Company:VMware Carbon Black

From HandWiki
Short description: U.S.-based cybersecurity company
VMware Carbon Black
FormerlyBit9
Bit9 + Carbon Black
Carbon Black
TypeSubsidiary
IndustryEndpoint security
Founded2002; 22 years ago (2002) (as Bit9)
FoundersTodd Brennan
Allen Hillery
John Hanratty
Headquarters
Waltham, Massachusetts
,
United States
Key people
Kal De, CEO
ProductsSecurity software
Number of employees
1000+ (2019)
ParentVMware
Websitecarbonblack.com

VMware Carbon Black (formerly Bit9, Bit9 + Carbon Black, and Carbon Black) is a cybersecurity company based in Waltham, Massachusetts.[1] The company develops cloud-native endpoint security software that is designed to detect malicious behavior and to help prevent malicious files from attacking an organization.[2] The company leverages technology known as the Predictive Security Cloud (PSC), a big data and analytics cloud platform that analyzes customers’ unfiltered data for threats.[3]

The company has approximately 100 partners.[4] It has over 5,600 customers including approximately one-third of the Fortune 100.[5]

In October 2019, the company was acquired by VMware.[6][7][8]

History

Carbon Black was founded as Bit9 in 2002 by Todd Brennan, Allen Hillery, and John Hanratty.[9][10] The company's first CEO was George Kassabgi.[11] In 2007, Patrick Morley, the former chief operating officer of Corel, took over as CEO.[12]

In 2013, the company's network was broken into by malicious actors who copied a private signing key for a certificate and used it to sign malware.[13]

In February 2014, Bit9 acquired start-up security firm Carbon Black.[14][15] At the time of the acquisition, the company also raised $38.25 million in Series E funding, bringing Bit9’s total venture capital raised to approximately $120 million.[16] The company acquired Objective Logistics in June 2015.[17] In August 2015, the company announced that it had acquired data analytics firm Visitrend and would open a technology development center in downtown Boston.[18] A month later, the company announced it would partner with SecureWorks, Ernst & Young, Kroll, Trustwave, and Rapid7 to provide managed security and incident response services.[19][20]

The company changed its name to Carbon Black on February 1, 2016, after being known as "Bit9 + Carbon Black" for approximately two years.[21]

In July 2016, Carbon Black announced it had acquired next-generation antivirus software provider Confer for an undisclosed sum. Prior to the deal, Confer had raised $25 million in venture funding and had more than 50 employees. According to The Wall Street Journal , the deal was valued at $100 million.[22]

On May 4, 2018, the company joined public markets, listing as "CBLK" on the Nasdaq exchange. As part of its initial public offering (IPO), Carbon Black raised approximately $152 million at a valuation of $1.25 billion.[23] Prior to its IPO, the firm had raised $190M from investors including Kleiner Perkins, Highland Capital, Sequoia, Accomplice, and Blackstone.[24]

In October 2019, the company was acquired by VMware for $2.1 billion.[6][7]

