DATA SECURITY

Evolution Equity Partners Expands Focused Investment Platform for Cybersecurity

prnewswire | December 23, 2020

In 2020, Evolution activated a $250m Fund after fully investing a $125m Fund in 2019 and increased AUM to over $675m. The firm completed 8 investments this year including:

Quantexa – London based market leader in financial crime detection and real time AML/KYC. $56m Series C Round led by Evolution.
Unbound Technologies – New York City/Tel Aviv based market leader in secure multi-party computation and cryptographic keys. $20m Series B Round led by Evolution.
Awake Security – Palo Alto based leading network security platform. $36m Series C Led by Evolution.
(Stealth Company) – London based Quantum cybersecurity company. Early-stage financing led by Evolution.
Existing portfolio companies raised follow on rounds of financing in 2020 including:

DefinedCrowd – Seattle based AI/ML data platform leader.
Panaseer – London based continuous control monitoring cybersecurity leader.
Onapsis - Boston based application cybersecurity leader.
Logpoint – Copenhagen based security incident and event management (SIEM) leader.
CounterCraft – London based cyber deception and threat intelligence platform.
Evolution cybersecurity portfolio companies growth news:

Security Scorecard – Security Scorecard Accelerates on Pathway to 20 million Rated Companies
Truefort – Winner of 2020 Red Herring Top 100 North America Award
DFLabs – IncMan SOAR SaaS Cloud Platform Drives Growth
Richard Seewald, Founder & Managing Partner at Evolution, stated: "In 2020 Evolution continued to add talent and assets to a team of leading cybersecurity investors and company builders while partnering with trailblazing software companies expanding in global markets. As we look to 2021, there are a unique set of conditions that set the stage for cybersecurity entrepreneurs to make meaningful impact protecting critical infrastructure in cyberspace. Evolution is privileged to be partnering with these great companies."

Awards

Among many notable accolades awarded in 2020 to Evolution and our portfolio, we are pleased to be working with some of the fasted growing cybersecurity and enterprise software companies in the world.

Platform Expansion

Evolution launched a London office to compliment Palo Alto, New York City and Zurich and added professionals to expand the platform of expertise that serves portfolio companies. The firm has 15 investment professionals including two recent hires:

Ollie Bone, Associate – Prior to joining Evolution, Ollie led venture scouting for global corporates in defense, manufacturing and consulting. He ran an accelerator program for cybersecurity scaleups building a UK and global support network for founders where he worked with leading cybersecurity companies.

Eduardo Martinez, Associate – Eduardo is an associate at Evolution Equity Partners focused on sourcing and monitoring investment opportunities across the technology sector. He is in charge of portfolio management and reporting, performing valuation analysis and due diligence of investments.

Spotlight

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SOFTWARE SECURITY

LeanIX Announces Cloud Security Alliance Membership

LeanIX | March 11, 2022

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SOFTWARE SECURITY

ReliaQuest Expands GreyMatter Platform with support for Risk Scenarios and MITRE ATT&CK v10

