SingTel Sells Stake in Trustwave for $205m
Singapore Telecommunications (SingTel), the largest telecom company in Southeast Asia, made headlines in October with the announcement of the sale of its stake in US-based Trustwave to MC2 Titanium, LLC for $205 million. The transaction is set to be finalized by the end of the fourth quarter of 2023. MC2 Titanium, LLC is affiliated with the Chertoff Group, a renowned security advisory firm.
KPMG Canada Expands IAM Portfolio with IMagosoft
KPMG Canada made a strategic move in the cybersecurity sector by acquiring IMagosoft, a Calgary-based identity security company, on October 3. The deal, which was finalized in late September, will enable KPMG Canada to enhance its identity and access management (IAM) offerings. While the financial terms of the acquisition were not disclosed, this partnership is expected to bolster KPMG Canada’s position as a leading consultancy in the cybersecurity realm.
Okta Buys Password Manager Uno in Personal Digital ID Pivot
Okta, a prominent enterprise identity and access management (IAM) provider, expanded its portfolio by acquiring Uno, a password manager developed by a former Google engineer and backed by Andreessen Horowitz. The acquisition, announced on October 4, will support Okta’s venture into consumer digital identity with the launch of Okta Personal. This strategic move aligns with Okta’s commitment to enhancing digital security and user experience in the personal identity space.
Unoideo Technologies’s TrustCheckr Joins Truecaller
Truecaller, known for its caller ID and spam-blocking services, added another dimension to its offerings by acquiring Unoideo Technologies Pvt Ltd on October 6. Unoideo Technologies is the creator of TrustCheckr, a software platform that helps businesses verify customer information and detect fraud risks using phone numbers and digital signals. The acquisition of TrustCheckr underscores Truecaller’s dedication to enhancing its fraud detection capabilities and strengthening its position in the cybersecurity market.
Arctic Wolf Reveals Interest in Buying SOAR Provider Revelstoke
Arctic Wolf, a leading incident response company, expressed its intent to acquire Revelstoke, a US-based provider of security orchestration and automated response (SOAR) solutions. The acquisition, announced on October 10, aims to streamline security operations by leveraging automation and AI technologies. While the financial specifics of the deal were not disclosed, this strategic move is expected to bolster Arctic Wolf’s capabilities in responding to cyber threats efficiently and effectively.
Blockchain Intel Platform TRM Labs Acquires Bitcimabuse.com
TRM Labs, a provider of blockchain intelligence solutions, made a significant acquisition on October 11 by purchasing Bitcoinabuse.com. This acquisition will enable TRM Labs to enhance its Chainabuse platform, which specializes in reporting malicious activities in the cryptocurrency space. The integration of Bitcimabuse.com’s capabilities into TRM Labs’ offerings signifies a strategic step towards combating crypto-related fraud and enhancing blockchain security.
Proofpoint Completes Acquisition of Tessian
Proofpoint, a subsidiary of Thoma Bravo, made a major move in the cybersecurity domain by acquiring Tessian, a UK-based cloud email security provider, on October 30. Tessian, known for its innovative email security solutions, was acquired by Proofpoint for an undisclosed sum. This acquisition underscores Proofpoint’s commitment to strengthening its position in the email security market and enhancing its offerings to customers worldwide.
Palo Alto Buys Israeli Firm Dig Security
Palo Alto Networks, a leading cybersecurity company, announced its acquisition of Dig Security, an Israel-based provider of data security posture management (DSPM) technology. The acquisition, revealed in October, will see Dig Security’s capabilities integrated into Palo Alto’s Prisma Cloud platform. While the financial details of the deal were not disclosed, this strategic move is expected to enhance Palo Alto’s cybersecurity offerings and solidify its position as a key player in the cybersecurity industry.