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VMware Carbon Black

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This article is about the cybersecurity company. For the chemical compound, see carbon black.
Carbon Black, Inc.
FormerlyBit9
Bit9 + Carbon Black
Company typeSubsidiary
IndustryEndpoint security
Founded2002; 22 years ago (2002) (as Bit9)
FoundersTodd Brennan
Allen Hillery
John Hanratty
Headquarters
Waltham, Massachusetts
,
U.S.
Key people
Patrick Morley, CEO
ProductsSecurity software
Number of employees
1000+ (2019)
ParentVMware
Websitecarbonblack.com

Carbon Black (formerly Bit9 and Bit9 + 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] The current CEO, Patrick Morley, was formerly the chief operating officer of Corel. He took over the position in 2007.[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][25]

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

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.
  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. ^ https://www.carbonblack.com/company/news/press-releases/carbon-black-announces-second-quarter-2019-financial-results/
  6. ^ a b "VMware Completes Acquisition of Carbon Black" (Press release). GlobeNewswire. October 8, 2019.
  7. ^ a b "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". TechCrunch. August 22, 2019.
  8. ^ a b 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.
  13. ^ "Elite Chinese Cyberspy Group Behind Bit9 Hack". Dark Reading, September 18, 2013.
  14. ^ "What does the Bit9 and Carbon Black merger mean for businesses?". Tech Radar, March 12, 2014.
  15. ^ "Carbon Black S-1/A Filing, pg. 11". SEC.gov. May 2, 2018. Archived from the original on 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". Retrieved 2015-09-28.
  20. ^ Bit9. "Cutting-Edge MSSPs Supercharge their Services with Bit9 + Carbon Black, the Market Leader in Next-Gen Endpoint Security". Retrieved 2015-09-28.{{cite web}}: CS1 maint: numeric names: authors list (link)
  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.
  24. ^ "Carbon Black | CrunchBase". www.crunchbase.com. Retrieved 2016-02-02.
  25. ^ "Bit9 + Carbon Black Raises $54.5M - Carbon Black". Carbon Black. Retrieved 2016-02-02.
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