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Daily Crunch: Corporate management startup Ramp doubles its valuation to $8.1B with new financing

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

After Anaplan, which SaaS company will private equity target next?

The stock market hasn't been kind to SaaS companies in recent quarters, which makes us wonder if we’re seeing the beginning of a trend of private equity taking aim at vulnerable SaaS firms.

Thoma Bravo to take Anaplan off the board for $10.7B

It’s a bit unusual for meaningful tech news to break on a Sunday night, but that’s what happened last night when private equity firm Thoma Bravo announced it was acquiring Anaplan, the Saa

2021 was a record-breaking year for cybersecurity startups

2021 may have been a rough year for cybersecurity, but it was a record-breaking year for security startups. According to new data from Momentum Cyber, a financial advisory firm for the security indust

After the acquisition: 3 startup executives share their exit experiences

In Part 1 of this series, we spoke to acquiring companies about the deal and how they integrate acquired firms. In Part 2, we talk to executives from the three companies that they bought.

Raleigh’s Pendo acquires UK’s Mind the Product to boost global product manager community

Last year product analytics and digital adoption platform Pendo pulled in $110 million investment from private equity firm Thoma Bravo, and that was not long after a $150 million tranche of funding.

VCs approached Facebook to fund a spinout of Workplace valued at over $1B, but Facebook declined

Workplace — the app originally built as a version of Facebook for employees to communicate with each other — now has more than 7 million users, carving out a place for itself as an app to

Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

Big banks are under a lot of pressure to modernize their services to meet demands of consumers who now view as table stakes things like mobile apps that identify who and where you are; or instant, on-

Sinch acquires Pathwire, the company behind Mailgun and Mailjet, for $1.9B to add email into its API-based communications platform

Sinch, the Swedish company that competes with Twilio and others in the world of messaging and other communication APIs is making another big M&A play to build out its platform. It has signed a def

Thoma Bravo takes a stake in threat intelligence provider Intel 471

Private equity giant Thoma Bravo has taken a stake in Intel 471, a provider of cyberthreat intelligence for enterprises and governments. The strategic growth investment, which comes as organizations d

Cybersecurity VC funding surges to a record $11.5B in 2021

The pandemic completely upended the threat landscape as we know it. Ransomware has accounted for an estimated 2.9 million attacks so far in 2021, and supply-chain attacks that targeted Kaseya and Sola

Cybersecurity giants NortonLifeLock and Avast merge in $8.1B deal

U.S. cybersecurity firm NortonLifeLock has confirmed it is acquiring British rival Avast in order to create a global consumer security powerhouse. The agreement, which comes just weeks after both com

Sophos extends its spending spree with Refactr buy

Thoma Bravo-owned Sophos has announced its second takeover in as many weeks with the acquisition of Seattle-based DevSecOps startup Refactr. Refactr was founded in 2017 and offers an automation platfo

Sophos acquires Braintrace to supercharge its threat detection capabilities

Thoma Bravo-owned Sophos has announced it’s acquiring Braintrace, a cybersecurity startup that provides organizations visibility into suspicious network traffic patterns. Terms of the deal were

Barracuda acquires Skout Cybersecurity to enter the XDR market

Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. The deal, the terms of which were not disclosed, will s

Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash

More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion i

Thoma Bravo to acquire RealPage property management platform for $10.2B

The busy year in M&A continued this weekend when private equity firm Thoma Bravo announced it was acquiring RealPage for $10.2 billion. In RealPage, Thoma Bravo is getting a full-service property

Thoma Bravo acquires Flexera for second time paying $2.85B

Thoma Bravo must really like Flexera, an IT asset management company out of Chicago. The private equity firm bought the company for the second time today. Sources told TechCrunch the price was $2.85 b

Ivanti has acquired security firms MobileIron and Pulse Secure

IT security software company Ivanti has acquired two security companies: Enterprise mobile security firm MobileIron and corporate virtual network provider Pulse Secure. In a statement on Tuesday, Ivan

Cato Network snags $130M Series E on $1B valuation as cloud wide area networking thrives

Cato Networks has spent the last five years building a cloud-based wide area network that lets individuals connect to network resources regardless of where they are. When the pandemic hit, and many bu
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