Acquisition Archives - IT Security Guru https://www.itsecurityguru.org/tag/acquisition/ The Site for our Community Wed, 13 Jul 2022 13:37:38 +0000 en-US hourly 1 https://www.itsecurityguru.org/wp-content/uploads/2019/12/cropped-Guru_Transparent-PNG-1-32x32.png Acquisition Archives - IT Security Guru https://www.itsecurityguru.org/tag/acquisition/ 32 32 Outpost24 acquired by Vitruvian Partners https://www.itsecurityguru.org/2022/07/13/outpost24-acquired-by-vitruvian-partners/?utm_source=rss&utm_medium=rss&utm_campaign=outpost24-acquired-by-vitruvian-partners Wed, 13 Jul 2022 13:36:30 +0000 https://www.itsecurityguru.org/?p=46053 Outpost24 has announced it has been acquired by Vitruvian Partners to take the company into the next phase of growth. The new ownership structure will enable Outpost24 to invest in its people, processes, and industry-leading technology to further strengthen its leadership position in a large and growing market. Vitruvian has acquired a majority ownership position […]

The post Outpost24 acquired by Vitruvian Partners appeared first on IT Security Guru.

]]> Outpost24 has announced it has been acquired by Vitruvian Partners to take the company into the next phase of growth. The new ownership structure will enable Outpost24 to invest in its people, processes, and industry-leading technology to further strengthen its leadership position in a large and growing market. Vitruvian has acquired a majority ownership position in the Company, with management and key employees remaining significant minority shareholders.

With over 2,500 customers in more than [65] countries, Outpost24’s full stack cyber risk management SaaS platform empowers businesses to address the rapidly rising need to improve their cybersecurity posture. Outpost24’s comprehensive set of solutions scan both internal assets and external data sources to discover, assess and prioritise vulnerabilities and threats across potential attack surfaces. It offers industry leading, best-of-breed, cyber risk management solutions in vulnerability management, application security, threat intelligence and access management – in a single platform that is easy-to-use and deploy.

Underpinned by the growing awareness of the mission criticality of cybersecurity, Outpost24 has demonstrated strong long-term organic growth and profitability – quickly developing into one of the most well renowned cyber risk management platforms worldwide. Outpost24 today has a global presence with offices across Europe and the US, with further plans to continue to invest in international expansion during the coming years.

Vitruvian has previously invested in several successful cybersecurity companies including most recently Bitdefender, CFC, and Darktrace as well as numerous Nordic champions that have become international success stories, including Benify, CRF Health, EasyPark, Just Eat, Scrive and Unifaun. Vitruvian is an international investment firm with more than 100 professionals across eight countries and three continents with a focus on market-leading high-growth companies.

“Our vision has always been to make businesses resilient to cybersecurity risk,” said Karl Thedéen, CEO at Outpost24. “Through our partnership with Vitruvian we will have increased opportunities to empower security and business leaders to identify cyber threats and secure their organizations with speed and confidence. The new investment will bolster our ambition to become a global cybersecurity champion by accelerating our product roadmap and increasing our sales and marketing efforts.”

Jussi Wuoristo, Partner at Vitruvian Partners, added: “As the frequency and cost of cyber attacks is quickly increasing, Outpost24 has developed an unrivalled full stack cyber risk management platform that creates tremendous value for businesses around the world. Vitruvian has backed several exceptional global leaders in cybersecurity and we are excited to partner with the team at Outpost24 to help accelerate the company’s international expansion and product innovation.”

Martin Henricson at Monterro, added: “Seeing what we’ve achieved together to help multinational businesses reduce security exposure and prevent cyberattacks has been rewarding. We are extremely proud of the market position and product innovations Outpost24 has accomplished under our ownership and we look forward to seeing continued success for the company as part of Vitruvian.”

 

The post Outpost24 acquired by Vitruvian Partners appeared first on IT Security Guru.

