Majority owner Dell is exploring a possible sale of Atlanta-based cybersecurity services vendor Secureworks, tapping investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, Reuters reported Thursday.
French IT consultancy Atos has raised 1.675 billion euros to restructure its debt as the company prepares to finalize a takeover bid by the French government. About 800 million euros will go toward keeping the business running, according to an announcement by the Paris-based firm on Monday.
LevelBlue laid off 15% of its 1,000-person workforce just months after AT&T sold a majority stake in the managed cybersecurity services firm to WillJam Ventures. The cuts will allow LevelBlue to refocus its resources on improving the depth, quality and delivery of its managed security services.
A takeover bid of debt-ridden French IT consultancy Atos hit a roadblock after a key company shareholder withdrew from a financial restructuring plan designed to help the firm recover from its 3.9-billion-euro liability, saying, "Conditions were not ripe to reach an agreement."
With $150 million of Series D funding led by Kleiner Perkins, Meritech Capital and Sapphire Ventures, Huntress is set to build or buy posture and recovery capabilities for endpoint and identity protection and enhance educational initiatives to counter the accelerating pace of cyberthreats.
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French IT consultancy Atos agreed to a last-minute financial restricting plan as the debt ridden company finalizes a proposed buyout by the French government. Atos said it will proceed with financial restructuring plans put forward by a consortium of investors and creditors led by Onepoint.
Organizations often grapple with the question of whether relying solely on Microsoft for cybersecurity is enough. Kevin Robertson, chief operating officer and co-founder of Acumen, makes the case for including best in breed security technology and services from specialized vendors.
Barracuda is looking to extend its tentacles beyond security and into remote monitoring and management through the purchase of MSP platform provider N-able, Reuters reported. The Silicon Valley-based SMB security provider owned by private equity firm KKR is one of the suitors for Boston-area N-able.
OpenText has acquired Pillr to strengthen its managed detection and response capabilities for small and midsized businesses. The integration will provide managed service providers with advanced security solutions, addressing increasing cyberthreats and expanding OpenText's security portfolio.
From the RSA Conference in San Francisco, three ISMG editors examined all the hype around artificial intelligence, including the latest AI-enabled cybersecurity solutions, the AI tactics that adversaries are using and the burning question at RSA: Who's in charge of AI in today's enterprises?
The French government could acquire a loss-making cybersecurity unit and other critical assets of Paris IT consultancy firm Atos after previous bids by competing firms fell through. Atos employs about 4,000 people and is strategically important to the French government.
Anjana Kambampati of Cisco discusses the unique challenges MSPs face, such as managing multiple ecosystems and vendors, which complicates their operational and billing processes. She explains how Cisco helps streamline these aspects to boost MSP efficiency and profitability.
European aerospace giant Airbus on Tuesday called off a multibillion-euro plan to acquire a cybersecurity unit of French IT consultancy firm Atos. Share values of cash-strapped Atos fell approximately 20% by the end of the trading day. Airbus' value rose by nearly 1%.
Sophos announced Thursday that its CEO for the past 12 years, Kris Hagerman, has stepped down. Long-time Sophos executive Joe Levy, who has nearly three decades of experience in cybersecurity products and services, is the new president and acting CEO, "effective immediately."
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