The security market has been heating up. With the acquisition of McAfee by Intel Corp for $7.68 billion and ArcSight by Hewlett-Packard for $1.5 billion. Now its time to start looking for new startups. Two companies have caught my eye as they focus on two areas ripe for new ventures– security management and on-demand. identity management.
The first startup is Chicago-based HoneyApps which aims to simplify your security management by consolidating “ security vulnerability information, reporting and management into a single place.”. It has just secured $1 million in funding. Ed Bellis, former CISO at Orbitz, is one of the founders.
The second start-up is San Francisco based Okta, founded by ex-Salesforce.com executives- Todd McKinnon and Frederic Kerrest. It provides an on-demand identity and access management service.With the IT disruption cycle impending from a move to the cloud, similar services should help people accelerate their move to the cloud.
I’m looking forward to see how these companies fare and what their exit strategies end up being.