]]> Outpost24 acquires threat intelligence provider Blueliv https://www.itsecurityguru.org/2021/07/14/outpost24-acquires-threat-intelligence-provider-blueliv-2/?utm_source=rss&utm_medium=rss&utm_campaign=outpost24-acquires-threat-intelligence-provider-blueliv-2 Wed, 14 Jul 2021 11:34:14 +0000 https://www.itsecurityguru.org/?p=42025 Outpost24 has acquired Blueliv, one of the world’s leading cyber threat intelligence companies which will create one of the largest cybersecurity providers in Europe. The objective: to provide the most advanced threat landscape monitoring solution to help businesses identify threats targeting their organizations and dramatically reduce risk exposure. “It has been a difficult 18 months […]

The post Outpost24 acquires threat intelligence provider Blueliv appeared first on IT Security Guru.

]]> Outpost24 has acquired Blueliv, one of the world’s leading cyber threat intelligence companies which will create one of the largest cybersecurity providers in Europe. The objective: to provide the most advanced threat landscape monitoring solution to help businesses identify threats targeting their organizations and dramatically reduce risk exposure.

“It has been a difficult 18 months as many organizations struggled to mitigate the growing number of vulnerabilities and attacks coming from all directions, along with a lack of context about risk in relation to the external threat environment,” said Karl Thedéen, CEO of Outpost24. “Because of this, automated and continuous threat intelligence has become critical. The combined solution will empower customers to accelerate risk reduction by giving them the threat context to prioritize remediation efforts and increase security efficiency like never before”.

Widely regarded as one of Europe’s leading cyber threat intelligence providers, Blueliv has built a trusted name within the security industry. Its pay-as-you-need modular architecture provides customers with streamlined, cost-effective intelligence delivered in real-time. Blueliv’s flagship product, the Threat Compass, is built from a customizable group of targeted intelligence modules which radically reduces attack success rates and improves incident response performance. The intelligence gathered from open, deep and dark web also helps power the Blueliv Threat Exchange Network, which is designed to encourage members to share news and indicators of compromise, and offer a live cyber threat map for tracking crimeservers and malicious IPs.

“As we both continue on our mission to help businesses and security teams become more efficient and secure, there are many similarities between Outpost24 and Blueliv which will make this acquisition ideal to provide our joint customers with a unique security offering,” said Daniel Solis, CEO & Founder of Blueliv. “By sharing our knowledge and combining our best-in-class threat intelligence with Outpost24’s full stack security assessment platform, we look forward to setting a new standard for threat landscape monitoring together.”

According to Gartner, “threat intelligence is evidence-based knowledge about existing or emerging menaces or hazards to assets. CISOs should plan for current threats, as well as those that could emerge in the long term.” With cybercriminals continually evolving their methods to exploit valuable and sensitive information from businesses, cyber threat intelligence has become an important pillar within an organization’s defense to help security teams protect against sophisticated attacks.

With the recent news of Microsoft acquiring RiskIQ, the demand for increased cybersecurity services is growing, especially with the rise of ransomware.

The post Outpost24 acquires threat intelligence provider Blueliv appeared first on IT Security Guru.

]]> Outpost24 acquires threat intelligence provider Blueliv https://www.itsecurityguru.org/2021/07/14/outpost24-acquires-threat-intelligence-provider-blueliv/?utm_source=rss&utm_medium=rss&utm_campaign=outpost24-acquires-threat-intelligence-provider-blueliv Wed, 14 Jul 2021 11:19:54 +0000 https://www.itsecurityguru.org/?p=42019 Outpost24 has announced the acquisition of Blueliv, a leading cyber threat intelligence company from Spain. This combination will create one of the largest cybersecurity providers in Europe and provide the most advanced threat landscape monitoring solution. The objective: to help businesses identify threats targeting their organizations and dramatically reduce risk exposure. “It has been a […]

The post Outpost24 acquires threat intelligence provider Blueliv appeared first on IT Security Guru.

]]> Outpost24 has announced the acquisition of Blueliv, a leading cyber threat intelligence company from Spain.