ReliaQuest | February 18, 2022

ReliaQuest, the leader in Open XDR-as-a-Service, today announced the expansion of its GreyMatter platform with support for MITRE ATT&CK v10 and Risk Scenarios that visually maps and measures a security program’s detection coverage in terms of threats and cyber risks. This new feature enables security leaders to close the communications gap with business leaders while demonstrating how well their security program mitigates cyber risks of most concern to the enterprise. Many leaders are challenged with measuring the progress of their security program and the impact of their security investments. According to a recent Ponemon Institute Research report, 64% of security leaders say a lack of standardized security metrics to measure progress is the primary obstacle to implementing an IT security risk management program. What’s more, 58% say that the lack of a well-defined security and risk management program is what makes their organization most vulnerable to cyberattacks. With the ability to map coverage against Risk Scenarios, GreyMatter enables security leaders to have a real-time view into how they are performing against individual threats or cyber risks they are most concerned about. They can pinpoint any gaps in coverage and make informed decisions on how best to proceed with investments and actions to close these gaps. Breakdowns by cyber risk categories and subcategories within them help security leaders focus on areas of concern at a granular level. “Too often, leaders rely on technical metrics that lack a holistic view of how security tools are operating together, leaving them at a loss when it comes to communicating cyber risks to the business, What’s more, translating the effectiveness of security tools in a language that leadership understands poses even more of a challenge. Now, with Risk Scenarios, security leaders have a more comprehensive view into how much coverage they have across cyber risk areas that concern them the most. This will help them make informed decisions on how best to approach these issues and communicate them effectively to leadership.” Brian Foster, Chief Product Officer at ReliaQuest Additionally, ReliaQuest announced an upgrade of its support for the latest MITRE ATT&CK framework version 10. By upgrading to support v10 of the framework, GreyMatter users are better able to visualize and measure detection coverage aligned to the latest techniques. In line with keeping with improving efficiencies for security operators, GreyMatter delivers enhancements to reduce tool hopping by automating collection of various contextual information, aiding in faster investigations and further streamlining the security operations workflow. About ReliaQuest ReliaQuest, the leader in Open XDR-as-a-Service, is the force multiplier for security operations teams. ReliaQuest GreyMatter is a cloud-native Open XDR platform that brings together telemetry from any security and business solution, whether on-premises, or in one or multiple clouds, to unify detection, investigation, response and resilience. ReliaQuest combines the power of technology and 24/7/365 security expertise to give organizations the visibility and coverage they require to make cybersecurity programs more effective.

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DATA SECURITY

Wipro to Acquire Edgile to Strengthen its Leadership in Strategic Cybersecurity Services

Edgile | December 24, 2021

Wipro Limited, a leading global information technology, consulting and business process services company, today announced it has signed an agreement to acquire Austin, Texas headquartered Edgile, a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. Edgile is recognized by security and risk leaders for its unique business-aligned cybersecurity capability, deep understanding of the changing regulatory environment and enabling cloud transformations that help secure the modern enterprise. In addition, the company’s “strategy-first” approach and “Quick Start” solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services. Together, Wipro and Edgile will develop Wipro CyberTransform™, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, Wipro CyberTransform™ will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains all in a highly secure manner. “Adding Edgile’s strategic consulting capabilities and launching Wipro CyberTransform™ are significant milestones on our journey to becoming the trusted partner to security leaders and boardroom stakeholders. I see the team blending very well with Wipro’s CyberSecurists to deliver transformational cybersecurity on a global scale.” Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro Don Elledge, Chief Executive Officer, Edgile, said, “We are immensely thrilled to join Wipro, a company we admire for its values and deep technology capabilities. Our collective full spectrum of cybersecurity risk consulting and security management capabilities will help our global customers to continue to securely embrace their digital transformation journey and sustain their on-going risk management priorities.” Earlier this year, Wipro strengthened its cybersecurity business by acquiring Ampion, a leading provider of cybersecurity services in Australia, and the cybersecurity practice at Capco, a leading consultancy in the BFSI sector in Europe and the US. Additionally, through its Wipro Ventures arm, the company continues to invest in innovative cybersecurity start-ups, demonstrating the firm’s strong commitment towards providing industry leading cybersecurity solutions across sectors and regions. Abry Partners, a minority private equity investor in Edgile, will fully exit its investment in Edgile as a result of this transaction. Piper Sandler acted as financial advisor to Edgile and Stone Key Partners LLC acted as financial advisor to Wipro for the transaction. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. About Edgile Edgile is the trusted leader in cybersecurity transformation and risk services partnering with the world’s leading organizations, including 31% of the Fortune 100 and 20% of the Fortune 500. Our strategy-first model optimizes today’s enterprise journey to the cloud and modernizes identity and security programs through a risk lens and expert compliance knowledge. We secure the modern enterprise by transforming risk into opportunity with solutions that increase business agility and create a competitive advantage for our clients.

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DATA SECURITY

IT-Harvest Launches the Analyst Dashboard for Cybersecurity

IT-Harvest | March 31, 2022

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Spotlight

McAfee mobile solutions offer customers the confidence to safely connect, surf, shop and socialise online knowing that their data, device and privacy are safe. If your mobile device gets lost, stolen, infected with a virus, or an app unknowingly mines your personal information, you could lose your personal data, but also could possibly expose yourself, your friends, or your colleagues to financial fraud and identity theft. That's why McAfee provides an award-winning security solution that's as mobile as you are. Protect your mobile device with McAfee and do more with confidence.

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