a SaaS security tool built to protect companies from threats at the application level. Via the purchase, Datadog plans to expand its cloud protection capability.
Guardforce AI acquires majority stake in Logic Network
A majority stake in Logic Network, a Hong Kong-based consultancy specialized in telecoms, network processes, intelligent retail networks and technology, was purchased by Asian advanced security solutions provider Guardforce AI. Guardforce AI has also recently purchased Handshake Networking, a penetration testing firm based in Hong Kong.
Landis+Gyr acquires Rhebo
Landis+Gyr, a supplier of smart metering technology for the energy industry based in Switzerland, purchased Rhebo, a German corporation specialized in industrial protection and plant availability. Landis+Gyr, which described the offer as a great match for its cybersecurity strategy, is purchasing “100% of Rhebo GmbH’s share capital for a low purchase price of USD two-digit million.”
LiveRamp acquires DataFleets
LiveRamp announced the acquisition of DataFleets, a startup that has built what it describes as a “privacy-preserving data engine that unifies distributed data for quick access and privacy-preserving analytics.” LiveRamp paid $68 million for DataFleets, whose technologies will be combined within the next few months with LiveRamp solutions.
SentinelOne acquires Scalyr
For $155 million, Endpoint security company SentinelOne is purchasing log management startup Scalyr. Via this purchase, SentinelOne needs to be able to “ingest, correlate, search, and action data from any source, providing the most advanced integrated XDR platform in the industry for enterprise and cloud-wide real-time threat mitigation.”
Stone and Chalk merges with AustCyber
Stone and Chalk’s Australian tech incubator is integrating with the Australian Cyber Security Development Network, AustCyber. The aim is to build a “safe and creative future for Australian business by supporting critical and emerging technology companies’ founders as they seek capital, clients, talent, expertise, advocacy and community.”
Tenable acquires Alsid
Tenable, a supplier of vulnerability and risk management tools, is buying Alsid for $98 million in cash, a company specialized in Active Directory protection. To its own solutions, Tenable will incorporate Alsid technology.
Westcoast acquires minority stake in Beyond Encryption
A minority stake in Beyond Encryption, a provider of email and correspondence security, has been acquired by British IT distributor Westcoast. The transaction will help Westcoast boost its current product portfolio and will promote the development plan of Beyond Encryption.