News & Events

July Cyber Intelligence Review

The month of June saw several cybersecurity and Big Data headlines, as well as strong M&A and venture capital (“VC”) activity.  A Pentagon cybersecurity spending outline released by Bloomberg on June 10th highlighted $23 billion in spending through 2018, focusing on network security and developing offensive capabilities.  Leaked classified  documents related  to Presidential Directive 20 indicate that federal officials have been actively formulating rules of engagement for cyberspace,  in order to  determine appropriateness of offensive versus defensive cyber operations.

On the Big Data front, Accel Partners launched its $100 million Big Data Fund 2 to invest in data-driven software companies, while Bloomberg entered the VC world  with a $75 million fund focused on companies that produce insights from data. Lastly, DISA released a request-forproposal  for a  $450 million cloud contract, garnering interest  in light of  IBM’s successful  protest of  Amazon Web Services’ reported CIA cloud contract award in March.

On the M&A front, Nippon Telegraph and Telephone Company acquired Solutionary, a pure-play provider of security analytics solutions, and Malwarebytes Corporation purchased ZeroVulnerabilityLabs, a provider of research and development services for cyber vulnerabilities and  exploits.  In addition,  Cisco Systems bought Composite Software, a provider of  data virtualization software and services, for ~$180 million. In VC funding news,  Hortonworks, a provider of Hadoop-based Big  Data  solutions, raised a $50 million Series B round to scale  global field operations  and expand  engineering and development.  GoodData, a provider of business intelligence solutions, raised a $22 million Series D round to bring Big Data solutions to the Latin American market.  Finally, Applied Predictive Technology, a provider of  cloud-based predictive analytics software, received a  $100 million minority investment  from Goldman Sachs  to promote expansion to new industry verticals and international markets.

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