This combination will create one of the largest cybersecurity providers in Europe and provide the most advanced threat landscape monitoring solution. The objective: to help businesses identify threats targeting their organizations and dramatically reduce risk exposure.

“It has been a difficult 18 months as many organizations struggled to mitigate the growing number of vulnerabilities and attacks coming from all directions, along with a lack of context about risk in relation to the external threat environment,” said Karl Thedéen, CEO of Outpost24. “Because of this, automated and continuous threat intelligence has become critical. The combined solution will empower our customers to accelerate risk reduction by giving them the threat context to prioritize remediation efforts and increase security efficiency like never before”.

Widely regarded as one of Europe’s leading cyber threat intelligence providers, Blueliv has built a trusted name within the security industry. Its pay-as-you-need modular architecture provides customers with streamlined, cost-effective intelligence delivered in real-time. Blueliv’s flagship product, the Threat Compass, is built from a customizable group of targeted intelligence modules which radically reduces attack success rates and improves incident response performance. The intelligence gathered from open, deep and dark web also helps power the Blueliv Threat Exchange Network, which is designed to encourage members to share news and indicators of compromise, and offer a live cyber threat map for tracking crimeservers and malicious IPs.

“As we both continue on our mission to help businesses and security teams become more efficient and secure, there are many similarities between Outpost24 and Blueliv which will make this acquisition ideal to provide our joint customers with a unique security offering,” said Daniel Solis, CEO & Founder of Blueliv. “By sharing our knowledge and combining our best-in-class threat intelligence with Outpost24’s full stack security assessment platform, we look forward to setting a new standard for threat landscape monitoring together.”

According to Gartner, “threat intelligence is evidence-based knowledge about existing or emerging menaces or hazards to assets. CISOs should plan for current threats, as well as those that could emerge in the long term.” With cybercriminals continually evolving their methods to exploit valuable and sensitive information from businesses, cyber threat intelligence has become an important pillar within an organization’s defense to help security teams protect against sophisticated attacks.

With the recent news of Microsoft acquiring RiskIQ, the demand for increased cybersecurity services is growing, especially with the rise of ransomware.

The post Outpost24 acquires threat intelligence provider Blueliv appeared first on IT Security Guru.

]]> Tenable Network Security Acquires Container Security Company FlawCheck https://www.itsecurityguru.org/2016/10/26/tenable-network-security-acquires-container-security-company-flawcheck/?utm_source=rss&utm_medium=rss&utm_campaign=tenable-network-security-acquires-container-security-company-flawcheck Wed, 26 Oct 2016 11:34:58 +0000 http://www.itsecurityguru.org/?p=18121 Tenable Network Security, Inc.®, announced today that it has acquired FlawCheck, becoming the first vulnerability management company to provide security for Docker containers and support organizations’ modern DevOps processes. “Information technology is undergoing a profound change due to DevOps, containers and the mass migration of operations and infrastructure to the cloud,” said Renaud Deraison, chief […]

The post Tenable Network Security Acquires Container Security Company FlawCheck appeared first on IT Security Guru.

