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The 10 Biggest Security Stories Of 2017

The security industry saw more threats and funding opportunities in 2017, with massive data breaches and ransomware attacks crippling major institutions, and vendors tapping into the deep pockets of private equity and IPOs.

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9. ForeScout, Okta And SailPoint File For IPOs

Public offerings continued to be all the rage for security vendors in 2017, with Okta, ForeScout Technologies and SailPoint Technologies turning to the markets to raise more capital.

Okta hit the public market in April at a valuation of $1.5 billion and was looking to raise $187 million to put toward its overall growth, innovation and potentially further acquisitions. Specifically, the company said it wishes to drive new customer growth, deepen customer relationships, expand its international footprint, boost integrations and industry partnerships, and leverage data and analytics.

ForeScout in October filed for its long-awaited IPO, looking to raise $100 million and calling out partners as a key factor in its growth strategy. The company said it plans to use capital from the IPO for general corporate purposes, headcount growth, working capital, sales and marketing, research and development and loan repayment.

SailPoint began trading in November on the New York Stock Exchange, bringing in more than $240 million on a market capitalization of $1.18 billion. The company had been owned by private equity firm Thoma Bravo, which maintained a roughly 60 percent stake in the company following the IPO.

 
 
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