Time ran out for a non-binding takeover bid from the French government for the cybersecurity business of beleaguered Parisian IT consultancy Atos. Among the world's largest managed security service providers, the financially struggling firm is strategically important to the French government.
Robert Herjavec, outgoing CEO of Cyderes, details why he stepped down and how cybersecurity has evolved over his tenure. From identity management to the compliance role, Herjavec explains how managed services can address today’s cyber challenges and why Chris Schueler was picked as his successor.
As threat actors continue to evolve their attacks to circumvent security measures, cyber insurers are raising the bar for prospective healthcare security clients. Underwriters are increasing their scrutiny and adding new coverage requirements, said Chris Henderson of cybersecurity company Huntress.
Majority owner Dell is exploring a possible sale of Atlanta-based cybersecurity services vendor Secureworks, tapping investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, Reuters reported Thursday.
French IT consultancy Atos has raised 1.675 billion euros to restructure its debt as the company prepares to finalize a takeover bid by the French government. About 800 million euros will go toward keeping the business running, according to an announcement by the Paris-based firm on Monday.
LevelBlue laid off 15% of its 1,000-person workforce just months after AT&T sold a majority stake in the managed cybersecurity services firm to WillJam Ventures. The cuts will allow LevelBlue to refocus its resources on improving the depth, quality and delivery of its managed security services.
A takeover bid of debt-ridden French IT consultancy Atos hit a roadblock after a key company shareholder withdrew from a financial restructuring plan designed to help the firm recover from its 3.9-billion-euro liability, saying, "Conditions were not ripe to reach an agreement."
With $150 million of Series D funding led by Kleiner Perkins, Meritech Capital and Sapphire Ventures, Huntress is set to build or buy posture and recovery capabilities for endpoint and identity protection and enhance educational initiatives to counter the accelerating pace of cyberthreats.
How to succeed as an MSSP
When you're starting service with a customer, setting the correct tone early on is crucial. Acting in a haphazard or disorganized fashion can put the relationship at risk.
To help you build a successful managed security service we've assembled a list of key questions every MSSP should ask....
French IT consultancy Atos agreed to a last-minute financial restricting plan as the debt ridden company finalizes a proposed buyout by the French government. Atos said it will proceed with financial restructuring plans put forward by a consortium of investors and creditors led by Onepoint.
Organizations often grapple with the question of whether relying solely on Microsoft for cybersecurity is enough. Kevin Robertson, chief operating officer and co-founder of Acumen, makes the case for including best in breed security technology and services from specialized vendors.
Barracuda is looking to extend its tentacles beyond security and into remote monitoring and management through the purchase of MSP platform provider N-able, Reuters reported. The Silicon Valley-based SMB security provider owned by private equity firm KKR is one of the suitors for Boston-area N-able.
OpenText has acquired Pillr to strengthen its managed detection and response capabilities for small and midsized businesses. The integration will provide managed service providers with advanced security solutions, addressing increasing cyberthreats and expanding OpenText's security portfolio.
From the RSA Conference in San Francisco, three ISMG editors examined all the hype around artificial intelligence, including the latest AI-enabled cybersecurity solutions, the AI tactics that adversaries are using and the burning question at RSA: Who's in charge of AI in today's enterprises?
The French government could acquire a loss-making cybersecurity unit and other critical assets of Paris IT consultancy firm Atos after previous bids by competing firms fell through. Atos employs about 4,000 people and is strategically important to the French government.
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