Work from home and increasing cyber threats will drive cybersecurity M&A
Deal activity in the cybersecurity sector is being driven by a combination of rising cyber threats and more people working from home. Earlier in 2020, Francisco Partners and Vector Capital-backed cybersecurity company WatchGuard Technologies acquired network security provider Panda Security. Mergers & Acquisitions spoke with WatchGuard CEO Prakash Panjwani about the Panda deal and M&A trends in the sector.
Planful Raises Equity Round to Meet Increasing Demand for Its Cloud-Based FP&A Solution
REDWOOD CITY, Calif., June 25, 2020 /PRNewswire/ -- Planful Inc. (formerly Host Analytics), a leading financial planning and analysis (FP&A) cloud platform provider, today announced that the company has raised an equity round led by Vector Capital, a leading global private equity firm that specializes in transformational investments in established technology businesses. The equity round also included existing investors StarVest Partners and Monroe Capital. Planful expects to use the proceeds to meet growing global demand for its cloud-based FP&A solution and interest in its Continuous Planning vision.
CloudSense Appoints Jonathan English as Chief Executive Officer
LONDON, June 25, 2020 /PRNewswire/ -- CloudSense, a leading Commerce and Subscriber Management platform, today announced the appointment of Jonathan English, a distinguished executive with proven experience accelerating go-to-market efforts at high growth software businesses, as the company's new Chief Executive Officer.
WatchGuard Technologies Completes Acquisition of Panda Security
SEATTLE and MADRID, June 02, 2020 (GLOBE NEWSWIRE) -- WatchGuard Technologies, a leading global provider of network security and intelligence, secure Wi-Fi and multi-factor authentication, today announced that it has closed the acquisition of the advanced endpoint protection provider, Panda Security. WatchGuard announced the signing of a definitive agreement to purchase Panda in March 2020. Panda is now a wholly-owned subsidiary of WatchGuard, and the combined company will enable its current and future customers and partners to consolidate their fundamental security services for protection from network to endpoint under a single company.
Vector Capital Completes Sale of Saba Software to Cornerstone OnDemand
SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful sale of Saba Software, a leading provider of cloud-based talent management software, to Cornerstone OnDemand, Inc., (Nasdaq: CSOD) for approximately $1.295 billion.
WatchGuard Technologies to Acquire Panda Security, Extending Simplified Security from Network to Endpoint
SEATTLE and MADRID – March 9, 2020 – WatchGuard Technologies, a leading global provider of network security and intelligence, secure Wi-Fi and multi-factor authentication, today announced that it has entered into a definitive agreement to acquire Panda Security, a leading global provider in advanced endpoint protection. Once the integration is complete, our joint customer and partner community will benefit from a powerful security platform that bridges the network and user perimeter, touting the same combination of innovative security features, and simplified packaging, deployment and management capabilities that both companies are known for today.
Why Cornerstone will pay $1.4 billion for once-troubled rival talent management firm Saba
Cornerstone OnDemand Inc. announced this week that it will acquire Saba Software for about $1.4 billion in cash and stock — about a billion dollars more than the once-public Saba was sold for five years ago.
KELA Wins InfoSec Award at RSA Conference 2020
KELA, a darknet threat intelligence provider, today announced it has been awarded the InfoSec Award for the Cutting Edge Threat Intelligence category from Cyber Defense Magazine (CDM). The award recognizes information security innovators for startups, early stage, late stage and public companies.
Cornerstone to Acquire Saba
Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in people development solutions, today announced it has entered into a definitive agreement to acquire Saba, a global leader in talent experience solutions and a portfolio company of Vector Capital.Saba has over 20 years of industry experience developing, delivering and supporting learning, performance and recruiting product solutions. The cash and stock transaction is valued at approximately $1.395 billion and has been unanimously approved by the boards of directors of both companies.
Emarsys Named a Leader in Cross Channel Campaign Management by Independent Research Firm
Emarsys, a powerful marketing platform that accelerates customer engagement strategies to deliver rapid business outcomes, announces that it has been named a Leader in the recently published report: The Forrester Wave:™ Cross Channel Campaign Management (Independent Platforms), Q4 2019. In the report, Forrester gives Emarsys top ranking in the strategy, market presence and current offering categories, with the highest rating possible in 22 criteria.