Wednesday, 27 November 2013

Acquisition follows series A for PasswordBox

Password management software company PasswordBox appears to have quickly spent some of its recent $6M funding on acquiring a complementary offering. 'Legacy Locker' is a digital afterlife service that – should you pass on without passing on your passwords – grants access to your online assets to friends and loved ones.

And not long after PasswordBox reached the million user landmark too. Definitely one worth tracking.

Friday, 8 November 2013

HyTrust buys High Cloud for ... Cloud Security

Or as GigaOm puts it - the land grab for cyber security rages on. HyTrust, a provider of products to secure virtual environments, has bought HighCloud Security, a specialist in encryption and key management. HyTrust has previously received some $29m dollars in VC.

Friday, 1 November 2013

Intellectual Ventures demands $310m for Cyber Security patent fees

Intellectual Ventures, the notable patent troll, is demanding $310m from Symantec and Trend Micro for the use of patents it has the rights to, according to Computer Business Review . I should imagine this will strke fear in a lot of cyber security companies.

I am not sure about their defence though, based on the idea that a patent acquired for less than a million dollars could not be worth so much. Until the legal process is resolved this may, however, raise the price of cyber security patents on the market.