Apple acquires startup aimed at managing corporate Macs, iPads – Software- Tempemail – Blog – 10 minute

Apple has acquired Fleetsmith, a San Francisco-based startup company whose technology helps businesses manage Apple’s Mac and iPad devices among their employee bases.
The move is a push by Apple into the mobile device management industry, a category of business software dominated by players such as Microsoft and VMware.
Fleetsmith announced the deal in a blog post.
“We’re thrilled to join Apple,” it said.
“Our shared values of putting the customer at the centre of everything we do without sacrificing privacy and security, means we can truly meet our mission, delivering Fleetsmith to businesses and institutions of all sizes, around the world.”
Apple confirmed the acquisition, but the companies did not disclose a price.

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StorMagic Acquires Encryption Key Management Company, KeyNexus | Tempemail – Blog – 10 minute

Sourced from CSO.

Drive Control Corporation (DCC), exclusive StorMagic distributor for the SA and SADC region, has announced StorMagic’s acquisition of KeyNexus, an innovator and designer of encryption key management solutions.
StorMagic now extends its portfolio to the channel, meeting organisations’ datacentre and cloud security requirements. The KeyNexus acquisition sees StorMagic bringing the edge and the core closer together, delivering a robust enterprise key management offering.
To this end, StorMagic has announced the immediate availability SvKMS, the company’s first enterprise-grade virtualised key management solution for any application that requires encryption in any location, be it the edge, datacentre or the cloud.
“StorMagic SvKMS is an affordable, efficient and robust centralised key management system that meets the needs of today’s hybrid, multi-cloud environments,” explains Raul Del Fabbro, Enterprise Solutions Division Manager at DCC.

“Thanks to StorMagic’s acquisition of KeyNexus, the company is taking a leadership position, eliminating the pain of encryption for customers by delivering enterprise key management solutions such as the SvKMS.  In turn, this will allow our channel partners to offer a comprehensive, virtualised solution to their customers.”
According to Gartner’s recent: How to Overcome Four Major Challenges in Edge Computing report, with processing and storage now placed outside traditional information security visibility and control, edge computing creates new security challenges that need to be addressed in depth.
StorMagic believes its modern approach to key management helps solve these edge computing security challenges by allowing users to run their systems as virtual machines anywhere while also securely managing keys for all their edge sites.

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Data and Analytics Technology Company Flotek Acquires JP3- Tempemail – Blog – 10 minute

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Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced today it has acquired 100% ownership of JP3 Measurement, LLC (“JP3”), a privately held leading data and analytics technology company, in a cash-and-stock transaction. The transaction is valued at approximately $34.4 million, comprised of $25 million in cash and 11.5 million shares in Flotek common stock, with the assumption of $1.3MM of debt and an additional $5 million earn-out based on appreciation of Flotek’s share price.
JP3’s innovative, real-time data platforms combine the energy industry’s only field-deployable, inline optical analyzer with proprietary cloud visualization and analytics, to radically increase processing efficiencies and valuation of natural gas, crude oil and refined fuels. The transaction positions Flotek for accelerated growth and diversifies the Company’s business across all segments of the hydrocarbon value chain, while enhancing existing chemistry applications and broadening its customer reach across the midstream and downstream sectors.
John W. Gibson, Jr., Chairman, President, and Chief Executive Officer of Flotek stated: “This market has created such chaos and uncertainty that numerous growth opportunities – both organic and inorganic – have emerged. We have been disciplined in vetting those opportunities with a desire to reduce our dependence on rig count and the US unconventional market, while establishing an offering in the digital transformation market. With the acquisition of JP3, we are able to diversify our revenue stream and better serve our customers amidst accelerating digital transformation in the energy industry. The estimated $1 billion addressable market in the US alone provides significant revenue growth opportunities.
“Together with JP3, we have a shared vision for being the platform that optimizes profitability from the reservoir to a hydrocarbon molecule’s final destination. The automation of real-time analysis of flowing products brings tremendous value to the midstream energy sector and in the delivery of refined fuels. The more we know about our hydrocarbons, the more efficient, clean, safe and profitable we become as an industry,” continued Gibson.
JP3 President Matt Thomas stated, “Our outstanding team at JP3 has built a technology platform that brings significant increases in profitability to over sixty clients by maximizing the value of their hydrocarbons through our real-time analysis of flowing products and our cloud-based monitoring solutions. Flotek’s strong liquidity position can fuel growth opportunities by accelerating our Data-as-a-Service (DaaS) product offerings and expanding our reach into international markets. The energy industry is in a state of transformation, and we look forward to helping companies capture cost savings and generate higher revenues through the application of our proprietary technology.”
The acquisition offers compelling strategic and financial benefits for Flotek by:

