R.I.P. root9B? We Hardly Knew Ya!
Summary: root9B Holdings, the cybersecurity firm founded in 2011 as root9B Technologies, announced it was ceasing operations on December 31, 2017, after NASDAQ said it would de-list the company on November 15. Its assets had been acquired by Tracker Capital Management LLC on September 28, 2017 and sold at auction, following losses of more than $18.3 million in 2016 and $8.03 million in 2015, and a stock decline of more than 90 percent since August 2017.
What's compelling: The company reached an all-time stock high in mid-May 2015 days after a report claiming its cyber intelligence had derailed a planned Russian attack on U.S. banks, a report KrebsOnSecurity dissected as thin and contradicted by other firms' findings. A security leader should sit with the fact that a firm can hold the #1 spot on the Cybersecurity 500, a list that rates firms on branding and marketing, while never turning a profit.
Read the original at Krebs on Security ↗
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