March Cyber Intelligence Review
February was a strong month for venture capital (“VC”) funding activity and cyber headlines, while M&A transaction activity remained light for the second month in a row. On February 12, President Obama signed an Executive Order that established a public-private cyber threat information-sharing regime, and voluntary set of cybersecurity standards for the private sector. The Executive Order represents the remnants of the failed Cybersecurity Act of 2012.
In related news, Mandiant, a Virginia-based cybersecurity firm, made headlines when it released results from an investigation that determined the Chinese government is complicit in funding and directing certain cyberattack groups based in China. The U.S. government is contemplating what measures to take to combat future state-sponsored cyber threats originating from China.
On the M&A front, IBM continued a string of Big Data acquisitions with its purchase of Star Analytics, a provider of business intelligence (“BI”) automation solutions. Silver Lake’s bid to take Dell private sent shockwaves throughout the IT industry, leading some industry observers to suggest it marks the end of an era for the world’s third largest computer maker.
In VC funding news, Airwatch, a provider of enterprise-grade mobile device management (“MDM”) and mobile security solutions, raised a $200 million Series A round to fuel acquisitions and help the company drive marketing and sales efforts. Cylance, a company developing products to secure critical infrastructure and identify future attacks, raised a $15 million Series A round to accelerate product delivery. Finally, New Relic, a provider of Big Data end user experience monitoring solutions, raised an $80 million Series E funding round to expand offerings into the mobile market, and possibly prepare for an IPO.