Adding high growth business with proven technology platform that supports digital transformation in the energy industry;
Providing clear runway into $1 billion addressable market with significant international opportunity utilizing Flotek’s global reach;
Building on JP3’s strong value proposition for customers, with the automation of real-time analysis driving increased profitability for customers even in a weak oil market;
Opening up significant downstream distribution opportunity highlighted by the recently-announced joint marketing agreement between JP3 and Phillips 66;
Creating opportunity for recurring revenue at high margins by accelerating JP3’s continued transition to a DaaS business model;
Diversifying Flotek’s business across all segments of the hydrocarbon value chain, while enhancing existing chemistry applications and broadening its customer reach across the midstream and downstream sectors.

In conjunction with the transaction, Flotek will create a new Analysis & Data division, which will be led by Thomas as Flotek Executive Vice President, in addition to his continuing role as President of JP3. Additionally, JP3’s Chief Data Officer James Dixson will serve as Senior Vice President of the Analysis & Data Division. JP3 will continue to be headquartered in Austin, Texas.
As an inducement to join the Company and to closely align interests with the Company’s shareholders, Thomas has been granted 507,000 restricted stock awards (RSAs) that will vest over three years and performance-based options representing approximately 461,000 shares of the Company that will vest based on achievement of the closing stock price for the Company’s common stock for a 20 consecutive trading-day period, with full vesting at closing prices at or above $7.00 per share for a 20 consecutive trading-day period.  The options have an exercise price equal to the closing price of the Company’s shares on the date of grant. As a part of the inducement plan, the Company expects to offer equity – including RSAs and performance-based options – to other JP3 leaders and employees representing no more than 815,000 shares of the Company.
As a part of the transaction, the sellers of JP3 have the right to nominate one member to Flotek’s Board of Directors, subject to approval by the Company’s Governance & Nominating Committee.
Tudor, Pickering, Holt & Co. (“TPH”) served as financial advisor to JP3 related to the transac

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CyberArk acquires ‘Identity as a Service’ firm Idaptive- Tempemail – Blog – 10 minute

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CyberArk has announced it has acquired Santa Clara, California-based IDaptive Holdings, Inc. (Idaptive). Together, CyberArk and Idaptive will deliver the industry’s only modern identity platform with a security-first approach.
Through the acquisition, CyberArk and Idaptive will deliver a comprehensive Artificial Intelligence (AI)-based, security-first approach to managing identities that is adaptive and context-aware, and architected on the principles of Zero Trust and least privilege access, to dramatically reduce risk.
CyberArk will extend its ability to manage and protect identities with various levels of privileges across hybrid and multi-cloud environments, enabling customers to improve their overall security posture with a more efficient and seamless user experience, and address ever-increasing and complex regulatory requirements.
“With cyber attacks on the rise, organizations need modern, comprehensive solutions to make better, continuous access and authorization decisions for the broadest range of users,” said Udi Mokady, founder, chairman and CEO, CyberArk, adding, “With Idaptive, CyberArk will offer customers a SaaS-delivered, security-first approach to managing identities – with Privileged Access Management at its core – that reduces risk, simplifies operations and improves business agility. We are thrilled to welcome the Idaptive team to CyberArk.”
The total purchase price for the acquisition of Idaptive was $70 million in cash consideration.

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F5 Networks Acquires Shape Security | Tempemail – Blog – 10 minute

F5 Networks – a company that helps make apps operate faster, smarter and safer for the world’s largest businesses, service providers, governments and consumer brands – has completed its acquisition of Shape Security, a leader in fraud and abuse prevention.
Marcel Fouché, Networking and Storage General Manager at value-added distributor Networks Unlimited Africa, a channel partner of F5 in sub-Saharan Africa, comments: “A number of experts view this merger and acquisition as being a game-changer for comprehensive application security.”
“The purchase of Shape Security adds protection from automated attacks, botnets, and targeted fraud to F5’s world-class portfolio of application services in order to further protect customers’ digital experiences. This agreement will accelerate F5’s growth momentum and more than double its potential security market.”
Together, F5 and Shape Security offer organisations comprehensive, end-to-end application security, potentially saving billions of dollars lost to fraud, reputational damage, and costly disruptions to critical online services.

