VMware Carbon Black

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VMware Carbon Black
FormerlyBit9
Bit9 + Carbon Black
Carbon Black
Company type Subsidiary
Industry Endpoint security
Founded2002;22 years ago (2002) (as Bit9)
FoundersTodd Brennan
Allen Hillery
John Hanratty
Headquarters
Waltham, Massachusetts
,
U.S.
Key people
Patrick Morley, CEO
Products Security software
Number of employees
1000+ (2019)
Parent VMware
Website carbonblack.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]

Contents

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]

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References

  1. ↑ "Carbon Black, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-02-13.
  2. ↑ "Advanced prevention: Nothing new, just better". Network World, June 6, 2014. 6 June 2014. Archived from the original on June 8, 2014.
  3. ↑ "Carbon Black stocks close 26 percent up on first day of public trading". Cyberscoop. May 4, 2018.
  4. ↑ "SEC S-1 Filing". SEC, 2018.
  5. ↑ "Carbon Black Announces Second Quarter 2019 Financial Results" . Retrieved 2023-12-22.
  6. 1 2 "VMware Completes Acquisition of Carbon Black" (Press release). GlobeNewswire. October 8, 2019.
  7. 1 2 Lardinois, Frederic (August 22, 2019). "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". TechCrunch .
  8. ↑ Lardinois, Frederic (August 23, 2019). "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". TechCrunch .
  9. ↑ "Dropbox's tale speaks to a Bay State weakness". The Boston Globe . August 5, 2012.
  10. ↑ "John Hanratty". Bloomberg L.P.
  11. ↑ "George Kassabgi". Veracode, 2014. Archived from the original on 2015-10-09. Retrieved 2014-08-13.
  12. ↑ "Bit9 Names New CEO". Dark Reading, December 3, 2007. 3 December 2007.
  13. ↑ "Elite Chinese Cyberspy Group Behind Bit9 Hack". Dark Reading, September 18, 2013. 18 September 2013.
  14. ↑ "What does the Bit9 and Carbon Black merger mean for businesses?". Tech Radar, March 12, 2014. 12 March 2014.
  15. ↑ "Carbon Black S-1/A Filing, pg. 11". SEC.gov. May 2, 2018. Archived from the original on May 4, 2018. Retrieved May 9, 2018.
  16. ↑ "Bit9 raises $38M, merges with Carbon Black in cybersecurity consolidation". Boston Business Journal, February 13, 2014.
  17. ↑ "Exclusive: Bit9 acqui-hires 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". Archived from the original on 2015-10-10. 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 . Retrieved 2016-07-21.
  23. ↑ "Carbon Black IPO Pops In Hot Cybersecurity Market". Investors Business Daily, May 4, 2018. 4 May 2018.
  24. ↑ "Bit9 + Carbon Black Raises $54.5M - Carbon Black". Carbon Black. Retrieved 2016-02-02.
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