Cybersecurity daily news

MSSP Market News: Cycode, Bearer, Check Point

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Each business day MSSP Alert delivers a quick lineup of news, analysis and chatter from across the MSSP, MSP and cybersecurity world.

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Today’s MSSP Alert Market News:

1. ASPM Acquisition: Cycode, a specialist in application security posture management (ASPM) has acquired Bearer, an AI-powered static application security testing (SAST), API discovery and data leak protection provider. The acquisition of Bearer will help Cycode achieve in its mission to deliver safe code, faster, the company said. This is technology M&A deal number 62 that MSSP Alert and sister site ChannelE2E have covered so far in 2024. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.

2. SaaS Security Release: Check Point Software Technologies has introduced Harmony SaaS, an advanced solution for safeguarding against Software-as-a-Service (SaaS)-based threats. The new offering from Check Point offers integrates into customers’ existing infrastructure and provides real-time threat prevention. Harmony SaaS installs within minutes, continually reduces the attack surface and automatically prevents threats as they arise, the company said.

3. Cloud Security Launch: Pentera has brought to market Pentera Cloud as part of its automated security validation platform to complement its Pentera Core and Surface products. Pentera Cloud enables on-demand security testing and resilience assessment of corporate cloud accounts against cloud-native attacks.

4. Funding Round: Six months after coming out of stealth, Sweet Security has secured a $33 million Series A funding round. The round was led by Evolution Equity Partners, joined by Munich Re Ventures and Glilot Capital Partners. Sweet, which specializes in deep runtime analysis to identify and address cloud risks, will use the funding to scale up its operations in the U.S. and expand its platform. Sweet is also unveiling enhancements to its unified runtime platform.

5. CISA Convenes Open Source Security Summit: The Cybersecurity and Infrastructure Security Agency (CISA) concluded a two-day Open Source Software (OSS) Security Summit this week convening OSS community leaders and announced key actions to help secure the open source ecosystem. As part of this collaborative effort, CISA announced several initial key actions to help secure the open source ecosystem in partnership with the open source community.

6. Leadership Move: Phosphorus Cybersecurity, a provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), has appointed Mike Sullivan as the president of Worldwide Field Operations, effective April 2024. An industry veteran with more than two decades of experience leading the sales and growth efforts at cybersecurity companies, Sullivan will play a critical role in driving Phosphorus’ global revenue growth and market expansion, the company said.

7. Security Partnership: OPSWAT, a specialist in perimeter defense cybersecurity solutions, has formed a strategic partnership with Foxguard, a global operational technology cybersecurity solutions provider. Foxguard and OPSWAT will combine their efforts on expanding customer outreach, with a focus on the nuclear, oil and gas, transportation and manufacturing industries. 

8. Application Security Release: Cobalt, a Pentest-as-a-Service (PtaaS) provider, has launched its new Dynamic Application Security Testing (DAST) offerings. By combining PtaaS with DAST, security and development teams gain a comprehensive solution for continuously assessing application risk, the company said.

Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.