Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BT takes multi-million pound stake in cyber firm Safe Security

07/21/2021 | 05:32am EDT

LONDON, July 21 (Reuters) - British telecoms group BT has taken a multi-million pound stake in Silicon Valley cyber risk management firm Safe Security, underlining its ambition to target growth in the sector, the company said on Wednesday.

Making its first major third-party investment in cyber security since 2006, BT will be the largest investor in the latest round of funding for Safe Security which helps companies and governments gauge and mitigate cyber risk in real time by aggregating signals from people, processes and technology.

It then quantifies the risk as a score and dollar value on its SAFE platform.

BT Chief Executive Philip Jansen said cyber security was at the top of the agenda for businesses and governments battling increasing levels of attack.

"Adding SAFE to BT's proactive, predictive security services will give customers an enhanced view of their threat level, and rapidly pinpoint specific actions needed to strengthen their defences," he said in a statement confirming the investment which was first reported by Reuters.

"Already one of the world's leading providers in a highly fragmented security market, this investment is a clear sign of BT's ambition to grow further."

Incubated from IIT Bombay in 2012, Safe Security counted former chairman and CEO of Cisco John Chambers in its $14 million Series A funding, along with senior executives from SoftBank, Sequoia, PayPal, Adobe, and McKinsey & Co.

The latest round, in which BT is the largest investor, is more than double the value of Series A, a source told Reuters.

Safe Security co-founder and chief executive Saket Modi said the company was delighted to be working with a proven security leader in BT.

"By aligning BT's global reach and capabilities with SAFE's ability to provide real-time visibility on cyber risk posture, we are going to fundamentally change how cyber security is measured and managed across the globe," he said.

As part of the investment, BT will be granted exclusive rights to use and sell SAFE to businesses and public sector bodies in the UK, and will incorporate the platform within its wider global portfolio. (Reporting by Paul Sandle; editing by Guy Faulconbridge and Jane Merriman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC -0.80% 155.25 Delayed Quote.17.43%
CISCO SYSTEMS, INC. -1.69% 55.89 Delayed Quote.24.89%
PAYPAL HOLDINGS, INC. -2.33% 269.91 Delayed Quote.15.25%
SOFTBANK GROUP CORP. 1.82% 6661 End-of-day quote.-17.34%
All news about SOFTBANK GROUP CORP.
12:01aSoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
RE
09/20Japanese shares fall on Evergrande jitters; bargain-hunting limits losses
RE
09/20Elliott Management Reduces SoftBank Group Stake, New York Post Reports
DJ
09/20India's Cars24 valuation nearly doubles after $450 mln raise
RE
09/17VC DAILY : Question: What's Top of Mind for VCs as the Fourth Quarter Approaches..
DJ
09/17ARES MANAGEMENT : Makes $150 Million Preferred Equity Investment in Inter Miami
MT
09/17COUPANG : SoftBank Unit Sells About $1.69 Billion of South Korean Coupang Stake
MT
09/17SOFTBANK : Vision Fund sold 57 million Coupang shares for $1.69 billion
RE
09/17Japanese shares post 4th weekly gain on catch-up trade, chipmakers boost
RE
09/17SoftBank Group's Vision Fund Sells $1.69 Billion of Coupang Shares
DJ
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 55 099 M 55 099 M
Net income 2022 1 310 B 11 948 M 11 948 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 9,15x
Yield 2022 0,66%
Capitalization 11 411 B 104 B 104 B
EV / Sales 2022 4,37x
EV / Sales 2023 4,14x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 661,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 57,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-17.34%104 235
AT&T INC.-5.39%194 276
T-MOBILE US-6.84%156 782
KDDI CORPORATION26.39%79 646
AMÉRICA MÓVIL, S.A.B. DE C.V.24.84%58 864
VODAFONE GROUP PLC-5.62%43 049