Everywhere you look, cybersecurity is booming.
But there are also huge professional success stories with companies and people working in cybersecurity that are making national headlines. Here are two examples that I want to highlight from just the past month:
- Cisco is buying Duo Security for $2.35 billion in cash — “Cisco today announced its intention to buy Ann Arbor, Mich.-based security firm, Duo Security. Under the terms of the agreement, Cisco is paying $2.35 billion in cash and assumed equity awards for Duo.
Duo Security was founded in 2010 by Dug Song and Jonathan Oberheide and went on to raise $121.M through several rounds of funding. The company has 700 employees with offices throughout the United States and in London, though the company has remained headquartered in Ann Arbor. …”
- Cybersecurity firm Tenable closes up 31% — Shares opened at $33.00,nudging the company’s market value above $3 billion, and closed at $30.25 per share.
I focus on these two examples because I happen to know Amit Yoran (CEO of Tenable), Dug Song and Jon Oberhide. I am not close friends with any of them, but I have done security work with each of them in a variety of different ways over the years. From speaking at conferences on the same panels, to meeting with their teams, to working on advisory boards together, I admire their hard work and business acumen.
While I did not profit personally from these great stories; nevertheless, I am really happy for them. Their companies will no doubt be studied in business schools around the world, and they are extremely (Read more...)
*** This is a Security Bloggers Network syndicated blog from Lohrmann on Cybersecurity authored by Lohrmann on Cybersecurity. Read the original post at: http://www.govtech.com/blogs/lohrmann-on-cybersecurity/stock-options-ipos-and-acquisitions-accelerate-cyber-talent-divide.html