ARM Holdings lines up $600mn swoop for Treasure Data


ARM Holdings is preparing a $600mn takeover bid for data analytics specialist Treasure Data, reports Bloomberg. SoftBank-owned ARM, which is based in the United Kingdom and is an industry-leader in semiconductor and software design, is eyeing the acquisition to expand its footprint in the Internet of Things (IoT). IoT is at the forefront of ARM's long-term strategy - in June, it completed the acquisition of leading technology connectivity management provider Stream Technologies and by 2035 it hopes to operate a trillion connected devices around the world. ARM was sold to SoftBank in 2016 for a reported $32bn, a purchase funded by SoftBank's Vision Fund which delivers investment for startups in advanced technologies such as artificial intelligence, driverless cars, robotics and ride sharing, as well as IoT. Treasure Data operates cloud services tailored to Big Data collection, storage and analysis and already works with a number of major IoT companies.

This Week in Fraud & Big Data Technology – May 6, 2016 – Fraud & Technology Wire


Here are this week's top stories in fraud and big data technology: Thanks to its huge network of users, Sprint has access to vast amounts of user data. Three years ago it established subsidiary Pinsight Media to investigate ways of capitalizing on that data. Since then it has gone from serving zero to six billion ad impressions per months, based on "authenticated first party data" which it alone has access to. The fact that plain passwords are no longer safe to protect our digital identities is no secret. For years, the use of two-factor authentication (2FA) and multi-factor authentication (MFA) as a means to ensure online account security and prevent fraud has been a hot topic of discussion.

Cloudera and Hortonworks: Prodigal sons reunite


With the advantage of two sets of eyes and ears, one of us got the news live while the other just saw it in a series of cryptic text messages upon landing at Newark Airport a couple hours later: Cloudera and Hortonworks are entering a merger of equals that sees Cloudera stockholders owning roughly 60% of the combined company. Larry Dignan delivered the news flash yesterday: It puts together a company with roughly a $5 billion valuation and $750 million in revenues, with players that have been slowly advancing toward cash flow positive balance sheets. Until now, we thought that IBM would have been the more likely suitor for Hortonworks, given an OEM relationship that was finding increasing commercial traction. But as IBM of late has been busily pivoting the future of its business from Watson cognitive computing toward a boarder implementation of AI, not to mention the urgency of building the IBM Cloud business, there's been bigger fish to fry. The deal brings together two formerly fierce rivals.

ThetaRay raises $30 million to grow its AI-powered cybersecurity business


ThetaRay, a big data analytics company based in Hod HaSharon, Israel, today announced that it raised more than $30 million in a funding round led by Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, OurCrowd, SVB Investments, and others. That puts its fundraising total to date at about $60 million. "In this era when criminal activity and money laundering are increasing and becoming more sophisticated and also regulation is on the rise, there is a greater demand for our solutions," Mark Gazit, CEO of ThetaRay, said in a statement. "As the amount of digital information grows, you just can't protect it without artificial intelligence systems. ThetaRay offers the most advanced and mature solutions to detect threats before they happen."

Radware picks up Seculert for improved big data analytics, machine learning - SiliconANGLE


Distributed denial of service protection firm Radware Ltd. has acquired cloud-based security firm Seculert for an undisclosed sum. Founded in 2012, Seculert offers a software-as-a-service security platform that aims to fill gaps left by legacy perimeter defense and breach detection systems. It claims to protect enterprises from advanced threats by focusing on malicious outbound network traffic. The company's platform combines big data analytics, machine learning technology and behavioral analysis to provide visibility on the final two stages of the malware kill chain. Seculert's Javelin service is claimed to be the first inside-out attack simulation and remediation service that allows enterprises to determine how well their secure web gateway, next-generation firewalls or proxy would do at preventing real world malicious malware attacks from succeeding in communicating with their perpetrator's command and control servers.