]]> Tenable Network Security, Inc.®, announced today that it has acquired FlawCheck, becoming the first vulnerability management company to provide security for Docker containers and support organizations’ modern DevOps processes.
“Information technology is undergoing a profound change due to DevOps, containers and the mass migration of operations and infrastructure to the cloud,” said Renaud Deraison, chief technology officer and co-founder, Tenable Network Security. “Tenable understands that next-generation technologies bring with them a range of new security challenges, which is why we are accelerating our investment in this area.”
Founded by Anthony Bettini and Sasan Padidar — who between them have previously held prominent roles at Facebook, Google, Intel and McAfee — FlawCheck helps organizations scan container images for vulnerabilities, malware and other risks. The product provides vulnerability and malware detection, along with continuous monitoring, for Docker containers, integrating with the continuous integration and continuous deployment (CI/CD) systems that build container images to ensure every container reaching production is secure and compliant with enterprise policy.
“Containers are changing the software development and deployment process, but many organizations don’t have a way to properly maintain and secure them,” said Bettini. “FlawCheck scans containers early in the software development lifecycle to make it easier and safer to deploy them in production, and then continuously monitors them for vulnerabilities and malware. By seamlessly incorporating FlawCheck into their development and deployment processes, enterprises gain visibility into the hidden security risks present in containers, enabling fast remediation without slowing innovation cycles.”
Organizations struggle to gain visibility into container-based malware and vulnerabilities and ensure the security of production code because containers are often rebuilt and redeployed on the fly, are active on networks for only short periods of time and exist outside of normal patching processes.
“As the IT world moves from old to new software development practices, we’ve seen time-to-production decrease by orders of magnitude,” said Adrian Sanabria, senior security analyst, 451 Research. “New technologies — cloud, containers — and the speed of new processes — DevOps — are creating the need for products that are purpose-built, easily integrated and easily automated.”
“FlawCheck is an amazing product that excels at detecting threats that otherwise would remain invisible, which is critical, because you can’t remediate what you don’t detect,” said Deraison. “The unique capabilities within FlawCheck to continuously monitor container images for malware and vulnerabilities are a natural extension of the container security capabilities already available to Tenable customers. We’re now working to bring a fully integrated product to market in 2017. The creativity and experience Tony and Sasan possess make them valuable additions to Tenable and I’m excited about what their presence means for the future of this company.”
For more information on how Tenable is delivering increased security for Docker containers and adding visibility into the DevOps process, please visit http://tenable.com/flawcheck.

The post Tenable Network Security Acquires Container Security Company FlawCheck appeared first on IT Security Guru.

]]> InteliSecure acquires Pentura to create one of the world’s largest managed security services organisations https://www.itsecurityguru.org/2015/10/29/intelisecure-acquires-pentura-to-create-one-of-the-worlds-largest-managed-security-services-organisations/?utm_source=rss&utm_medium=rss&utm_campaign=intelisecure-acquires-pentura-to-create-one-of-the-worlds-largest-managed-security-services-organisations Thu, 29 Oct 2015 11:17:46 +0000 http://www.itsecurityguru.org/?p=13217 With the amount of data breaches sky-rocketing over the last year, it is not surprising to find the fear of data loss and theft increasing. In fact, according to research from The 451 Group, Data Loss Prevention is the number one concern, and security challenge, among Chief Information Security Officers. On the back of this, […]

The post InteliSecure acquires Pentura to create one of the world’s largest managed security services organisations appeared first on IT Security Guru.

