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.
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.
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…
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.
Alphabet Inc.’s Google and Intertrust Technologies Corporation have partnered in a program that lets startups access some of their patents to defend against litigation in exchange for equity in the up-and-coming companies.
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.
Startups that join PatentShield, as the program is called, will receive ownership of a selection of patents from the Google and Intertrust portfolio, the companies said.
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.
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.
Read the article.
Get your shit together.
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.
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.
Great ideas are a dime a dozen. The question is: How do you get ’em to stick?
That’s the theme of this year’s Tech Awards. The annual program, hosted by The Tech Museum of Innovation in San Jose, Calif., shines a spotlight on startups that use technology to make lives better in poor countries.
Read the article at NPR
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.
Read the article by Catherine Cheney
Hyper-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.
Reston, 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.
Brocade Communications Systems Inc. agreed to buy Ruckus Wireless for about $1.2 billion, the latest in a series of moves by network-equipment companies to expand their Wi-Fi offerings.
Read the article in the Wall Street Journal
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.
“The compensation for it, monetary compensation we want,” the hackers wrote. “Pay the damage, or Sony Pictures will be bombarded as a whole.”
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.
The 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.
‘Lazarus Group’ cyber espionage group has been operating in major attack campaigns since at least 2009, according to new investigation, bolstering the FBI conclusion that North Korea was behind the epic Sony breach.
SAN FRANCISCO Feb 24 (Reuters) – The perpetrators of the 2014 cyber attack on Sony Pictures Entertainment were not activists or disgruntled employees, and likely had attacked other targets in China, India, Japan and Taiwan, according to a coalition of security companies that jointly investigated the Sony case for more than a year.
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.
Does this scenario sound familiar? You can’t open your front door because there are so many UPS and FedEx boxes blocking the entryway. You lug in all the packages, open them up, and lay out your haul — toilet paper, diapers and toothbrushes in one box. The new Jonathan Franzen book in another.
read the article in Women’s Wear Daily by Scott Friend
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.
As the storied tech icon Hewlett-Packard launches a new era as two companies, it’s by no means clear that either can replicate HP’s past successes, as evidenced by the company’s most recent earnings report.