Splunk: Deal-Closing Rate Rebounded In Fourth Quarter
Company sees continued demand for its big data platform for digital security tasks, says SolarWinds attack highlights the need for “timely detection capabilities.” By Rick Whiting March 04, 2021, 03:10 PM EST
A slowdown in deal closings big data software developer Splunk experienced in its fiscal third quarter, which the company attributed to ongoing uncertainty from the COVID-19 pandemic, did not continue into the fourth quarter, company executives said this week in announcing Splunk’s fiscal 2021 fourth-quarter and year-end results.
Splunk CEO Doug Merritt (pictured), during an earnings call with financial analysts, also noted that the fallout from the SolarWinds cybersecurity attack points to the value of the Splunk Enterprise and Splunk Cloud platforms and Splunk Enterprise Security solution for detecting and responding to cybersecurity hacks.
The Microsoft Ignite 2021 conference includes a number of announcements of new Microsoft Teams features, such as shared channels, as well as security updates for solutions including Microsoft Defender and Azure Sentinel.
TPG Capital To Buy Thycotic For $1.4B, Merge It With Rival Centrify: Report
The deal between TPG and privileged access management vendor Thycotic was signed Monday but has yet to close. It will lead to the private equity firm combining Thycotic with recently acquired rival Centrify. By Michael Novinson March 02, 2021, 11:19 AM EST
TPG Capital has agreed to purchase privileged access management (PAM) vendor Thycotic for $1.4 billion and combine it with recently acquired competitor Centrify, PE Hub reported.
The deal between San Francisco-based TPG and Washington, D.C.-based Thycotic was signed Monday but has yet to close, sources told PE Hub. Thycotic’s $1.4 billion valuation translates into an 11.6X revenue multiple, according to PE Hub, which reported last month that Thycotic generates $120 million in sales and is nearly even on earnings before interest, taxation, depreciation and amortization (EBITDA).
SentinelOne Eyes $10B IPO For Later This Year: Report
A $10 billion market cap would be more than triple SentinelOne’s $3 billion valuation in November and would be the highest valuation for a newly traded pure-play cybersecurity company. By Michael Novinson March 01, 2021, 10:37 AM EST
SentinelOne is interviewing bankers about an initial public offering listing that could value the endpoint security vendor at more than $10 billion, according to Bloomberg.
The IPO could happen this year, Bloomberg reported late Friday, although sources cautioned that SentinelOne’s plans are in the early stages and the IPO timing and valuation could still change. SentinelOne didn’t respond to a CRN request for comment.
Asset Management Firm Axonius Raises $100M To Go Global
The Series D funding round was led by private equity firm Stripes comes on the heels of Axonius doubling headcount during the pandemic as well as triple-digit annual recurring revenue growth in 2020 By Michael Novinson March 01, 2021, 08:22 AM EST
Axonius closed a Series D funding round and achieved unicorn status as the cybersecurity asset management startup looks to scale growth globally and expand its platform.
The New York-based company said the $100 million round was led by private equity firm Stripes and comes on the heels of doubling headcount during the pandemic as well as triple-digit annual recurring revenue growth in 2020. With the funding, Axonius said it becomes the latest cybersecurity vendor to achieve a valuation of more than $1 billion.