]]> With the amount of data breaches sky-rocketing over the last year, it is not surprising to find the fear of data loss and theft increasing. In fact, according to research from The 451 Group, Data Loss Prevention is the number one concern, and security challenge, among Chief Information Security Officers.
On the back of this, leading Denver-based next generation Managed Security Service Provider InteliSecure has acquired leading penetration testing/DLP provider, Pentura Ltd., head quartered in Reading, UK. This acquisition is the latest in an increasing trend of leading U.S companies raising vast amounts of venture capital in order to invest in the UK cyber security markets.
The combination of InteliSecure and Pentura creates one of the world’s largest managed security services organisations focused on critical asset protection.
Talking to the IT Security Guru, Rob Eggebrecht, President and CEO of InteliSecure explains why he chose Pentura and discusses both company’s product offerings. “At the end of the day, this acquisition, from a service perspective, enhances our offerings in the UK and EMEA, and greatly expands our capabilities in all service offerings, particularly the managed services, security assessment and incident response portfolios, increasing our teams 3X with more best-in-class talent in the global managed DLP market. ”
“Pentura is the definitive leader in the UK security assessment market, providing world-class services to enterprises of various sizes throughout the UK and EMEA”, Eggebrecht added.  “Our acquisition is a win-win for our customers in North America and Europe, as well as for future enterprise customers who recognise the most effective stop-gap measure to combat today’s escalating cybersecurity threats is through critical asset protection. Pentura has a complementary business model, size, scope and reputation within the UK market. They are the market leader in DLP and security assessments and culturally we mesh extremely well; moreover, both companies are customer driven.”
When asked what market problem this acquisition addresses, Eggebrecht continued, “Critical Asset Protection. We are shifting the paradigm from trying to protect everything to putting a highly-prioritised focus on what’s important to organisations: people, process and technology, to protect those assets rather than just shoving technology at a problem which has proven to be ineffective. We have fuelled our growth through a Series B round and this acquisition to build the next generation global MSSP. Our model is disruptive in nature. By making the acquisition overseas and raising more capital, we’re in a great position to scale our growth.”
This acquisition also has an impact on the channel. “We are bringing to the channel a new option for MSSP services to their customers. Both our managed and professional services are tailored to be delivered through channel security consultancies, service providers and system integrators. The channel has had access to traditional perimeter managed security service providers, and we anticipate eventually 15 percent of our revenues will come from existing channel partners. In the EMEA market specifically, the vast majority of our revenue will be earned from our channel partners. ” explains Eggebrecht
“We are thrilled to announce we are now a part of InteliSecure, a move that helps us accelerate, scale and extend our breadth of pen testing, DLP, and GRC service offerings for our customers,” said Pentura CEO Tony Allen. “InteliSecure is the market leader in managed DLP and critical asset protection services, and we look forward to building our leadership position in the next generation managed security services market.”
Founded in 2002, Pentura is a market-leading managed DLP provider within the UK. Through its highly accredited penetration testing, Data Leakage Prevention (DLP) and Governance, Risk & Compliance services (GRC) services, the company is recognised and respected in the UK for mitigating the risk for their clients by protecting mission-critical and sensitive data. This is achieved through consultancy-led, comprehensive services incorporating deployment of best-of-breed technologies.
 

The post InteliSecure acquires Pentura to create one of the world’s largest managed security services organisations appeared first on IT Security Guru.

]]> Raytheon acquires 80% of Websense to form new company https://www.itsecurityguru.org/2015/04/20/websense-rumoured-to-be-in-acquisition-deal-by-raytheon/?utm_source=rss&utm_medium=rss&utm_campaign=websense-rumoured-to-be-in-acquisition-deal-by-raytheon Mon, 20 Apr 2015 06:08:39 +0000 http://www.itsecurityguru.org/?p=10488 Raytheon is to acquire 80 per cent of Websense from its parent Vista Equity Partners to form a new company combining Websense TRITON with Raytheon’s advanced cyber security technologies. With an initial investment of $1.57 billion in net cash for majority ownership of the new company, which Vista will also invest into too, the new […]

The post Raytheon acquires 80% of Websense to form new company appeared first on IT Security Guru.

]]> Raytheon is to acquire 80 per cent of Websense from its parent Vista Equity Partners to form a new company combining Websense TRITON with Raytheon’s advanced cyber security technologies.
With an initial investment of $1.57 billion in net cash for majority ownership of the new company, which Vista will also invest into too, the new company will provide broad set of defense-grade solutions.
Following successful completion of the transaction, the new company will be a separately reported Raytheon business segment. The CEO of the new company will be Websense CEO John R. McCormack, while a board of directors will be established for the new company and will include representatives of both Raytheon and Vista Equity Partners.
Raytheon will contribute $1.9 billion (net of cash acquired) to acquire Websense, of which $600 million will be in the form of an intercompany loan to the joint venture. Raytheon will also contribute the assets of Raytheon Cyber Products and related intellectual property, which is valued at $400 million. It is anticipated that the transaction will close in the second quarter of 2015, subject to regulatory approvals and other closing conditions.
David C. Wajsgras, President of Raytheon Intelligence, Information and Services business, said: “Commercial companies are evolving their infrastructure with cloud computing, mobility and the Internet of Things to stay competitive and, as a result, they have become more vulnerable than ever.
“For nearly two decades, Raytheon has provided cyber security technology and support to some of the world’s largest organisations, spanning Government, retail and financial services. I am pleased to welcome John McCormack and the Websense team to Raytheon. Our joint venture will deliver the power of TRITON, a market leading integrated security platform, with the strength of SureView software products to protect commercial business across the globe.”
McCormack said: “As a cyber security market leader, Websense provides a proven technology platform, a team with depth and breadth of industry experience, over 21,000 customers, and a delivery channel of over 2,200 partners. The opportunity to provide our growing customer base with Raytheon’s patented technology positions us to serve customers as they manage the emerging and long-term cyber threat environment.”
Vista made its acquisition of Websense in 2013. Raytheon also bought privately held Blackbird Technologies, which provides cyber security, surveillance and secure communications to spy agencies and special operations units, for $420 million in November last year.
 
