Arxan Acquires Apperian

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Application security company Arxan announced this week it has acquired Apperian. The mobile application management company will operate as a subsidiary of Arxan. Terms of the deal were not disclosed.

Apperian was founded in 2009 and has enabled 2.5 million enterprise app installations. In the past two years, the company has seen its user base grow 180%. Apperian executive Mark Lorion will become president and general manager of the new subsidiary. Lorion stated he is excited about the transition, since the companies share an “app-centric philosophy.”

In a press release Arxan CEO Joe Sander describes Apperian’s security capabilities as “pivotal for organizations to securely deploy and manage their apps.” Arxan launched in 2001 to prevent attacks and protect products for mobile, desktop, server and IoT.

Arxan is an alum of both Finovate and FinDEVr, having demoed at FinovateEurope 2014 where it debuted mobile application hardening technology that uses object code to lock down applications. The company also presented at FinDEVr Silicon Valley 2015 where CTO Sam Rehman presented on protecting apps and data from emerging risks. Arxan currently protects applications running on more than 500 million devices. Last month, the company closed out the year by winning a total of six IoT security awards.

GreenAddress Acquired by Blockstream

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Terms have not been disclosed, but today we learned that Blockstream has agreed to acquire bitcoin wallet software maker and FinDEVr alum, GreenAddress.

Adam Back, Blockstream president, called GreenAddress a company with a “demonstrated track record of delivering an industry-leading product that prioritizes security, privacy, and convenience.” He said the acquisition was key to Blockstream’s goal of building out its sidechain technology roadmap. “The addition of an open source, well-tested production quality wallet was a natural choice,” Back said. “It increases the reach of our platform and allows us to meet the requirements of our enterprise applications.”

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Pictured: GreenAddress founder and CEO Lawrence Nahum during his presentation, “GreenAddress: Instant and Secure Bitcoin” at FinDEVr 2014 in San Francisco.

Writing at the GreenAddress blog, company founder and CEO Lawrence Nahum thanked those who have been using GreenAddress’ bitcoin wallet and ensured that GreenAddress wallets will continue to work (“your funds are safe by design,” Nahum wrote).  He listed a number of upcoming improvements to the technology, including a multi-platform wallet library, better privacy and security, as well as sidechain support. This last enhancement will enable GreenAddress wallet holders to manage other assets in addition to bitcoin, including assets to be developed by Blockstream and others over the coming months and years.

FinDEVr_SF2014_Alum_buttonFounded in 2013 and headquartered in Malta, GreenAddress participated in the inaugural FinDEVr developers conference in San Francisco in 2014. The company’s presentation, titled “GreenAddress: Instant and Secure Bitcoin,” focused on bitcoin’s multi-signature features, which pave the way for both better security and services like instant confirmation to make arbitration easier. Earlier this year, GreenAddress launched its replace-by-fee option, which aims to facilitate bitcoin transactions. Its wallet is available in both iOS and Android.

With more than $76 million in funding, Blockstream is a Montreal, Quebec, Canada-based blockchain firm that specializes in sidechains. Sidechains are decentralized P2P networks that promote interoperability between blockchains helping improve liquidity and reduce fraud in alternative currency transactions. Speaking of the importance of the technology, Blockstream investor Reid Hoffman wrote that the success of the company “will in turn generate new waves of technical and entrepreneurial innovation – it will help make Bitcoin the kind of open, highly adaptive platform upon which a vast array of complementary products and services can be built.” And with GreenAddress now onboard, let the building begin.

Markit Agrees to Acquire Prism Valuation

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Financial information services provider Markit has agreed to acquire Prism Valuation, a company that offers independent over-the-counter (OTC) derivative valuation and risk analysis. Financial terms of the deal were not disclosed.

Screen Shot 2016-06-20 at 3.34.07 PMThe acquisition will not only expand Markit’s customer base among regional banks, it will also complement the London-based company’s own Portfolio Valuations hosted service. Markit’s Portfolio Valuations service currently undertakes 4.7 million independent valuations per month and boasts 300k unique OTC and cash positions valued. Adding Prism’s service will enhance its coverage of complex OTC derivatives and structured OTC products.

Adam Kansler, co-head of information at Markit, said that the acquisition will grant it access to Prism’s “extensive expertise with complex OTC products,” and offer “exceptional valuation capabilities… across asset classes.” Prism Valuation founder and CEO Keldon Drudge anticipates that Markit’s scale and reach will offer Prism accelerated innovation and a platform to better support its customers

Markit expects the deal to close in a few weeks.

Founded in 2001, Markit gave a presentation titled, Financial Charts: Getting the Details Right at FinDEVr New York 2016. The company was acquired by IHS in March.

Financial Information Services Provider Markit Merges with IHS

MarkitHomepageFinancial information services provider Markit has merged with analytics company IHS. The transaction was unanimously approved by the boards of directors of both companies and is valued at more than $13 million– a number based on the closing prices of IHS and Markit common stock on March 18.

The two publicly traded companies have combined in an all-share merger. After the transaction closes in Q2 2016, the company will be renamed IHS Markit and will be headquartered in London. Commenting on the merger, Markit CEO Lange Uggla states:

“Together, we will create a global information powerhouse and a platform for innovation that drives future revenue. At the heart of our shared vision is the opportunity to offer our customers a broader and richer content set through both existing and new products that will support their critical decision making and manage regulatory change.”

The newly combined company will have 50,000 customers, including 75% of Fortune Global 500 companies.

Markit offers market data, indices, and pricing information and supplies processing services and software platforms to banks, hedge funds, asset managers, regulators and insurance companies. Tim Burcham, Head of Labs for Markit presented at FinDEVr San Francisco 2015 (video below).

To get a close look at the technology, you can watch Markit’s latest presentation at FinDEVr New York 2016 next week on March 29 & 30. Register here.