Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

1/7/2020
10:30 AM
50%
50%

Insight Partners Acquires Armis at $1.1B Valuation

This deal marks the largest-ever acquisition of a private Israeli cybersecurity company, Armis' co-founders report.

Enterprise Internet of Things security company Armis has agreed to be acquired by US private equity firm Insight Partners for a valuation of $1.1 billion. CapitalG, the investment division of Google parent company Alphabet, also join for $100 million. The deal is expected to close in February.

Armis was co-founded in 2015 by CEO Yevgeny Dibrov and CTO Nadir Izrael. Since then, the company has raised $112 million over four funding rounds and grown to include more than 250 employees. Its agentless platform aims to discover all the devices on a corporate network and identify their type, manufacturer, model, operating system, reputation, username, software, and risk factors, among other data. By tracking behavior and connections, it aims to determine whether a device is acting maliciously.

Gartner anticipates the number of connected devices will reach 25 billion by 2021, creating a challenge for organizations that need to handle them. Unmanaged devices with poor security represent a rapidly growing attack landscape. Armis' customer base includes organizations across vertical industries, including healthcare, high tech, industrial, retail, and transportation.

Following the deal, Armis will continue to operate independently and be fully management by Dibrov and Izrael, along with its executive team. Under Insight, Armis will work to continue along its growth with the support of Insight's business strategy and ScaleUp division, Onsite.

Read Armis' blog post here and the full release here.

Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "What Tools Will Find Misconfigurations in My AWS S3 Cloud Buckets?"

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Mobile Banking Malware Up 50% in First Half of 2019
Kelly Sheridan, Staff Editor, Dark Reading,  1/17/2020
Active Directory Needs an Update: Here's Why
Raz Rafaeli, CEO and Co-Founder at Secret Double Octopus,  1/16/2020
Google Lets iPhone Users Turn Device into Security Key
Kelly Sheridan, Staff Editor, Dark Reading,  1/15/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The Year in Security: 2019
This Tech Digest provides a wrap up and overview of the year's top cybersecurity news stories. It was a year of new twists on old threats, with fears of another WannaCry-type worm and of a possible botnet army of Wi-Fi routers. But 2019 also underscored the risk of firmware and trusted security tools harboring dangerous holes that cybercriminals and nation-state hackers could readily abuse. Read more.
Flash Poll
How Enterprises are Attacking the Cybersecurity Problem
How Enterprises are Attacking the Cybersecurity Problem
Organizations have invested in a sweeping array of security technologies to address challenges associated with the growing number of cybersecurity attacks. However, the complexity involved in managing these technologies is emerging as a major problem. Read this report to find out what your peers biggest security challenges are and the technologies they are using to address them.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2011-3595
PUBLISHED: 2020-01-22
Multiple Cross-site Scripting (XSS) vulnerabilities exist in Joomla! through 1.7.0 in index.php in the search word, extension, asset, and author parameters.
CVE-2011-3610
PUBLISHED: 2020-01-22
A Cross-site Scripting (XSS) vulnerability exists in the Serendipity freetag plugin before 3.30 in the tagcloud parameter to plugins/serendipity_event_freetag/tagcloud.swf.
CVE-2019-18583
PUBLISHED: 2020-01-22
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: none. Reason: The CNA or individual who requested this candidate did not associate it with any vulnerability during 2019. Notes: none.
CVE-2019-18584
PUBLISHED: 2020-01-22
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: none. Reason: The CNA or individual who requested this candidate did not associate it with any vulnerability during 2019. Notes: none.
CVE-2019-18585
PUBLISHED: 2020-01-22
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: none. Reason: The CNA or individual who requested this candidate did not associate it with any vulnerability during 2019. Notes: none.