This story replaces an original report where the deal was rumoured to be taking place.
 
 

The post Raytheon acquires 80% of Websense to form new company appeared first on IT Security Guru.

]]> Singtel set to acquire Trustwave to boost MSSP offering https://www.itsecurityguru.org/2015/04/08/singtel-set-to-acquire-trustwave-to-boost-mssp-offering/?utm_source=rss&utm_medium=rss&utm_campaign=singtel-set-to-acquire-trustwave-to-boost-mssp-offering Wed, 08 Apr 2015 09:20:09 +0000 http://www.itsecurityguru.org/?p=10247 Singapore Telecommunications Limited has entered into a definitive agreement to acquire Trustwave   Asia’s leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and internet platforms as well as infocomm technology and pay TV, Singtel has presence in Asia, Australia and Africa.   The acquisition will strengthens Singtel’s […]

The post Singtel set to acquire Trustwave to boost MSSP offering appeared first on IT Security Guru.

]]> Singapore Telecommunications Limited has entered into a definitive agreement to acquire Trustwave
 
Asia’s leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and internet platforms as well as infocomm technology and pay TV, Singtel has presence in Asia, Australia and Africa.
 
The acquisition will strengthens Singtel’s information security capabilities and bolster Trustwave’s ability to expand its position in managed security services globally. According to Reuters, the acquisition is valued at $810 million (£543 million), making this Singtel’s biggest acquisition outside the main telecoms sector. Trustwave completed the acquisition of M86 Security in 2012.
 
Post-acquisition, Trustwave will operate as a standalone business unit of Singtel. Singtel said it plans to combine its information and communications technology with Trustwave’s broad portfolio of managed security services to boost its cloud-based solutions to encompass security services, to create an end-to-end ICT offering to business customers-bolstering Singtel’s leadership position in the managed services market.
 
Robert J. McCullen, chairman, CEO and President of Trustwave, said: “We are excited to join Singtel and to leverage its global presence and resources to accelerate worldwide adoption of our security solutions. Singtel is the perfect partner for us as we continue to help businesses fight cybercrime, protect data and reduce security risk, and the Trustwave team is thrilled to become a part of such a prestigious and innovative organisation.”
 
Chua Sock Koong, Singtel Group CEO, said: “We aspire to be a global player in cyber security. We have established a strong security business in the region, both organically and through strategic partnerships with global technology leaders. Our extensive customer reach and strong suite of ICT services, together with Trustwave’s deep cyber security capabilities, will create a powerful combination and allow Singtel to capture global opportunities in the cyber security space.”

The post Singtel set to acquire Trustwave to boost MSSP offering appeared first on IT Security Guru.

]]> Lastminute Data Protection https://www.itsecurityguru.org/2015/03/26/lastminute-data-protection/?utm_source=rss&utm_medium=rss&utm_campaign=lastminute-data-protection Thu, 26 Mar 2015 13:17:48 +0000 http://www.itsecurityguru.org/?p=10064 An interesting email dropped into my inbox back at the start of March, and made we wonder if the headlines are affecting the way that businesses interact with customers. The email in question came from Lastminute.com, that great bastion of the dotcom that if I am honest, I used once and had not been aware […]

The post Lastminute Data Protection appeared first on IT Security Guru.

