AT&T completes its AlienVault acquisition. Claroty secures $400 million and acquires Medigate. Avast interested in self-sovereign identity tech. Stanley Black & Decker sells its security arm at $3.2 billion.
Funding
Email security provider IronScales raised $64 million in a Series C funding round led by PSG with participation from existing investors K1 Investment Management and Jump Capital. The platform works to continuously detect and remediate threats, such as business email compromise, credential harvesting and account takeover in companies’ mailboxes.
Learn about the top security ventures and merger trends in our cybersecurity investment report.
Mergers and Acquisitions
Cerberus Cyber Sentinel Corporation, a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announces acquisition of Arkavia Networks SPA, a cybersecurity services provider based in Chile. Under terms of the agreement, Arkavia will become a wholly owned subsidiary of Cerberus Sentinel and will serve as the South American headquarters for the company located in Santiago, Chile. David Alfaro Medina, CEO of Arkavia, will continue to manage his existing team.
AT&T announces plan to acquire AlienVault, a privately held company based in San Mateo, Calif. The agreement has been approved by both companies. The acquisition of AlienVault will enable AT&T to expand its security solutions portfolio and offerings to millions of small and medium-sized businesses. AT&T’s acquisition of AlienVault’s technology and human capital is focused on accelerating its goal to assist organizations of all sizes with cybersecurity solutions.
Mimecast Limited, an email security and cyber defense company, announces that it has entered into a definitive agreement whereby funds advised by Permira will acquire the company. Under the terms of the agreement, Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in an all-cash transaction that values Mimecast at an equity value of approximately $5.8 billion.
With a focus on digital security and privacy, Avast announces its acquisition of Evernym; the US based outfit who, along with contributions from others working in the industry standards community, cut its teeth with the development of self-sovereign identity tech. Avast focuses on products and services based on decentralized digital credentials. The acquisition is expected to close in mid-December and the general availability of the products based on the Evernym technology is slated to follow in 2022.
Atos announces agreement to acquire Cloudreach, a multi-cloud services company with a focus in cloud application development and cloud migration. Cloudreach employs more than 600 employees in cloud platforms, applications, and security and is expected to realize revenue at €100 million in calendar year 2021. The closing of this transaction is subject to regulatory approvals and expected early Q1 2022.
Stanley Black & Decker has agreed to a majority sale of its security assets to Securitas AB for $3.2 billion. The proposed transaction includes Stanley Black & Decker’s Commercial Electronic and Healthcare Security business lines. The businesses carry 2021 forecasted revenues of approximately $1.7 billion with an adjusted EBITDA margin in the low double-digits, implying a purchase price multiple of approximately 16 trailing adjusted EBITDA.
Read more cybersecurity M&A and funding updates from SecureDisruptions here.
The post Cyber Deals: Claroty, AT&T, Black & Decker, Evernym appeared first on CISOstack.