References

  1. ↑ "Carbon Black, Inc.: Private Company Information - Bloomberg". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22562259. 
  2. ↑ "Advanced prevention: Nothing new, just better". Network World, June 6, 2014. 6 June 2014. http://www.networkworld.com/article/2360729/cisco-subnet/advanced-prevention-nothing-new-just-better.html. 
  3. ↑ "Carbon Black stocks close 26 percent up on first day of public trading". Cyberscoop. May 4, 2018. https://www.cyberscoop.com/carbon-black-ipo-first-day/. 
  4. ↑ "SEC S-1 Filing". SEC, 2018. https://www.sec.gov/Archives/edgar/data/1366527/000104746918002643/a2235165zs-1.htm. 
  5. ↑ "Carbon Black Announces Second Quarter 2019 Financial Results". https://www.carbonblack.com/company/news/press-releases/carbon-black-announces-second-quarter-2019-financial-results/. 
  6. ↑ 6.0 6.1 "VMware Completes Acquisition of Carbon Black" (Press release). GlobeNewswire. October 8, 2019.
  7. ↑ 7.0 7.1 Lardinois, Frederic (August 22, 2019). "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". https://techcrunch.com/2019/08/22/vmware-acquires-carbon-black-for-2-1b-and-pivotal-for-2-7-billion/. 
  8. ↑ Lardinois, Frederic (August 23, 2019). "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". https://techcrunch.com/2019/08/22/vmware-acquires-carbon-black-for-2-1b-and-pivotal-for-2-7-billion/. 
  9. ↑ "Dropbox's tale speaks to a Bay State weakness". The Boston Globe. August 5, 2012. https://www.bostonglobe.com/business/2012/08/04/dropbox-how-another-rocket-like-tech-company-got-away-from-boston/bZfzGajKNw3doamqZiJ2OK/story.html. 
  10. ↑ "John Hanratty". Bloomberg L.P.. https://www.bloomberg.com/profile/person/19030441. 
  11. ↑ "George Kassabgi". Veracode, 2014. http://www.veracode.com/leadership/advisors/George-Kassabgi. 
  12. ↑ "Bit9 Names New CEO". Dark Reading, December 3, 2007. 3 December 2007. http://www.darkreading.com/vulnerabilities-and-threats/bit9-names-new-ceo/d/d-id/1062040?. 
  13. ↑ "Elite Chinese Cyberspy Group Behind Bit9 Hack". Dark Reading, September 18, 2013. 18 September 2013. http://www.darkreading.com/attacks-breaches/elite-chinese-cyberspy-group-behind-bit9-hack/d/d-id/1140495?. 
  14. ↑ "What does the Bit9 and Carbon Black merger mean for businesses?". Tech Radar, March 12, 2014. 12 March 2014. https://www.techradar.com/news/world-of-tech/management/what-does-the-bit9-and-carbon-black-merger-mean-for-businesses-1233194. 
  15. ↑ "Carbon Black S-1/A Filing, pg. 11". May 2, 2018. https://www.sec.gov/Archives/edgar/data/1366527/000104746918003408/a2235562zs-1a.htm. 
  16. ↑ "Bit9 raises $38M, merges with Carbon Black in cybersecurity consolidation". Boston Business Journal, February 13, 2014. http://www.bizjournals.com/boston/blog/techflash/2014/02/bit9-raises-38m-merges-with-carbon.html. 
  17. ↑ "Exclusive: Bit9 acqui-hires Objective Logistics". http://fortune.com/2015/06/15/exclusive-bit9-acquires-objective-logistics/. Retrieved 2015-06-23. 
  18. ↑ "Bit9 + Carbon Black Continues Investment in Innovation by Acquiring Security Data Analytics Firm and Establishing Development Center in Boston" (Press release). August 27, 2015. Retrieved August 24, 2019 – via carbonblack.com.
  19. ↑ "Bit9 + Carbon Black Announces the Addition of EY's Managed SOC to the "Bit9 + Carbon Black Connect" Alliance Partner Program - Bit9 + Carbon Black". https://www.bit9.com/company/news/press-releases/bit9-carbon-black-announces-the-addition-of-eys-managed-soc-to-the-bit9-carbon-black-connect-alliance-partner-program/. Retrieved 2015-09-28. 
  20. ↑ "Cutting-Edge MSSPs Supercharge their Services with Bit9 + Carbon Black, the Market Leader in Next-Gen Endpoint Security" (Press release). 2 September 2015. Retrieved 2015-09-28.
  21. ↑ "Bit9 + Carbon Black is Now Carbon Black - Carbon Black" (Press release). February 1, 2016. Retrieved February 2, 2016 – via carbonblack.com.
  22. ↑ Zakrzewski, Cat (2016-07-19). "Carbon Black to Acquire Confer in $100 M Deal". The Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/carbon-black-to-acquire-confer-in-100-m-deal-1468927501. 
  23. ↑ "Carbon Black IPO Pops In Hot Cybersecurity Market". Investors Business Daily, May 4, 2018. 4 May 2018. https://www.investors.com/news/technology/carbon-black-ipo-cybertsecurity/. 
  24. ↑ "Bit9 + Carbon Black Raises $54.5M - Carbon Black" (in en-US). https://www.carbonblack.com/company/news/press-releases/bit9-carbon-black-raises-54-5m/. 

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