Originally posted on Fortune Tech: Technology blogs, news and analysis from Fortune Magazine:
…is that they cause more investment in cybersecurity.
FORTUNE – The normally humdrum world of IT security is heating up, and not just because of comedian Stephen Colbert’s controversial closing keynote at last week’s RSA Conference.
Why? As the number of large-scale cyberattacks grows, so does the number of innovative startups developing new solutions to thwart those attacks. Venture capitalists are taking notice: In 2013, they made a total 123 investments in security-focused companies, up 108% from the year before, according to research from AGC Partners.
Then there are the recent exits, like FireEye’s (FEYE) $1 billion acquisition of computer forensics firm Mandiant and VMware’s (VMW) bid to buy mobile security player AirWatch for $1.5 billion. The IPO market is also healthy, with newly-public security companies like Palo Alto Networks (PAN), Proofpoint (PFPT) and Barracuda Networks (CUDA) all showing steady…
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