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

3/16/2021
02:20 PM
50%
50%

IronNet Cybersecurity to Go Public in Merger

Company intends for the deal to drive adoption of its Collective Defense Platform.

IronNet has announced plans to go public in a $1.2 billion agreement with special purpose acquisition company LGL Systems Acquisition Corp.

The combined company will be renamed IronNet Cybersecurity Inc. It will be listed on the New York Stock Exchange and trade under the ticker symbol IRNT.

Related Content:

Verkada Breach Demonstrates Danger of Overprivileged Users

Special Report: How IT Security Organizations Are Attacking the Cybersecurity Problem

New From The Edge: DDoS's Evolution Doesn't Require a Security Evolution

IronNet says the deal will help fuel their growth in the cybersecurity market and drive further market adoption of IronNet's Collective Defense Platform.  

Investors include Emles Advisors, Weiss Asset Management, and The Phoenix Insurance Company. Other existing IronNet investors include Bridgewater Associates, ForgePoint Capital, and Kleiner Perkins.

IronNet was founded in 2014 by former NSA and U.S. Cyber Command chief Keith Alexander.

The transaction has been unanimously approved by both the LGL and IronNet boards and is subject to the satisfaction of customary closing conditions.

More details of the deal can be found here.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-36239
PUBLISHED: 2021-07-29
Jira Data Center, Jira Core Data Center, Jira Software Data Center from version 6.3.0 before 8.5.16, from 8.6.0 before 8.13.8, from 8.14.0 before 8.17.0 and Jira Service Management Data Center from version 2.0.2 before 4.5.16, from version 4.6.0 before 4.13.8, and from version 4.14.0 before 4.17.0 e...
CVE-2021-37578
PUBLISHED: 2021-07-29
Apache jUDDI uses several classes related to Java's Remote Method Invocation (RMI) which (as an extension to UDDI) provides an alternate transport for accessing UDDI services. RMI uses the default Java serialization mechanism to pass parameters in RMI invocations. A remote attacker can send a malic...
CVE-2021-23416
PUBLISHED: 2021-07-28
This affects all versions of package curly-bracket-parser. When used as a template library, it does not properly sanitize the user input.
CVE-2021-23417
PUBLISHED: 2021-07-28
All versions of package deepmergefn are vulnerable to Prototype Pollution via deepMerge function.
CVE-2021-23415
PUBLISHED: 2021-07-28
This affects the package elFinder.AspNet before 1.1.1. The user-controlled file name is not properly sanitized before it is used to create a file system path.