Singapore-headquartered Near has acquired Paris-based location intelligence platform Teemo, while Acronis, a global provider of cyber protection services has acquired CyberLynx, an Israel-based cybersecurity consultancy firm.
Near acquires location intelligence platform Teemo
Singapore-headquartered Near, the world’s largest source of intelligence on people and places, has acquired Paris-based location intelligence platform Teemo, according to an announcement. The financial terms of the deal were not disclosed.
The strategic acquisition of Teemo will enable Near to offer more advanced data intelligence products, including audience curation and data-driven marketing capabilities, to customers in the European market. The move will also help it firmly establish its position of servicing global companies headquartered out of Paris.
“The acquisition of Teemo is a prime example of our commitment to a privacy-centric approach in providing data intelligence on human mobility,” said Anil Mathews, Founder & CEO, Near.
This acquisition reiterates Near’s stance on privacy led-design as Teemo is the first company officially declared GDPR-compliant by the French Data Protection Officer. GDPR, or General Data Protection Regulation is a regulation under EU law.
The CEO of Teemo, Benoit Grouchko, will join Near’s executive team as its Chief Privacy Officer.
Near processes data from over 1.6 billion monthly users across 44 countries. The Near Platform powers data-driven marketing and enrichment offerings through a suite of SaaS products.
Near is backed by Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments, Telstra Ventures, and Greater Pacific Capital.
Acronis acquires CyberLynx
Acronis, a global provider of cyber protection has acquired CyberLynx, an Israel-based cybersecurity consultancy firm as a part of its accelerated growth plan, according to an announcement. The financial terms of the deal were not disclosed.
The Singapore- and Switzerland-based Acronis the acquisition will help it provide security evaluation services to partners, empowering them to improve their clients’ protection.
Acronis will integrate CyberLynx’s services into its suite of Acronis Security Services, expanding the training and solutions available to increase an organisation’s security posture.
Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security challenges of the modern digital world.
Meanwhile, CyberLynx provides cybersecurity consulting services including IT security audits, penetration testing, and post-event cyber forensic services with offices in Israel, Luxembourg, Switzerland, and the UK.