London-based event tech startup Hopin has entered liquidation, with accounting firm PwC overseeing the process. The company previously sold off some assets, including its original events platform, and its founder stepped down as CEO. Hopin had experienced significant funding and valuation growth but struggled to handle the rapid influx of capital. The CEO stated that the company can pay off its debts in full.
Investment firm KKR is acquiring VMware’s End User Computing (EUC) business from Broadcom for $4 billion. The EUC division, which includes virtual desktop infrastructure and digital workspace solutions, will become a standalone company under KKR’s ownership. KKR plans to focus on R&D, strategic partnerships, and employee ownership. The deal is expected to be finalized pending regulatory approvals.
Compliance Scorecard and ConnectSecure have partnered to introduce an automated asset governance solution for Managed Service Providers (MSPs). The joint solution allows MSPs to pull inventory data from ConnectSecure vulnerability scans into Compliance Scorecard’s Asset Scorecard, enabling them to identify and govern all managed assets. This automation streamlines compliance management and offers a valuable value-add for MSPs. The joint solution will be showcased at the Right of Boom event in Las Vegas.
Radware has introduced a new business offering for managed security service providers (MSSPs) to customize and resell their Cloud DDoS Protection and Cloud Application Protection Services. This initiative aims to help MSSPs expand their services and revenue opportunities while safeguarding their customers against cyber threats. US Signal is among the first partners to collaborate with Radware in enhancing their cyber defense offerings.
Enkrypt AI has raised $2.35M in funding to build a visibility and security layer for generative AI and large language models (LLMs). The platform, called Enkrypt AI Sentry, aims to ensure the safety, reliability, and compliance of LLMs, reducing vulnerabilities and addressing concerns around security and privacy. Enkrypt AI’s approach offers visibility, security, data privacy, and compliance management for enterprises adopting generative AI.
Why do we care?
Lightening round. The lesson from Hopin is not about virtual events but about handling explosive growth. The pandemic kickstarted Hopin, but they didn’t manage it well.
KKR sees a value Broadcom doesn’t, so they’re picking it up. A new twist on that evolving story.