Schwarz Group Acquires XM Cyber for $700 Million

Germany-based retail giant Schwarz Group this week announced the acquisition of security posture management company XM Cyber for $700 million. Schwarz Group, known for brands such as Lidl and Kaufland, is the world’s fourth-largest retailer. Last year, it announced launching a cloud computing service for third-party retailers. read more Source: Security Week

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Cyber Insurance Firm Resilience Raises $80 Million

Cyber insurance and security solutions provider Resilience on Monday announced raising $80 million in a Series C funding round. The funding round was co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures. read more Source: Security Week

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