ZeroFOX acquires Cyveillance threat intelligence business from LookingGlass

ZeroFOX has acquired LookingGlass Cyber Solutions’ Cyveillance threat intelligence business. 

Announced on Tuesday, the deal is designed to merge the ZeroFOX Digital Risk Protection Platform and Cyveillance’s threat intelligence data trove and dark web intelligence capabilities. 

ZeroFOX says that snapping up the business, previously a subsidiary of LookingGlass, is a strategic move to push the company up the enterprise threat intelligence and protection roster on a global scale.

See also: Leaders of ‘notorious’ Team Xecuter game piracy, homebrew group arrested

Financial details were not disclosed. 

Founded in 1997 and headquartered in Reston, Virginia, Cyveillance was previously acquired by LookingGlass in 2015. 

The company provides clients with online data source analysis and monitoring, including a digital risk protection service, a “data lake” repository containing over two decades’ worth of threat intelligence, open source security projects, as well as investigation and forensics offerings.

“Our merger with the Cyveillance team fulfills our strategic vision of accelerating our position as the definitive worldwide leader in Digital Risk Protection,” said James Foster, ZeroFOX CEO. 

CNET: Amazon doubles down on Echo home security. What to know

Once the merger completes, Gilman Louie, Executive Chairman of LookingGlass, will be joining the ZeroFOX board of directors. 

Existing Cyveillance customers will continue to receive their services as normal and will also be offered access to ZeroFOX solutions. 

“To accelerate the innovation and service delivery for organizations worldwide who depend on us to protect their critical assets, data and accounts on public platforms, we are employing acquisitions as multipliers in our go-forward strategy,” ZeroFOX added. 

The purchase of Cyveillance is ZeroFOX’s first acquisition since its founding in 2013. The company has previously raised over $154 million through multiple investment rounds. 

TechRepublic: How to boost the effectiveness of your cybersecurity operations

Last week, Imperva acquired database security firm jSonar. While financial

Tesla Acquires Automation Company

According to The European and other reports, Tesla has acquired a German branch of Canada-based automation company, ATS Automation Tooling Systems. The branch Tesla is said to have acquired is known as ATW, which is described by ATS on their website.

“ATW, a member of ATS Mobility, Nuclear, and Specialty Automation, based in Neuwied/Germany, has extensive experience overcoming the challenges that battery module and pack assembly and test for electric mobility can present. Having partnered with nearly every major automobile manufacturer internationally, ATW has completed more than 20 battery production lines. With this portfolio of projects, ATW customers have come to expect short lead times and project flexibility that is crucial to remain competitive in the dynamic electric mobility industry. ATW is a trusted name in automation to the world’s leading OEMs and tier 1 suppliers responsible for building the critical components that bring vehicles to life.”

ATW has worked with BMW and Daimler on their latest battery assembly lines, but business has slowed down during the coronavirus pandemic. “The company was considered highly profitable. A decline in orders, which is reportedly also due to Corona, forced short-time work and ultimately maneuvered the company into the abyss – until the deal with Tesla saved from bankruptcy. The Californians, on the other hand, need well-trained engineers and skilled workers in Germany. This created a win-win situation for both sides,” says The European in a translated quote.

Parent company ATS trades on the Toronto stock exchange, carrying a market capitalization above $1B. With a reported 210 employees, ATW represents about 5% of the ATS workforce. While financial terms of the acquisition have not been disclosed, if the market cap were evenly distributed by head count, a very rough estimate may put ATW’s valuation near $75M. The transaction value is likely a relatively

ECI Software Solutions Acquires BOLT Software

ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has acquired BOLT Software, a cloud-based construction business management solution. BOLT will become part of ECI’s Residential Home Construction Group, joining MarkSystems (ECI’s flagship ERP for residential home builders); Lasso CRM (ECI’s CRM solution built specifically for the homebuilding industry, including lead management, automated sales processes, email marketing and reporting capabilities); LotVue (ECI’s cloud-based lot inventory management system); and BuildTools (ECI’s cloud-based project management system for custom homebuilding and remodeling).

Built by the trades for the trades, BOLT is a SaaS solution that simplifies project management, scheduling and estimating for new home construction subcontractors. BOLT will complement MarkSystems’ Internet Toolkit (ITK) functionality. Where ITK helps builders communicate key details with their subcontractors, BOLT will help those subcontractors truly manage their teams: from rescheduling due to unforeseen delays to scheduling out multiple crews simultaneously.

To help accelerate BOLT’s growth, ECI plans on making investments in product development, go-to-market and customer success strategies.

“ECI is dedicated to helping the small and medium businesses we serve get business done, better than ever before,” said Ron Books, CEO, ECI. “BOLT is an exciting opportunity for us to bring that mission to the subcontractor market that our residential construction customers rely on to accomplish their own business objectives.”

“Home builders and remodelers do extremely valuable work,” said Scott Duman, president, Residential Home Construction Group at ECI. “In addition to enhancing the lives of people in their communities, they are a critical part of their local economy and the small business ecosystem as a whole, and we have dedicated ourselves to making sure they have the best tools available to do their jobs. Adding BOLT to our portfolio allows us to serve the market even better than before.”

“In 2016,