Tag: Mergers and acquisitions
The company says the addition of the MSSP-focused Pillr platform ‘accelerates OpenText’s cybersecurity product road map.’ OpenText said Wednesday it has acquired the Pillr managed detection and response (MDR) platform from cybersecurity services powerhouse Novacoast. The terms of the deal were not disclosed. The acquisition deal will see some employees joining OpenText along with the…
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Despite being one of the top SIEM tools for years, IBM QRadar is ‘basically surrendering—in the transition to the cloud—to another vendor,’ a Forrester analyst tells me. The deal was announced the same day as another surprise move in the market, in a sign of the fading fortunes of traditional SIEM vendors. If last week’s…
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The agreement to acquire IBM’s QRadar SaaS assets also opens the door for Palo Alto Networks to pursue the ‘much larger prize’ of migrating on-premises QRadar customers to XSIAM, CEO Nikesh Arora said Monday. Palo Alto Networks’ agreement to acquire IBM’s QRadar SaaS assets is poised to rapidly elevate the cybersecurity vendor’s position in the…
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The acquisition is the largest in CyberArk’s history, according to an analyst. CyberArk announced a deal Monday to acquire machine identity specialist Venafi from private equity firm Thoma Bravo for $1.54 billion. The acquisition is the largest in the 25-year history of identity security and access management firm CyberArk, according to Shaul Eyal, managing director…
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For the week ending May 17, CRN takes a look at the companies that brought their ‘A’ game to the channel including Palo Alto Networks, WekaIO, Alkira, Hewlett Packard Enterprise, Kyndryl and Ampere. The Week Ending May 17 Topping this week’s Came to Win is cybersecurity giant Palo Alto Networks, which is making a key…
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The companies say they will ‘facilitate the migration’ of QRadar SaaS customers to Palo Alto Networks’ Cortex XSIAM platform once the deal closes. Palo Alto Networks said Wednesday that it has reached a deal to acquire IBM’s QRadar software-as-a-service assets, as part of the cybersecurity giant’s drive to bring more customers onto its Cortex XSIAM…
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The deal to bring together two players in the SIEM (security information and event management) space follows big moves in the market including Cisco’s $28 billion acquisition of Splunk. LogRhythm and Exabeam announced Wednesday that the two companies have reached an agreement to merge in a significant consolidation deal for the cybersecurity industry. The terms…
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“It works with VMware. And it also works with RedHat and every hypervisor and container platform. It’s developer friendly. It works in all the public clouds. It works on-prem. It works colo. It works everywhere. We’ve been having great momentum with that,” Dell Technologies’ CEO Michael Dell said of the company’s PowerFlex in an interview…
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Thorbecke most recently worked for well-being platform maker Virgin Pulse as it completed a $3 billion merger. ConnectWise has tapped Rik Thorbecke, an executive who most recently worked for well-being platform maker Virgin Pulse as it completed a $3 billion merger, as its new chief financial officer. Thorbecke, who assumes his role on Monday and…
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‘The market is still kind of slowing down [but] the number of deals is still better than before the pandemic, so it’s not the end of the world,’ says John Holland, managing director of Corporate Finance Associates. Due in large part to high interest rates, IT services M&A transactions and the aggregate value of those…
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