Cybersecurity Acquisitions in Utah

HeroDevs raised $125 million in a strategic growth investment led by PSG with participation from existing investor Album. The funding will be used to expand HeroDevs' Never-Ending Support solutions and includes a $20 million commitment to an Open Source Sustainability Fund to support end-of-life open-source projects.

Iron Bow Technologies has acquired GuardSight, Inc., a Cedar City, Utah-based managed detection and response (MDR) and SecOps provider. The deal expands Iron Bow's cybersecurity capabilities, enabling the combined company to offer more comprehensive zero-trust solutions and managed services across government and commercial markets.

Vectra AI acquired Siriux Security Technologies to extend its identity and SaaS posture management capabilities, integrating Siriux's analytics for Microsoft Azure AD and Microsoft 365 into Vectra's AI-driven threat detection platform. Siriux will operate under the Vectra brand; financial terms were not disclosed.

Crosspoint Capital Partners has completed a strategic investment in DigiCert, joining existing owners Clearlake Capital and TA Associates. The capital and Crosspoint's cybersecurity expertise are intended to support DigiCert's next phase of growth in digital trust solutions; the company also appointed Dave Morton as CFO and added Crosspoint partners to its board.

Sophos has acquired Braintrace, a Salt Lake City–based developer of Network Detection and Response (NDR) technology, to enhance Sophos' Managed Threat Response (MTR), Rapid Response and XDR capabilities. Braintrace's engineers and analysts will join Sophos' teams and its NDR technology will be integrated into Sophos' Adaptive Cybersecurity Ecosystem to improve detection, threat hunting and response.

Arcserve announced regulatory approval and completion of its merger with StorageCraft, creating a combined global data management and protection vendor. The merger expands Arcserve's product portfolio and global reach to provide integrated backup, disaster recovery, and ransomware protection solutions to channel partners and customers.

Baird Capital’s venture team led a $12.2 million Series C financing in Appdetex, a global brand-protection technology provider, with participation from existing investors First Analysis, Origin Ventures, and EPIC Ventures. The funding will be used to enhance Appdetex’s patented detection and enforcement technologies and to grow its sales and service teams to support a fast-growing enterprise customer base.

Thoma Bravo has completed a strategic growth investment in Venafi, the inventor and market leader in machine identity management, valuing the company at $1.15 billion. The capital will be used to accelerate Venafi's product innovation and global growth while existing investors TCV and Foundation Capital remain shareholders.

Exterro Inc., a portfolio company of Leeds Equity Partners, acquired AccessData to combine digital forensics, e-discovery and Legal GRC capabilities into a single integrated enterprise platform. The deal, announced December 3, 2020, brings AccessData’s forensic tools (including FTK) and ~500 employees into Exterro’s offering to accelerate product innovation and broaden coverage across corporate, government and legal end markets; terms were not disclosed.

NetSPI has acquired Silent Break Security, a Lehi, Utah-based penetration testing and adversary simulation firm, to expand its offensive security capabilities and integrate Silent Break's software into NetSPI's Resolve PTaaS platform. Brady Bloxham, Silent Break's founder, will become NetSPI's Chief Technology Officer and the Silent Break team will continue operating from Lehi and across the U.S.

ConnectWise, a portfolio company of Thoma Bravo, acquired cybersecurity firms StratoZen and Perch Security to expand its Fortify security management and unified Asio/Fusion platform capabilities for MSPs/TSPs. StratoZen (Salt Lake City) provides a SOAR platform and managed security services to ~1,000 organizations, while Perch offers an MSP-designed SIEM; both will be integrated into ConnectWise's security and SOC offerings.

Clearlake Capital Group and TA Associates have completed a strategic growth investment in DigiCert, with the management team continuing to lead and investing alongside the new investors. The capital will be used to accelerate product development and automation of certificate management, expand DigiCert's PKI, TLS/SSL and IoT security offerings, and support organic and inorganic growth initiatives.