Top Boston Tech Hires and M&A in May | Asimov Raises $4.7M

KG: Hi folks, today Dylan’s out on vacation, so Lucy and I will be hosting this edition of the Beat. If you like it, forward it.

KG: As we do at the end of every month, we publish a recap of the Boston tech startups that were acquired or shut down.

Lucy: May 2017 will be remembered as the month of major cybersecurity deals, with Microsoft reportedly buying Hexadite for $100M and CyberArk confirming it has acquired Conjur for $42M. One of the other big May deals was the private equity acquisition of SmartBear Software, which was reportedly sold for $410M. In the edtech arena, Quickhelp has been acquired by San Francisco startup Yup for an undisclosed amount.

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Waltham cybersecurity firm CounterTack tacks on $20M from strategic investors

CounterTack Inc., a Waltham-based cybersecurity firm that has already raised more than $70 million from Goldman Sachs and others, announced Tuesday it has tacked on another $20 million in a Series D round of funding.

The latest round involves two new investors. It’s led by Singtel Innov8, the venture arm of Singapore telecom giant The Singtel Group, with participation from SAP National Security Services, a division of German software giant SAP (NYSE: SAP) that focuses on data and analytics technologies to benefit U.S. national security organizations.

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Uber may tune into Spotify IPO

Fortune scribe Adam Lashinsky has a new book out out on Uber, and toward the end includes this anecdote from a private plane trip in China last summer:

“Kalanick loves nothing more than to bat around ideas, the zanier the better. He wonders aloud to Emil Michael, his top deal-maker and fund-raiser, if Uber could go public without investment bankers. Michael, a lawyer by training, suggests instead a reverse merger… Kalanick suggests using no bankers but giving 3% of the capital raised ― the fee bankers would have received ― to charity…

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Armed robbers of the Internet

On Feb. 4, 2016, as employees left work to enjoy their weekends, the central bank of Bangladesh began firing off dozens of transfer orders to the Federal Reserve Bank of New York, asking to remove money from its accounts — almost $1 billion.

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Google and Intertrust launch PatentShield to protect startups from patent lawsuits

One of the biggest hurdles you can run into when starting a company is the issue of patents. Often larger companies don’t like the competition whether or not they actually have a patent on your technology. There’s right and wrong, but independent of the merit of a case brought against you, it doesn’t matter if you can’t defend yourself. Now Google and Intertrust are launching a new service called PatentShield that provides startups with access to a patent portfolio from contributing companies like Google, giving them a means of defending patent-based attacks with their own.

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PatentShield is Google’s attempt at letting startups fight against patent litigations

The Tech Portal:

Patent litigations are drawn out and messy affairs. No company wants to be taken to courts regarding its patents. That is particularly true when you are a startup. Along the same, Google has announced the launch of  PatentShield. As the name implies, this is something that will protect you from unnecessary patent litigations. However, you will have to part from some equity.

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Chaos in the enterprise: How digital transformation drives agility, continuous development

To achieve digital transformation, new IT technologies, processes, applications, systems and protocols need to be adopted and updated on a regular basis

In today’s data-driven economy, consumer expectations for services anywhere, anytime have led to a need for organizations to become more agile and increase their speed of deliver exponentially. Gone are the days when product and service updates were delivered on a monthly basis, instead we have reached a point where an environment of continuous development is becoming required to meet the ever-evolving needs of users.
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Is your digital transformation strategy prepared for IoT?

Digital transformation (DX) is a trend that continues to sweep across industry sectors, supporting the shift from physical to digital assets and the adoption of new data-driven business models. Countless internet brands — including Amazon, Netflix, Airbnb and Uber — have already redefined business models in their respective industries, and organizations around the globe are moving towards new approaches to compete with these agile market entrants in order to meet the evolving needs of their customers.

Read the article by Michael Segal here.

Controlling Chaos: DevOps And Digital Transformation

Combined with DevOps, the rapid pace of digital service development creates challenges for enterprises.

