Content by Michael Novinson

CEOs Levy, Thomas on Perks of $859M Sophos-Secureworks Deal

Michael Novinson  •  October 22, 2024

Sophos aims to strengthen its cybersecurity portfolio by acquiring Secureworks for $859 million, said CEOs Joe Levy and Wendy Thomas. The deal focuses on bringing together Secureworks' Taegis XDR platform and Sophos' existing MDR services to provide better cyber defense for businesses of all sizes.

Socket Accelerates Open-Source Security With $40M Series B

Michael Novinson  •  October 22, 2024

A $40 million Series B investment will support Socket in rapidly scaling its team and product development. Following a 400% revenue increase, the company plans to build on its success by expanding its application security offerings and enterprise support for more programming languages.

Sophos Fortifies XDR Muscle With $859M Secureworks Purchase

Michael Novinson  •  October 21, 2024

Sophos is acquiring Secureworks in a deal valued at $859 million, aiming to integrate its managed security services with Secureworks' Taegis XDR platform. This merger is expected to deliver advanced detection and response capabilities, and enhance global cybersecurity for businesses of all sizes.

BlackBerry Cuts Cylance Spend to Focus on Profitable Areas

Michael Novinson  •  October 18, 2024

As Cylance continues to incur significant losses, BlackBerry is reallocating resources toward its more promising QNX and secure communications teams. The company expects its cybersecurity unit to stabilize and become profitable by the end of the fiscal year, thanks to strategic bets and cost cuts.

CyberArk CEO on Why Venafi's Machine Identity Chops Matter

Michael Novinson  •  October 18, 2024

CyberArk's $1.54 billion acquisition of Venafi strengthens its leadership in identity security, integrating machine identity management with its current human identity platform, according to CEO Matt Cohen. The deal will address growing threats from ephemeral workloads and complex infrastructures.

CyberArk, Delinea, BeyondTrust Again Lead Gartner MQ for PAM

Michael Novinson  •  October 17, 2024

CyberArk, Delinea and BeyondTrust have maintained their positions atop the privileged access management market due to their adaptability to client needs, according to Gartner. The leaders quadrant remains unchanged from 2023 due to consistent performance and a strong focus on execution.

AI Powers Cyera’s $162M Buy of Data Security Startup Trail

Michael Novinson  •  October 17, 2024

With the $162 million buy of Trail Security, Cyera will offer customers AI-enhanced data loss prevention alongside its DSPM solution. The new platform promises stronger, real-time data protection for sensitive information both in motion and at rest, helping enterprises meet security demands.

Sonar Adds Code Architecture Insights With Structure101 Buy

Michael Novinson  •  October 16, 2024

Sonar has integrated Structure 101's design expertise into its platform, enhancing code architecture and reducing dependency issues. This update helps developers streamline workflows and minimize long-term software evolution costs, ensuring good code management across multiple programming languages.

Netskope Purchases Dasera to Strengthen Cloud Data Security

Michael Novinson  •  October 15, 2024

Netskope’s purchase of Dasera enhances its data security posture management capabilities, enabling customers to secure both structured and unstructured data across cloud and on-premises environments. The integration will offer a platform for holistic data protection and security posture management.

Black Duck's Blueprint for Growth as an Independent Company

Michael Novinson  •  October 14, 2024

CEO Jason Schmitt explains the rationale behind the revival of the Black Duck brand following Francisco Partners and Clearlake's $2.1 billion acquisition and discusses the future of the company, focusing on profitable growth, application security challenges and the role of AI in code generation.

Relyance AI Raises $32M to Take on AI Governance Challenges

Michael Novinson  •  October 10, 2024

Relyance AI raised $32 million in Series B funding to grow its data governance platform. The funds will be used to scale operations, enhance real-time data visibility, and support enterprises in complying with complex global privacy regulations, ensuring responsible AI adoption across industries.

Human Security Raises $50M+ to Take on Click-Fraud Defense

Michael Novinson  •  October 9, 2024

Human Security's recent $50 million growth funding, led by WestCap, will drive the development of click-fraud defense and enhance advertising integrity solutions. CEO Stu Solomon aims to leverage the funding for scaling the engineering and data science teams, addressing emerging fraud threats.

Cloudflare Acquires Kivera to Fuel Preventive Cloud Security

Michael Novinson  •  October 8, 2024

With the acquisition of New York-based startup Kivera, Cloudflare will enhance its Cloudflare One platform, adding proactive controls that secure cloud environments, prevent misconfigurations and improve regulatory compliance for businesses using multiple cloud providers.

IronNet Settles Securities Fraud Class Action Suit for $6.6M

Michael Novinson  •  October 7, 2024

IronNet and several former executives agreed to a $6.6 million settlement, ending a class action lawsuit accusing the company of misleading investors with inflated revenue projections. The settlement aims to provide relief for investors misled by allegedly inaccurate revenue projections.

Illumio, ColorTokens, Cisco Lead Microsegmentation Rankings

Michael Novinson  •  October 4, 2024

Illumio and Akamai remained atop Forrester's microsegmentation rankings, while ColorTokens and Cisco climbed into the leader space.The microsegmentation market has expanded beyond traditional on-premises networks to address modern public cloud workloads.