Cybersecurity firm Pentera raises £110m as it gears up for US float January 11, 2022 Israeli cybersecurity firm Pentera has raised $150m (£110m) in its latest funding round, taking the company's value to $1bn (£736m), as it eyes up flotation.
Permira takes Mimecast private in £4.4bn all-cash deal December 7, 2021 Shares in Mimecast jumped more than 6 per cent in pre-market trading on the news that the British cybersecurity firm is being targeted by private equity firm Permira in a take-private deal valued at $5.8bn (£4.4bn). In the latest deal in what has been a very busy year for private equity interest in the tech [...]
Darktrace begins a share buyback of up to 4m shares in quest to boost shareholder value December 6, 2021 Former tech darling Darktrace announced this morning that it will commence a share buyback programme of up to four million of its ordinary shares to be completed on or before 31 December 2022.
Cyber law protecting personal tech from hackers introduced to parliament November 24, 2021 The Department of Digital, Culture, Media & Sport (DCMS) introduced a new cyber law to protect people’s personal tech from hackers to parliament today.
Darktrace says its ‘uniquely positioned’ to lead the way in cyber tech despite ongoing controversy November 24, 2021 Darktrace, tech cyber security darling, announced at its Annual General Meeting this morning that the company was "uniquely positioned to lead new phase in cyber security".
Cyber firm Avast tops FTSE 100 as it edges closer to US takeover November 15, 2021 Cyber firm Avast climbed to the top of the FTSE100 after NortonLifeLock's takeover of the British cybersecurity company grew closer after the US conditions for its takeover had been satisfied.
Nokia warns malware threats are rising rapidly as more Brits use mobile banking apps November 11, 2021 Banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information. Mobile giant Nokia said it based its warning on data that was aggregated from network traffic monitored on more than 200m devices globally and showed an 80 per cent, year-on-year increase in the first half of the year in the number [...]
Cyber security giant McAfee goes private in a $14bn deal November 8, 2021 The cyber security company McAfee goes private in a $14bn deal with a consortium led by U.S. private equity firm Advent International The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software. The company, founded by technology entrepreneur John McAfee [...]
Darktrace shares jump 10 per cent after broker says plunge driven by ‘fear not fact’ November 8, 2021 Shares in cybersecurity company Darktrace were up more than 10 per cent at midday on Monday after a fresh analyst note contradicted Peel Hunt’s “sell” analysis a fortnight ago and said the stock price plunge it provoked was driven by “fear not fact”. “Any share price capitulation is a result of fear not fact,” Berenberg [...]
Darktrace stock continues to fall after analyst comments October 26, 2021 Darktrace may be the darling of the UK tech scene, but their shares are continuing to plummet, 2.33% lower today at 732.5p.