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Sophos acquires Network Detection and Response specialist Braintrace
Cybersecurity company Sophos has announced the acquisition of Braintrace, which specialises Network Detection and Response technology. Its tech provides deep visibility into network traffic patterns, including encrypted traffic. Braintrace’s developers, data scientists and security analysts have joined Sophos’ global Managed Threat Response and Rapid Response teams.
Uber Freight to acquire Transplace Inc. for $2.25bn
Uber Freight is acquiring shipping software company Transplace Inc. for $2.25bn. The deal will see Uber Freight pay TPG Capital $750m in cash and the remainder in common Uber stock. “The acquisition will combine the world’s premier shipper network platform with one of the industry’s most innovative supply platforms, to the benefit of all stakeholders,” said Frank McGuigan, CEO, Transplace.
Visa snaps up Currencycloud in $962m deal
Visa has agreed to buy British payments start-up Currencycloud for $962m, less than two years after participating in the startup's $80m funding round. CurrencyCloud has some 500 customers in 180 countries that use its APIs to power multi-currency wallets, currency exchange services, and account management. It's one of the many fintechs that power payment apps like Monzo, Starling and Revolut.
FTC warns hardware makers it will fight right to repair restrictions
The Federal Trade Commission has unanimously voted to take on unlawful “right to repair” restrictions in a new policy statement issued Wednesday. The new policy would target hardware manufacturers that strictly inhibit users’ abilities to repair their own devices, such as Apple. The news comes just days after the White House endorsed similar rules in an executive order on economic competition.
Saudi Aramco hit by cyberattack, $50m ransom demanded
Oil and gas giant Saudi Aramco has been hit by a cyberattack, with hackers reportedly demanding a $50m ransom. The Saudi Arabian company has confirmed that what it calls a "limited aount of company data held by third-party contractors" had been stolen. AP reports that one terabyte of information is being held by hackers. Aramco suffered a large-scale cyberattack in 2012.
Microsoft acquires cybersecurity platform CloudKnox
Microsoft has acquired cybersecurity platform CloudKnox Security Inc. Microsoft said CloudKnox helps organisations right-size permissions and consistently enforce least-privilege principles to reduce risk. The deal builds on Microsoft's recent acquisitions of RiskIQ and ReFirm Labs and shows its "focus and execution in acquiring, integrating and expanding the strongest defences for our customers."
Ford, Argo AI and Lyft partner to offer robotaxi services in Austin and Miami
Ford and Argo AI have announced their plans to make 1,000 self-driving taxis available to consumers via the Lyft ride-hailing app. The first robotaxis will roll out in Miami later this year and in Austin shortly after. "Each company brings the scale, knowledge and capability in their area of expertise that is necessary to make autonomous ride-hailing a business reality," said Lyft CEO Logan Green.
BT buys "multi-million pound" stake in Safe Security
UK telecoms giant BT has acquired a "multi-million pound stake" in cybersecurity management company Safe Security, according to a Reuters report. The move is part of its ambition to expand into the security sector. BT will be granted exclusive rights to use and sell SAFE to businesses and public sector bodies in the UK, and will incorporate the platform within its wider global portfolio.
Revolut pens partnership with Equifax
Revolut has announced a partnership with data analytics company Equifax to improve its US offering. Equifax was chosen for the ability to provide cloud-native differentiated data assets and real-time predictive analytics for a faster, more informed view of customers and prospects. "We're on a mission to build the world's first global financial superapp," said Ronald Oliveira, CEO of Revolut US.
Yapily completes $51m Series B
Yapily has raised $51m to supercharge the roll-out of its open banking API. The fintech works with financial services organisations, allowing companies to access financial data and initiate payments. Sapphire Ventures led the Series B round. Yapily will use the cash to expand across Europe. "We are only starting to scratch the surface of what’s possible," said founder Stefano Vaccino (pictured).
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