Jones Day has advised ST Telemedia, a part of the Singaporean government’s Temasek sovereign wealth fund, in its $89 million acquisition of a minority stake in Armor Defense Inc.
With a customer base of 1,200 organizations, Armor Defense Inc. aims to become a major force in the cybersecurity market, and today the Dallas-based company today announced that it’s speeding up its plans with the help of $89 million in newly raised financing.
Armor sells a cloud-based service that offers companies access to an extensive breach prevention toolkit and a team of security professionals who can help them put it to use. According to the provider, its experts handle the bulk of the day-to-day work involved in keeping hackers out of an organization’s infrastructure. They check for software vulnerabilities, sift through the activity logs collected from an environment for signs of suspicious activity and perform remediation when necessary.
It’s a modern twist on the tried-and-tested value proposition that traditional security outsourcing firms offer. One of the ways Armor sets itself apart is by providing a management console that can give an organization’s resident administrators a say in network protection operations. The dashboard provides information about key infrastructure metrics, highlights issues that fall under the responsibility of the in-house staff and includes controls for handling important tasks.
Armor focuses primarily on workloads that run in the public cloud, but its service also works with on-premise environments. Moreover, the provider offers its own hosting platform for companies that wish to outsource both their security and infrastructure operations.
Jones Day has advised Singapore Technologies Telemedia Pte. Ltd. on the deal with a team led by partners Dennis Barsky (picture) alongside associate Caitlyn McCarthy.
Law Firms: Jones Day;
Clients: Singapore Technologies Telemedia Pte Ltd;