The IT security software company Ivanti has acquired two security companies: the mobile security company MobileIron and the virtual network provider Pulse Secure.
In a statement on Tuesday, Ivanti said it bought MobileIron for $ 872 million in shares – 91% of shareholders voted for the deal – and acquired Pulse Secure from its parent company Siris Capital Group, but did not disclose the purchase price.
The deals are now closed.
Ivanti was founded in 2017 after Clearlake Capital, which Heat Software owned, bought Landesk from private equity firm Thoma Bravo and merged the two companies to form Ivanti. Headquartered in Salt Lake City, the combined company is primarily focused on enterprise IT security, including endpoint, asset and supply chain management. Since its inception, Ivanti has acquired several other companies including UK-based Concorde Solutions and RES Software.
If MobileIron and Pulse Secure sound familiar, both companies have made a sizable chunk of headlines this year after hackers began to exploit the vulnerabilities present in their technologies.
Just last month, the UK government’s National Cyber Security Center issued an alert warning of a remotely executable bug in MobileIron that was fixed in June and allowed hackers to break into corporate networks. CISA’s Cybersecurity Advisory Unit said the bug is actively being used by advanced persistent threats (APT) groups, typically associated with government-sponsored hackers.
Meanwhile, CISA also warned that Pulse Secure is one of several vulnerable companies’ VPN providers that has since become a favorite among hackers, especially ransomware actors who abuse the bugs to gain access to a network and deploy the file-encrypting ransomware.