May Cyber Intelligence Review
The month of April included several notable cybersecurity and Big Data headlines, as well as numerous M&A and venture capital (“VC”) transactions. The Associated Press’ Twitter account was hacked by the “Syrian Electronic Army,” which released erroneous tweets about a bombing at the White House, sending the stock market into a brief panic before rebounding. In the President’s proposed 2014 budget released on April 10, Pentagon cybersecurity spending was a big winner, expected to increase more than 20% from FY2013 to FY2014. Following the CIA-Amazon private cloud deal last month, DISA awarded a $45 million cloud contract in April to Alliance Technology Group, as the intelligence community continues to seek out storage-as-a-service, high security, and scalability in its Big Data and cloud procurement.
On the M&A front, Actian acquired ParAccel, a provider of Big Data analytic platform solutions. Fusion-io purchased NexGen Storage, a provider of solutions that accelerate Big Data, cloud computing, and performance applications, for $119 million. Security transactions include Haystax Technology’s acquisition of Digital Sandbox, a provider of National Security threat analysis and monitoring software, and Proofpoint’s purchase of Mail Distiller, a provider of email security solutions. In VC funding news, Ionic Security, a provider of unified cloud and mobility security solutions, raised a $9.4 Series A round to accelerate enterprise sales and increase awareness of the company’s Fusion platform. Guavus, a provider of Big Data analytics and business intelligence solutions, raised a $9.0 million Series E round to grow operations in Asia and pursue acquisitions. Finally, Apigee, a provider of API technology and services for enterprises and developers, received an undisclosed investment from In-Q-Tel, while entering into a strategic partnership and technology development agreement to support the missions of the Intelligence Community.