Ending a year that witnessed several high-profile cybersecurity breaches, December saw two of the year’s largest. National retailer Target Corp. reported a breach of it users’ credit and debit card data that affected approximately 40 million accounts, with the perpetrators gaining access to card numbers and encrypted PIN data.
Barracuda Networks, a provider of advanced threat protection solutions, made its public debut on November 7, 2013, opening at $21.70, 20.6% above its final offering price of $18.00. Barracuda’s stock has maintained its initial increase, closing at $20.70 on November 29, 13.3% above its final offering price.
Barracuda Networks, a provider of advanced threat protection solutions, filed its S-1 on October 23, 2013. Barracuda plans to offer 4.14 million shares at a range of $18.00 – $21.00 per share, and will trade on the NYSE under the symbol, “CUDA.”
Cybersecurity firms continue to experience strong demand in the capital markets. FireEye, Inc., a provider of malware protection software, made its public trading debut on September 20, 2013 under the ticker FEYE.
Leaked spending details of the National Intelligence Program (“NIP”) made headlines in late August, providing insight into Intelligence Community (“IC”) funding levels. The NIP highlighted the relative dominance of CIA funding, accounting for 28% of GFY 2013 spending.
The month of June saw several cybersecurity and Big Data headlines, as well as strong M&A and venture capital (“VC”) activity. A Pentagon cybersecurity spending outline released by Bloomberg on June 10th highlighted $23 billion in spending through 2018, focusing on network security and developing offensive capabilities.
The cybersecurity industry has experienced solid growth, driven in part by fears of indiscriminate foreign cyberattacks that target commercial companies and government agencies alike.
The month of May featured several cybersecurity headlines, in addition to many M&A and venture capital (“VC”) transactions. A confidential report prepared by the Defense Science Board listed advanced weapon system designs, such as those of the Patriot missile and Aegis ballistic missile, that have been compromised by Chinese cyberspies. Amidst frequent and high-profile cyber […]