This is technology M&A deal number 82 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. See all technology M&A deals for 2022, 2021 and 2020 listed here.
RapidSec Acquired: What Does Orca Security Gain?
RapidSec's technology allows customers to integrate browser-based client-side protection (including CSP protocol) with "self-service and full automation that scans the network application continuously and adapts itself to any change," the seller indicated. The acquired startup has 50 customers including Dun & Bradstreet and Konica Minolta, Orca Security noted.
This is a tuck-in acquisition involving eight employees along with RapidSec's founding engineers. The founding team included CEO Shai Alon, VP of R&D Ori Koral, and Active Chairman Ido Yablonka (active chairman), a serial entrepreneur and former Yahoo-Verizon Israel CEO. We don't know if RapidSec had a partner program ahead of the deal.
Orca Security has had a Security Partner Program in place since August 2021. The solution provider focus area is designed for partners that are focused on projects or “managed outcomes,” which suggests Orca plans to engage MSPs and MSSPs. Solution providers can access market development funds, training, sales support and other tools and resources via the Security Partner Program, Orca noted.
The acquisition follows Orca Security's Series C funding, which valued the business at $1.8 billion. Orca now employs roughly 270 people, up from roughly 60 at the start of 2021.
Bigger Security M&A Rumor: No Deal?
The Orca Security-RapidSec deal surfaces roughly one month after rumors that SentinelOne wanted to acquire Orca Security -- but a deal ultimately could not be reached. MSSP Alert has not independently confirmed the rumor.