Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s…
Category: M&A
Alphabet, Amazon, Artificial Intelligence, Cloud, Cloud Security, cyber security, Developer, developers, Global Security News, Google, google cloud, M&A, Mergers and Acquisitions, Microsoft, multicloud, Security, wiz
Google Acquires Startup Wiz for $32B to Make ‘Cybersecurity More Accessible And Simpler’
Google’s agreement to buy cloud security startup Wiz will face antitrust scrutiny amid Alphabet’s ongoing legal battles.
Armis, Cybersecurity, Enterprise, Global IT News, Global Security News, industrial security, Industry, M&A, otorio, Security
Armis buys Otorio for $120M to beef up cybersecurity in physical spaces
More consolidation is playing out in the security industry as platform players scoop up technology to give them deeper expertise in growing business areas. On Thursday, Armis, a $4.2 billion specialist in cyber exposure management, said it would be acquiring Otorio, a specialist in securing industrial and physical environments. Terms of the deal are not…
Cybersecurity, Emerging Tech, Featured, Global Security News, M&A, News, Security Boulevard (Original), Social - Facebook, Social - LinkedIn, Social - X, Spotlight, Tenable, vulcan
Tenable Acquires Vulcan Cyber, Building on AI-Powered Risk Prioritization
Cybersecurity risk management company Tenable announced plans to acquire Vulcan Cyber for approximately $147 million in cash and $3 million in restricted stock units. The post Tenable Acquires Vulcan Cyber, Building on AI-Powered Risk Prioritization appeared first on Security Boulevard.
Acquisitions, cyber security, Cybersecurity, Global Security News, International, M&A, mergers, secureworks, Security, sophos, Tech Industry
Sophos Acquires Secureworks for $859 Million
Sophos has completed its acquisition of managed cyber security services provider Secureworks.
bench, Convoy, Divvy Homes, Fire Sale, Global IT News, Global Security News, M&A, shutdowns, Startups, Venture, venture debt
Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say
When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…
AnyVision, Computer Vision, Global IT News, Global Security News, M&A, Metropolis, parking, surveillance, TC
Sources: AI vision startup Metropolis is buying Oosto (formerly known as AnyVision) for just $125M
The general hype around all things AI is not lifting all boats: certain startups continue to struggle and are looking for exits. In one of the latest developments, TechCrunch has heard from a reliable source that Metropolis, an AI-powered parking platform, is buying Oosto, the controversial computer vision company that used to be known as…
a16z, Biotech & Health, General Catalyst, Global IT News, Global Security News, h1, M&A, Startups, venture-backed M&A
Healthcare analytics platform H1 has acquired Ribbon, backed by a16Z and General Catalyst
H1, a healthcare data analytics platform serving the pharmaceutical industry with data on over 10 million healthcare professionals, has acquired Ribbon, a startup that helps patients find doctors that are supported by their insurance. Financial terms of the deal have not been disclosed. The last time that Ribbon — founded in 2016 and a Y…
acquisition, canadian, Enterprise, Global IT News, Global Security News, it provider, M&A, Merger, purchase, softchoice, startup, tech provider, world wide technology, wwt
IT tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal
One last mega-deal closed out an eventful 2024. On Tuesday, World Wide Technology (WWT), a tech services company based in St. Louis, announced it has agreed to acquire Canadian IT provider Softchoice in a deal that values the latter at C$1.8 billion (~$1.25 billion). The deal, which is all-cash, was unanimously approved by Softchoice’s board,…