Comcast Wants a Slice of the Enterprise Cybersecurity Business


Telco and media conglomerate Comcast has jumped headfirst into the enterprise cybersecurity business, betting that its internal security tools and inventions can find traction in an expanding marketplace.

The Philadelphia technology giant has created a new cybersecurity business unit led by former Zscaler executive Nicole Bucala to develop and sell what Comcast is describing as a “security data fabric platform.

In a note announcing the new business unit, Comcast said the long-term plan is to bring its own chief information security officer’s (CISO) inventions to market, betting that its size and scale provides a major competitive advantage.

“The solutions we are commercializing are imagined, designed, built and used by Comcast itself. [We have] a high bar for the effectiveness of technologies; so for any internally built solution to survive, it has to be efficient and cost effective at scale,” Bucala said, arguing that this maturity provides trust to enterprise buyers.

The new cybersecurity business unit is housed in Comcast Technology Solutions (CTS), the division within Comcast that takes internally developed technology and makes it available to other enterprises. 

The company said its CTS division has successfully commercialized multiple internal inventions in content and streaming, advertising, communications infrastructure, and other technologies. 

The new cybersecurity business unit has rolled out its first product, called DataBee, that offers a place to centralize security, compliance, and business data.

The DataBee Platform claims it can  ingest data from multiple feeds, then aggregate, compress, standardize, enrich, correlate, and normalize it before transferring a full time-series dataset to data lakes.

Comcast’s entrance in the enterprise cybersecurity business comes at a tricky time. In the midst of an economic downturn that has led to layoffs and cutbacks in enterprise spending, analysts remain bullish on cybersecurity as a revenue generator.

Microsoft says it is now raking in $20 billion a year from cybersecurity-related revenue linked to enterprise consolidation of computing, security and compliance tools. Like Microsoft, Google has also jumped headfirst into the space, spending heavily to acquire Mandiant and Siemplify to beef up with cloud and business security offerings.

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Saviynt Raises $205M; Founder Rejoins as CEO


Identity and access governance vendor Saviynt on Tuesday announced the closing of a $205 million financing round and the return of its founder Sachin Nayyar as chief executive.

The latest funding brings the total raised by the California company to $375 million and provides a growth-mode runway for Saviynt to establish a foothold in a very competitive marketplace.

The new $205 million round was led by AB Private Credit Investors’ Tech Capital Solutions group, an affiliate of global investment management firm AllianceBernstein. 

Saviynt sells technology in the intelligent identity and access governance category. The company’s tools help organizations secure critical apps, data, and infrastructure in the cloud.

In tandem with the funding news, Saviynt said founder Sachin Nayyar will return to the company and take on the CEO role. Nayyar first led Saviynt from its creation in 2011 through 2018. 

Saviynt said it is enjoying exceptional company growth driven by continued strong demand for its Enterprise Identity Cloud, a cloud-native converged identity platform for workforce, enterprise applications, privileged and third-party identities.

The company said businesses are using its EIC platform to maximize ROI, lower costs, reduce complexity, and streamline IAM processes. 

Related: Identity Solutions Provider Saviynt Raises $130 Million

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