]]> An interesting email dropped into my inbox back at the start of March, and made we wonder if the headlines are affecting the way that businesses interact with customers.
The email in question came from Lastminute.com, that great bastion of the dotcom that if I am honest, I used once and had not been aware I was even on a mailing list for anymore. But I am glad I was, as in announcing its acquisition by the Bravofly Rumbo Group, the company made the emphasis of the email about personal data security. That’s right, not benefits or better deals and lower prices, but my data was secure.
It read: “Your personal data will continue to be processed in accordance with the lastminute.com privacy policy that you agreed to when signing up to lastminute.com newsletters or when making a booking. LMnext UK Ltd is committed to respect the confidentiality of your personal data and will process it fairly and lawfully and in accordance with applicable data protection law.”
Signed by “the team at lastminute.com and Bravofly Rumbo Group”, this was really quite astonishing to read – my personal data was the most important thing for them to announce that they did an email shot to all of their database, which I can assume runs into millions of users.
I guess I was expecting a “see more” with some bad news, but no, it was just a clear detail that my data was secure despite the new ownership. Is this completely out of the blue? I asked Eduardo Ustaran, partner at law firm Hogan Lovells International LLP, what he thought, and he said that the new owner of lastminute.com is obviously doing the right thing to make sure the data collected by lastminute.com can continue to be used going forward.
“This evidences the huge value that customer data has when corporate transactions of this kind take place,” he said. “Getting the privacy and data security aspects of the transaction right can make all the difference between success and failure.”
He said that in this particular case, it was crucial for the company to ensure that the trust of lastminute.com’s customers is retained, which explains the carefully worded email sent by the new owner. “We are bound to see more of this as businesses realise that ensuring the right level of data protection compliance has a positive effect on the bottom line,” Ustaran said.
Of course, after a year where companies were in the security headlines for all the wrong reasons, this was rather refreshing. David Howorth, VP EMEA at Alert Logic, said he was surprised to see this announced so publically, and this could be because either: undoubtedly Lastminute take data protection seriously and want to be completely transparent to their customers that their data has been moved; or it could be that they are making this public disclosure to pre-empt questions on their security posture in moving the data.
Lastminute.com handles holiday bookings so therefore handles payment card data, and Howorth said that as credit card data is used for payment, the data is required to be stored for a minimum of one year to comply with regulations such as PCI DSS.
He asked: “What have Lastminute.com done with all their historical and archived data? Have they transferred that too? What will they do with all their event and log management data and all their customer profiling big data? How are they protecting that data and access to that data? Have they digitally destroyed the data they no longer need? What data protection legal loop holes have now opened up should there have been a breach in the transition process etc.?”
In fact, Howorth said that whilist we can applaud the move to keep customers informed, he said that it has identified many questions they haven’t answered in their letter to their customers.
So maybe this is a step sideways into more questions about regulation, rather than a simple “all your data is safe with us”. Either way, perhaps this is a step in the right direction, that personal data security is valued and not just treated as secondary importance behind financial data.
 
 
This originally appeared at Foursys.co.uk

The post Lastminute Data Protection appeared first on IT Security Guru.

]]> Blue Coat set to be acquired by investment firm for $2.4BN https://www.itsecurityguru.org/2015/03/10/blue-coat-set-to-be-acquired-by-investment-firm-for-2-4bn/?utm_source=rss&utm_medium=rss&utm_campaign=blue-coat-set-to-be-acquired-by-investment-firm-for-2-4bn Tue, 10 Mar 2015 15:25:30 +0000 http://1080698240.test.prositehosting.co.uk/?p=9755 Private investment firm Bain Capital has announced it is to acquire security vendor Blue Coat Systems in an all-cash transaction valued at approximately $2.4 billion. Blue Coat were acquired by investors Thoma Bravo for $1.3 billion in 2011, and completed the acquisition of Norman Shark in 2013. The transaction is expected to close during the […]

The post Blue Coat set to be acquired by investment firm for $2.4BN appeared first on IT Security Guru.

