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Tag: cloud security

Google completes $5.4B Mandiant acquisition

Google LLC has completed its acquisition of Reston-based cybersecurity company Mandiant Inc. in an all-cash transaction valued at $5.4 billion.

Google is paying $23 per share for Mandiant, which is joining Google Cloud while retaining its branding.

The companies announced the deal in March. Together, Google Cloud and Mandiant will offer customers more capable end-to-end security operations, Mandiant said in a news release announcing the sale’s completion Monday.

“The completion of this acquisition will enable us to deliver a comprehensive and best-in-class cybersecurity solution,” Thomas Kurian, CEO of Google Cloud, said in a statement. “We believe this acquisition creates incredible value for our customers and the security industry at large. Together, Google Cloud and Mandiant will help reinvent how organizations protect themselves, as well as detect and respond to threats.”

Mandiant was founded in 2004 by CEO Kevin Mandia. In a blog post about the sale, Mandia wrote that by combining Mandiant’s experiences with the scale and resources of Google, “we can make a far greater difference in preventing and countering cyberattacks, while pinpointing new ways to hold adversaries accountable.”

“Mandiant is driven by a mission to make every organization secure from cyberthreats and confident in their readiness,” Mandia said in a statement. “Combining our 18 years of threat intelligence and incident response experience with Google Cloud’s security expertise presents an incredible opportunity to deliver with the speed and scale that the security industry needs.”

Mandiant reported $483 in revenue for 2021, a 21% increase from the previous year.

LA-based tech company moves headquarters to Reston

Infrascale Inc., a cloud-based data protection company, announced Wednesday it has moved its headquarters from Los Angeles to Reston — where its leadership team is based.

Infrascale’s C-suite leadership, including CEO Russell P. Reeder, Chief Financial Officer Rob Peterson, Chief Operating Officer Brian Kuhn and Chief People Officer Carolyn Kress, is based in Reston and have started hiring for the company’s operational teams including finance and information technology. The entire C-suite started with the company in December 2019. In 2017, the team brought hyper-scale cloud provider OVH US to Reston.

“We set out for a year of transformation, staging for growth and scale in 2021 and beyond,” Reeder said in a statement. “I’m extremely proud of the progress we’ve made to date, particularly given the challenging global climate caused by COVID-19. The formal transition to our new headquarters in Reston represents a significant milestone in our 2020 plan.”

Infrascale, which provides cloud-based backup and disaster recovery services, is backed by Alexandria-based Route 66 Ventures LLC and San Francisco-based Carrick Capital Partners LLC. It’s most recent funding round — a $38 million Series C — closed earlier this year. This investment “stewarded the change in leadership and [supported] the company’s strategic growth plans in the rapidly expanding business continuity technology sector,” according to Infrascale. 

Investors and C-suite executives credit the power of the tech industry in Northern Virginia for the move.

“Recognized as a top-two technology destination, Northern Virginia and the greater D.C. Metro area contain an impressive talent pool that will only grow with the continued expansion of technology innovation in the region,” Reeder said in a statement. “We are excited to build out the team here and across the US.”

The Virginia headquarters, starting with finance and human resources, will ultimately include professionals in administration, information technology, information security, marketing and sales. 

“[Infrascale’s] continued success is reflected in ongoing growth, and the company’s move to Reston – the home region for much of the nation’s tech talent – represents a positive and exciting development in the evolution of Infrascale as they grow into a key player in the enterprise market and continue to innovate,” Ryan Katz, Route 66 Ventures founding partner said in a statement.

Infrascale’s physical Los Angeles office will be shuttered, but the customer support, sales and marketing staff will remain as remote employees in the Los Angeles region. Founded in 2011, Infrascale provides cloud-based data protection services.

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Boston tech company to acquire Arlington-based DivvyCloud for $145M

Boston-based tech company Rapid7 announced Tuesday that it’s acquiring Arlington County-based cloud security and governance tech firm DivvyCloud for $145 million.

The acquisition, which will be made via a combination of cash and stock, is expected to close before June.

“Joining forces with Rapid7 is a natural next step,” said DivvyCloud CEO and co-founder Brian Johnson in a statement. “Their commitment to customers, employees, and company culture is well-aligned with the values that have made DivvyCloud so successful. With the combined expertise of both Rapid7 and DivvyCloud, we are even better positioned to help enterprises accelerate innovation using cloud and containers without the loss of control.”

Founded in 2013, DivvyCloud moved into a new headquarters in Arlington’s Court House area in September 2019, after growing from 20 to 55 employees in a year.  Its customer base has included Kroger, CoStar and Pizza Hut, and nearly a quarter of its clients were Fortune 100 companies as of 2019.

Rapid7 Chairman and CEO Corey Thomas said, “We are thrilled to welcome DivvyCloud and its customers to the Rapid7 family. We have been very impressed with the DivvyCloud team and its technology for some time. As the rate of cloud adoption continues to rise, the DivvyCloud platform will be an important part of our offering, giving customers a much deeper, comprehensive view into their cloud security posture.”

Rapid7 will make DivvyCloud’s platform available to its customers, allowing them real-time protection and remediation of cloud and container environments.

“Security teams are constantly challenged with understanding and effectively managing the risk and security for cloud environments at DevOps speeds,” said Lee Weiner, chief innovation officer for Rapid7. “DivvyCloud’s technology, team, and market leadership in the cloud security space will enable Rapid7 to better serve its customers’ needs by helping them innovate more securely, and provide a robust set of compliance and remediation paths for those with modern cloud infrastructure.”

Reston-based IndraSoft wins $43M Army contract

Reston-based software company IndraSoft Inc. has been granted a $43 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to enable data sharing and DevSecOps system integration, the company announced Monday. This contract will support the Army’s Maintenance of Enterprise Technologies and Applications (META) program.

DevOps is a set of practices that automates processes between software development and IT services, and DevSecOps integrates security into that process. IndraSoft, under the contract, will migrate Army data to secure cloud operations and implement cloud architecture to increase efficiency and lower costs for INSCOM.

“META represents a key aspect of the Army’s national security mission,” IndraSoft President and Chief Technology Officer Raj Lingam said in a statement. “We look forward to working closely with the Army to enable their vision for exploiting cloud technologies to increase mission effectiveness.”

IndraSoft was founded in 2002 and has also served the Department of Defense, U.S. Air Force, Department of State, Department of Justice and the U.S. Census Bureau, among others.

Arlington cloud security company appoints two execs

Arlington-based cloud security company DivvyCloud appointed Brandie Kalinowski as vice president of people and culture and David Geevaratne as vice president of North American Sales, the company announced Thursday.

Kalinowski most recently was  head of people operations at Etsy in Brooklyn, New York. She will focus on recruiting and developing DivvyCloud’s  workforce.

Geevaratne has 20 years of cloud sales and marketing experience and will oversee DivvyCloud’s  enterprise sales strategy. He was most recently the general manager and market leader for SoftwareONE, headquartered in Switzerland.

“We are thrilled to have Brandie and David onboard,” said DivvyCloud CEO and co-founder Brian Johnson. “Our team grew by more than 110% in 2019, and we plan to double it in 2020.”

DivvyCloud was founded in 2013 and moved its Rosslyn headquarters to Arlington’s Court House neighborhood in September 2019. It plans to double its workforce to 120 people by September.