As outlined in a recent Shape Security blog, online applications “…power how we interact, how we learn and grow, where our data lives, and how value gets exchanged between brands, customers and partners. In many respects, apps have become the fabric of our economies, our governments, and our daily lives. So it shouldn’t be surprising that from a cybercriminal’s perspective, apps represent the single most lucrative set of targets in the world, with estimated online fraud losses projected to exceed $48 billion per year by 2023.”
From a business outcomes perspective, the blog continues that it means: “…dramatically improved business outcomes, including:·        Slashed losses due to fraud and abuse·        Better application performance and uptime·        Measurable cost savings for hosting and bandwidth costs.”
Shape Security protects global banks, airlines, retailers and government agencies with sophisticated bot, fraud and abuse defence. In particular, it defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape Security has built an advanced platform, using artificial intelligence (AI) and machine learning (ML), supported by powerful cloud-based analytics to protect against attacks that bypass other security and fraud controls.
The Shape Security application protection platform evaluates data flow from the user into the application, making use of highly sophisticated cloud-based analytics to discern good traffic from bad. F5 and Shape Security will significantly reduce the time and resources needed for organisations to deploy online fraud and abuse protection.
The acquisition accelerates F5’s product and total revenue growth and speeds up the company’s transition to a software- and SaaS-driven business model.
“We know that threat actors are continually evolving their automation-based attacks to look more easily like real organic human traffic in order to evade detection,” adds Fouché. “And so, in the spirit of fighting fire with fire, F5 plans to use the Shape Security AI platform across its entire code-to-customer unified architecture, delivering increased visibility, insights, orchestration and automation.”
“The deal is exciting news for our networking division here at Networks Unlimited Africa. We have been in partnership with F5 since 2014, and the new and also consolidated relationships that this will bring us will strengthen our own offering further,” he concludes.
Staff writer

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Mukuru Acquires Malawian Fintech Zoona | Tempemail – Blog – 10 minute

Image sourced from Mukuru

Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona Malawi’s operational assets along with the technology systems that support its Malawian operations.
Zoona, which has worked with Mukuru for four years as a trusted partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
“Mukuru empowers Africa’s financially underserved migrant workers to be included in the formal financial ecosystem and to move money in a convenient, safe and affordable way,” says Andy Jury, CEO, Mukuru.
“This acquisition will bring the benefits of our extensive products and cutting-edge technology to the citizens of Malawi – giving them better options and safer mechanisms to send money to loved ones and ultimately uplift their communities.”

The acquisition will extend Mukuru’s African footprint deep into both the urban centres and rurally across Malawi – thus eliminating the time and money that people have to spend travelling long distances to local towns to claim remittances. In short, access to Mukuru’s services for rural dwellers will lessen the erosion of wealth and provide more opportunities for financial upliftment.
Following the acquisition, Zoona Malawi’s agents will operate as Mukuru agents benefiting from a wider product range to offer customers. In addition, agents will benefit from being part of the SADC regional network, increasing their regional exposure and potentially boosting earnings over time.

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Zoom acquires security startup Keybase towards end-to-end encryption goal- Tempemail – Blog – 10 minute

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Video meet app Zoom has announced the acquisition of secure messaging and file-sharing service Keybase, as part of its 90-day pledge to address privacy and security issues with its own platform.
The acquisition, for which financial terms were not disclosed, is aimed at eventually building end-to-end encryption on Zoom.
According to Eric S Yuan, CEO of Zoom, the first step is getting the right team together.
“Keybase brings deep encryption and security expertise to Zoom, and we’re thrilled to welcome Max and his team. Bringing on a cohesive group of security engineers like this significantly advances our 90-day plan to enhance our security efforts,” Yuan said in a statement.
Since its launch in 2014, Keybase’s team has built a secure messaging and file-sharing service leveraging their deep encryption and security expertise.
“Keybase is thrilled to join Team Zoom! Our team is passionate about security and privacy, and it is an honour to be able to bring our encryption expertise to a platform used by hundreds of millions of participants a day,” said Max Krohn, Keybase.io co-founder and developer.
Krohn will lead the Zoom security engineering team, reporting directly to Yuan. Leaders from Zoom and Keybase will work together to determine the future of the Keybase product.
“We are excited to integrate Keybase’s team into the Zoom family to help us build end-to-end encryption that can reach current Zoom scalability,” said Yuan.
The company said the audio and video content flowing between Zoom clients (Zoom Rooms, laptop computers, and smartphones running the Zoom app) is encrypted at each sending client device.
“It is not decrypted until it reaches the recipients’ devices. With the recent Zoom 5.0 release, Zoom clients now support encrypting content using industry-standard AES-GCM with 256-bit keys,” said the company.
However, the encryption keys for each meeting are generated by Zoom’s servers.
Additionally, some features that are widely used by Zoom clients, such as support for attendees to call into a phone bridge or use in-room meeting systems offered by other companies, will always require Zoom to keep some encryption keys in the cloud.
“However, for hosts who seek to prioritize privacy over compatibility, we will create a new solution,” said Yuan.

