June Cyber Intelligence Review

The month of May featured several cybersecurity headlines, in addition to many M&A and venture capital (“VC”) transactions.  A confidential report prepared by the Defense Science Board  listed advanced weapon system designs,  such as those of the Patriot missile and Aegis ballistic missile, that have been compromised by Chinese cyberspies.  Amidst frequent and high-profile cyber breaches in both the government and private sector,  VCs  invested  about  $350 million into IT security deals in 1Q13, up 90%  over  1Q12[1]. On the Big Data front, President Obama signed an executive order that mandated all  legally-permissible  federal data be made publicly accessible in machine-readable format.

On the M&A front, Blue Coat Systems (a portfolio company of Thoma Bravo)  acquired Solera Networks, a provider of  security analytics and forensics  solutions;  Vista Equity Partners  purchased  publicly-traded Websense, a provider of web, email, and data security solutions, for  nearly  $1 billion; and  Haystax Technology acquired FlexPoint Technology, a provider of security services and cloud computing solutions. In VC funding news,  Digital Signal Corporation, a provider of 3D  long-range facial recognition solutions for government and commercial clients,  raised a $50 million Series D round to expand sales, distribution, and manufacturing.  AirWatch, a provider of  mobile security and mobility management solutions, raised  another $25 million to extend its Series A round  from  February 2013  to a total of $225  million.  Finally, Cloudant, a provider of  data hosting and analytics solutions, raised  a  $12 million Series B  round  to  support global expansion and grow support, service, and go-to-market strategies.


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