IBM Stock Jumps on Randori Acquisition
June 07 2022 - 10:09AM
TipRanks
International Business Machines (IBM) plans to acquire
cybersecurity startup Randori for an undisclosed amount. IBM stock
rose 1.2% to close at $142.88 on June 6. New York-based IBM
provides a range of IT products and services, including security
solutions. Meanwhile, Boston-based Randori provides "attack surface
management," a solution that involves continuous monitoring of a
client’s system to identify potential vulnerabilities. Randori
offers security monitoring from a hacker’s perspective. The
startup is backed by investors such as Harmony Partners, Legion
Capital, Accomplice, and .406 Ventures. According to Crunchbase
data, Randori’s valuation falls in the range of $50 million to $100
million.
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