B2B News for Wednesday, 10 February 2021

B2B News
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Have you been feeling safe and secure while doing remote work in pajamas? I think B2B industries might have noticed.

 

Newtown Lane Marketing and Appgate, a software solutions company that secures specific access to resources, announced a merger agreement yesterday. Once the merger is completed, Appgate will cease to be privately-held. With the company’s change to public company, it will have access to financial resources to invest in growth, scale, and get-to-market strategies. With its merger and new public status, the company has been valued at $1 billion US.

 

Press release: https://www.appgate.com/news-press/appgate-a-leading-cybersecurity-company-to-merge-with-public-company-newtown-lane-marketing

 

With security apps making mergers, Security Intelligence issued a warning that security threats tend to increase during the M&A process.

 

Press release: https://securityintelligence.com/posts/cloud-security-considerations-during-mergers-and-acquisitions/

 

A safety-related buy out immediately followed security news in today’s run of press releases. Bertram Capital’s is buying Safety Products Holdings. They are a manufacturer of safety cutting tools that both promote employee productivity and reduce workplace injuries. It’s known for supplying two brands, Pacific Handy Cutter and Klever Innovations to manufacturers.

 

Press release: https://www.prnewswire.com/news-releases/barings-backs-bertram-capital-in-buyout-of-safety-products-301222784.html

 

Enterprise firewall ratings also came out yesterday. There is no need to mention the specific report as you’ll already have a special offer to buy it in your spam folder by now. The ranking reporters might as well fight for their share of the cyber security funds out there.

 

Late Monday afternoon BeyondID, an SI and MSP in the cyber security and cloud services sector, announced its closure of Series A funding for $9 million US. The funds come from Tercera, an investment and advisory company that specializes in the cloud professional services market.

“We are thrilled to partner with Tercera to expand our footprint in the Okta ecosystem and broaden our identity and cyber security offerings,” said Arun Shrestha, CEO and co-founder of BeyondID. “Tercera’s investment will help us meet the growing demand organizations have for more secure access to their critical data and higher performing cloud identity solutions.”

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Kate Baggott

Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/