
Yahoo Finance: Private equity giant Thoma Bravo has announced that its security information and event management (SIEM) company LogRhythm will be merging with Exabeam, a rival cybersecurity company backed by the likes of Cisco and Lightspeed Venture Partners.
TechReport: A prominent crypto hedge fund, BlockTower Capital, has emerged as the last firm to suffer a major blow from hackers. According to reports, hackers infiltrated the company’s system, carting away a hefty sum from its assets under management (AUM).
TechCrunch: Early-stage rounds continue to account for the majority of investments in the European startup market, and one of the biggest firms in the region announced a new fund to bolster that trend.
Business Wire: Prevalent Inc. published its 2024 Third-Party Risk Management Study, finding that 61% of companies experienced a third-party data breach or cybersecurity incident last year. Breaches rose 20 points — or 49% — year over year, increasing threefold since 2021.
Dark Reading: Microsoft will make organizational changes and hold senior leadership directly accountable for cybersecurity as part of an expanded initiative to bolster security across its products and services.
CSO Online: The US government is doing everything it can to manage the cybersecurity challenges of quantum computing, cloud strategies, and generative AI and trying to secure sensitive technology hardware, Secretary of State Anthony Blinken said.
Yahoo Finance: Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash. Clearlake Capital and Francisco Partners are buying the cybersecurity-focused business and will run it as a new, as-yet unnamed independent company, according to a statement.
Crunchbase: Cybersecurity venture funding saw a small bounce back in the first quarter of the year and a couple of large raises may indicate that trend continuing.
Yahoo Finance: In April 2024, UK cybersecurity company Darktrace agreed to be bought by US private equity (PE) company Thoma Bravo in a $5.3bn deal.
PR Newswire: BlackSwan Cyber, a leading M&A Cybersecurity Advisor, has announced the release of its Cyber Maturity Assessment Platform.
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