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The Hook enters administration, Brave Bison acquires IP and channels- Tempemail – Blog – 10 minute

Administrator KPMG has sold some of its assets in social video publisher The Hook to rival Brave Bison, including IP and channels.
The brand, which produced social videos and branded comedy spots, was founded in 2014 and entered administration recently due to cashflow issues.
Its team of up to 25 positioned the brand as the UK’s answer to platforms such as College Humour, Vice and Complex, and was known for its memorable comedy shorts. Meanwhile, The Hook Labs, its commercial wing which won Social Media Team of the Year at Tempemail Online Media Awards in 2018, spoke with authority on social video performance measurement.
The Hook, which had in excess of 14 million followers across social media, is being administrated by Steve Absolom and Will Wright from KPMG’s restructuring practice.
“Certain assets of the business” were sold to social video company Brave Bison and six staff have made the transfer. These are understood to be The Hook social assets and intellectual property.
Steve Absolom, partner at KPMG and joint administrator, said that the group had experienced “significant cash flow issues during the first quarter of the year”, particularly due to Covid-19 spend suspensions.
“At a time when staying connected feels more important than ever, we are therefore pleased to have been able to secure a sale to Brave Bison,” he said.
He added: “While it is pleasing to have been able to preserve a number of jobs as part of the transaction, sadly it has not been possible to find a solution which involved a transfer for all of the Hook Group’s employees.”
Aside from a small skeleton of staff, the rest will be made redundant.

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Iranian army acquires combat capable drones with 1500km range – Hardware- Tempemail – Blog – 10 minute

The Iranian armed forces have acquired three bomb-carrying drones with a range of 1,500 kilometres, the country’s defence minister Amir Hatami said on state television on Saturday.
The drones could monitor “enemy movements from a considerable distance” and were capable of combat missions, he said at the delivery ceremony in Tehran broadcast on TV.
The aircraft were equipped with bombs and missiles, and they can fly at an altitude of up to 45,000 feet (13,716 metres), he said, without indicating the name of the new drones.
The drones were manufactured by Iran’s military industry with the participation of local universities, he said.
Drones are a key element in Iran’s border surveillance, especially the Gulf waters around the Strait of Hormuz, through which one-fifth of the world’s oil supply flows.
Tensions between Iran and the United States have reached the highest levels in decades since the United States killed top Iranian General Qassem Soleimani in a drone strike in Baghdad on January 3, prompting Iran to fire missiles days later at bases in Iraq where UW troops are stationed.

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GoDaddy Acquires Neustar’s Registry Business- Tempemail – Blog – 10 minute

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GoDaddy announced it is acquiring Neustar Inc’s Registry business. The Neustar Registry business features a backend registry technology platform and domain security systems that enable people and brands to connect and transact online.
 “GoDaddy is committed to helping everyday entrepreneurs bring their ideas online with the best possible domain name choices,” said GoDaddy Chief Operating Officer Andrew Low Ah Kee. “Neustar’s registry platform enables us to accelerate that commitment and provides enhanced scalability for future growth. For more than two decades, GoDaddy has used its consumer insight to drive innovation in the domain industry and we’ll continue to do so by creating more choice and value for consumers.”
Commenting on the acquisition, Nikhil Arora Vice President and Managing Director, GoDaddy India., said, “GoDaddy’s acquisition of Neustar’s Registry business furthers our commitment to investing in the infrastructure of the internet to foster innovation and deliver great end-user experiences punctuated by speed, security and availability. GoDaddy has a strong history of collaboration with NIXI to support the growth of the .IN domain name and we’re committed to helping it grow in the years to come. Now more than ever small businesses and entrepreneurs in India need a strong online presence and GoDaddy is focused on helping them with the best possible choices for domain names.”
The new service will be called GoDaddy Registry and will be led by Nicolai Bezsonoff, currently Senior Vice President and General Manager of Neustar’s Registry business. As part of the transaction, GoDaddy will strictly adhere to a governance model that maintains independence between the GoDaddy registry and registrar businesses. GoDaddy has worked closely with both registrars and registries for more than 20 years to help grow a healthy and competitive domains market and it will continue to do so for the benefit of consumers and the industry.
Commenting on the acquisition, Mr. Bezsonoff said, “Our team is thrilled to join the GoDaddy family. We share a strong history of partnership and collaboration with GoDaddy that spans two decades. Additionally, we have the same values, a common culture of innovation, and a mutual vision for empowering individuals, businesses and brands to succeed online.”
 The Neustar Registry business includes an extensive portfolio of top-level domains, including .biz, .co, .in, .nyc and .us, and supports more than 215 TLDs and approximately 12 million domains.  This includes its Managed Registry Services business that provides end-to-end registry management for over 130 brand TLDs and 70 generic TLDs.

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