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July 18, 2016

Mobile Encryption Firm Silent Circle Raises $50 Million

Geneva-based Silent Circle, an encrypted communications company specializing in privacy-focused services and software has raised $50 million in a round of funding.

Silent Circle, a firm that has notably endeavored to secure mobile communications has revealed that it has raised $50 million in a Series C funding round.

Founded in 2012 out of Geneva, Switzerland, the company specializes in privacy-focused services and software, including phone applications that provide secure file sharing, messaging and calling. In 2014, a partnership with hardware manufacturer Geeksphone, resulted in the release of Silent Circle’s much-publicized Blackphone. The phone and technology were [...]

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July 7, 2016

Cybersecurity Biz: Avast Acquires AVG in $1.3 Billion Deal

In a significant business deal within the cybersecurity industry, security giant Avast has revealed its intention to acquire antivirus software firm AVG for a transaction of around $1.3 billion.

Prague-based security software firm Avast has announced a landmark acquisition which will see the company purchase fellow Czech software giant AVG, in an all-cash deal of $1.3 billion.

Avast will offer to purchase all outstanding ordinary shares of AVG for $25.00.

The deal will see both companies’ products combine their products under Avast’s banner. Avast states that the combination of users from both Avast and AVG exceeds 400 million endpoints, out of which 160 million [...]

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February 1, 2016

FireEye Purchases iSight, Focuses On Cyber Attacks Before They Happen

FireEye Inc paid $200 million to purchase iSight Partners Inc, a firm that deploys intelligence agents overseas in order to identify cyber attacks before they transpire. FireEye is adapting to changing threats in the cybersecurity realm with the bid.

FireEye has been in the hardware and software business since 2006, focusing on the detection and prevention of cyber attacks. The firm paid nearly $1 billion for Mandiant Corp. in 2014, a firm which investigates after attacks happen and boots hackers from penetrated systems. ISight tries to predict attacks before they happen, thus bringing nuance to FireEye’s portfolio. 

ISight claims to have [...]

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November 30, 2015

Private Clean Energy Technology Group Announced by Bill Gates and Mark Zuckerberg

In a Facebook post today, company CEO Mark Zuckerberg announced that he and his wife Priscilla Chan have joined former Microsoft CEO Bill Gates in launching a new initiative. Dubbed the “Breakthrough Energy Coalition”, the founders will look to support companies that are working on zero-carbon clean technology solutions around the world.

The timing of the announcement comes during a time when the U.N. Climate Control Conference takes place in Paris this week. The Breakthrough Energy Coalition is a private group of investors made up of the likes of Jeff Bezos, Amazon’s founder and CEO; Jack Ma, Founder of Ali Baba and Richard Branson, founder of the Virgin Group and Reid [...]

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