Most enterprises have already begun shifting their strategies to align with their current environment, which leverages the value of data more than that of physical assets, and sees all industries increasingly powered by and reliant on digital information technology and processes. The fact that businesses have only begun to adapt is testament to the fluid and evolving nature of digital transformation. Multiple IT technologies, processes, applications, systems, and protocols need to be adopted and updated on a regular basis in order for businesses to keep abreast of changes. This does, of course, result in significant disruption for all involved.

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Insights from the Tech Awards on ways to improve lives using technology

by Catherine Cheney

One night a year, leaders in the technology and innovation sector gather for what some call the Oscars of Silicon Valley, where in a glamorous setting they turn their attention to the importance of not so glamorous technologies.

Launched in 2000, The Tech Awards is a program of the Tech Museum of Innovation, located in San Jose, California. This year was a retrospective of the past 15 years was recognizing technology that benefits humanity. Devex spoke with some of the leaders gathered about the ways innovation can improve lives in low resource settings.

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Stand-alone servers are alone no more

screen-shot-2016-09-28-at-12-29-06-pmHyper-converged infrastructure has shaken up the server market, and stand-alone servers are certainly on “Treacherous Ground.” The stand-alone server has been replaced by integrated appliances faster than it took you to read this sentence. And recent trends show that more bundling and integration is the future of data center hardware.

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Bain Capital Ventures funds Cloudistics

private-capitalReston, Virginia-based Cloudistics, a provider of a superconverged enterprise cloud platform, announced that it has raised $15 million in Series A funding. Bain Capital Ventures led the round. Ben Nye, managing director at Bain Capital Ventures, will join the company board as a result of the funding. The company was previously self-funded by the co-founders.

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Who really hacked Sony? Cybersecurity researchers say they finally know

Who really hacked Sony? Cybersecurity researchers say they finally know

christian-science-monitorA group they’ve dubbed “Lazarus Group” is well organized and tied to numerous other attacks on governments, banks, and military institutions in the US and South Korea since 2009.

By Jack Detsch, Staff writer

February 24, 2016

More than a year after the devastating Sony Pictures hack, a trio of cybersecurity firms claim to have pinpointed the culprits behind the breach that rattled Hollywood and invigorated President Obama’s cybersecurity agenda.

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The hackers that took down Sony Pictures are still on the attack, researchers say

washington-postAfter Sony Pictures Entertainment was hacked shortly before Thanksgiving of 2014, the attackers – who dubbed themselves the “Guardians of Peace” – went quiet.

Or so it seemed.

But now researchers say they’ve linked the attackers – whom the U.S. government has said were directed by North Korea — to a chameleon-like group active since at least 2009 and still on the digital warpath, attacking systems in South Korea and elsewhere in Asia.

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The Sony Hackers Were Causing Mayhem Years Before They Hit the Company

wiredThe hackers who crippled Sony in 2014 weren’t striking for the first time. New research indicates that these hackers are part of a prolific group that’s been active since at least 2009, and which appears to be responsible for more than 45 families of malware used in attacks since then.

Using the Sony malware as a starting point, a number of researchers have traced connections between that hack and a constellation of other attacks that they say can be attributed to a team of hackers they’re calling the Lazarus Group.

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Ruckus Tackles In-Building Cellular Problem

logoNew OpenG technology uses Citizens Broadband Radio Service in the 3.5 GHz spectrum.

There has always been industry interest in somehow leveraging the distributed enterprise WLAN to remedy the problem of poor in-building cell coverage, but past attempts have never really gotten off the ground. Ruckus Wireless has introduced a new technology that leverages fresh spectrum, and this architecture looks promising.

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Flaky network hobbling your phone at the game or hotel? Freed-up airwaves could help

cnetRuckus Wireless has some big-name allies for its push to get better wireless coverage at hotels, stadiums and universities.

I Did All My Holiday Shopping on Jet.com and Here’s What Happened

bostAmazon Prime has eliminated the shopping list for me. When it occurs to me that we’re going to need something soon, I just go online and buy it with one click, whether I need it right now or not.

This may not be the most economical way to shop, to say nothing of the environmental impact. My stairwell looks like a miniature warehouse, with full boxes coming in and flattened boxes going out. This year, I decided to do things a little differently, buying basically everything I need for Christmas gifts for my two boys online using Jet.com.

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