]]> Private investment firm Bain Capital has announced it is to acquire security vendor Blue Coat Systems in an all-cash transaction valued at approximately $2.4 billion.
Blue Coat were acquired by investors Thoma Bravo for $1.3 billion in 2011, and completed the acquisition of Norman Shark in 2013. The transaction is expected to close during the first half of 2015.
Gregory S. Clark, chief executive officer, Blue Coat Systems, said: “The world’s most trusted brands use Blue Coat, and the acquisition by Bain Capital sets us on the trajectory to further grow our portfolio, better serve our customers and help us prepare to return to the public markets.
“Bain Capital has a long history of accelerating growth, and I look forward to partnering with them in our journey to be one of the top performing security companies in the world.”
David Humphrey, a managing director at Bain Capital, said: “We are excited by the opportunity to work with Blue Coat’s world-class management team to grow the business organically and through acquisitions, and to ultimately return the company to the public markets.
“We are very impressed with the profitable growth the company has demonstrated and believe strongly in the future growth of the cyber security market and Blue Coat’s position in this important sector.”
Seth Boro, a managing partner at Thoma Bravo, said: “We are extremely proud of our partnership with Blue Coat, which has achieved substantial growth since going private in 2012, while positioning itself as a leading next generation security company. We look forward to watching Blue Coat continue to grow with its new investment partner.”

The post Blue Coat set to be acquired by investment firm for $2.4BN appeared first on IT Security Guru.

]]> Voltage Security to be acquired by HP https://www.itsecurityguru.org/2015/02/10/voltage-security-to-be-acquired-by-hp/?utm_source=rss&utm_medium=rss&utm_campaign=voltage-security-to-be-acquired-by-hp Tue, 10 Feb 2015 09:37:45 +0000 http://1080698240.test.prositehosting.co.uk/?p=9643 HP has signed a definitive agreement to acquire encryption provider Voltage Security.   Sitting alongside its other security offerings: SIEM technology ArcSight, integrator Vistorm and code review service Fortify, the acquisition of Voltage Security will complement HP Atalla, HP’s information security and encryption business.   Art Gilliland, senior vice president and general manager of enterprise […]

The post Voltage Security to be acquired by HP appeared first on IT Security Guru.

]]> HP has signed a definitive agreement to acquire encryption provider Voltage Security.
 
Sitting alongside its other security offerings: SIEM technology ArcSight, integrator Vistorm and code review service Fortify, the acquisition of Voltage Security will complement HP Atalla, HP’s information security and encryption business.
 
Art Gilliland, senior vice president and general manager of enterprise security products said that the  announcement aligns with HP’s focus on end-to-end protection of the data itself, helping enterprises neutralise the impact of a breach and proactively combat new security threats.
 
“Voltage’s powerful data-centric protection solutions will join the HP Atalla portfolio, expanding HP’s offerings in data classification, payments security, encryption, tokenization and enterprise key management,” he said.
 
“With Voltage, HP plans to offer customers unparalleled data protection capabilities built to close the gaps that exist in traditional encryption and tokenization approaches. This is particularly important for enterprises that interact with financial payments systems, manage workloads in the cloud, or whose sensitive data flows into Hadoop for analytics – making them attractive targets for cyber attackers.”
 
The transaction is expected to close in the first half of fiscal 2015, subject to customary closing conditions. Financial terms were not disclosed.
 
Javvad Malik, security analyst at 451 Research, told IT Security Guru that there is interest in encryption, but the commitment to the solution isn’t really evidenced.
 
“We see that the majority of encryption in enterprises is whole disk encryption (so you don’t lose an unencrypted laptop like Nationwide) and some email encryption,” he said. “Cloud is interesting particularly for EU firms which will have some selective encryption or tokenization to protect personally identifiable information and use the public cloud.
 
“Larger companies seem to be making crypto more a feature than a standalone product to push – so you get the whole end-to-end protection bundled in with other layers. Larger and higher end companies are probably more focused on key management and maintaining control or using HSM’s both on premise and in the cloud – but it is early days and remains out of the technical realm of most.”
 
 

The post Voltage Security to be acquired by HP appeared first on IT Security Guru.

]]>