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Clutter, an on-demand storage company that has been backed by the likes of SoftBank, has acquired The Storage Fox, a storage startup with locations much closer to urban areas, according to a report.The acquisition cost Clutter around $152 million. Ari Mir, Clutters co-founder and CEO, said Clutter did not need to raise funding for the takeover, but will eventually look for more financing to handle growth.So far, Clutter has raised around $310 million including a $200 million round this year, led by SoftBank and it has a valuation of around $600 million. The company is active in 1,000 areas across the Un
stanley cupe ited States and is focused on growing domestically, but has an eye for international growth in the future. Expanding into self-storage is something we have been discussing since Clutters Series A pitch to Sequoia and we are excited to see it come to fruition, said Omar Hamoui, partner at Sequoia Capital, in a statement. The acquisition reinforces Clutters market leadership and expands Clutter services by offering a better experience for customers who need self-storage or on-demand storage. Eliav Dan, head of West Coast real estate finance at Barclays, said the acquisition would help Clutter grow its business in a positive way. Portfolios like that of The Storage Fox are extremely rare, and this acquisition signals that Clutter is uniquely positioned to take on and succeed in the self-storage industry, Dan said. Clutter competed with multiple self-storage RE
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Cyberthieves are getting crafty, focusing on sensitive information by targeting medical devices. The number of instances is rapidly increasing. According to KPMG, over the past two years, 81 percent of health care organizations were the victims of cyberthreats or even had data com
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stanley usa romised.The reason this is happening More health care-related organizations are connecting to the internet for saving and sharing data but have poor cyberthreat monitoring, cybersecurity policies and data access controls. The issue also extends to device disposal practices, which are not up to snuff. This all equals a vulnerability that hackers find easy to penetrate. From the Banner Health data breach in Phoenix, to the Excellus BlueCross BlueShied breach in 2015 leaking data back from 2013, to the breach of 11 million subscribers of Premera, experts say the concern is vast and not going away. Attacks can range from simple attacks through third-party applications, to malware with viruses or spyware placed on devices, to even ransomware聽that locks the device entirely and demands money from the user. Health care companies are indeed concerned, but some may feel paralyzed as to what to do about it, including how to encrypt data. Recently, the U.S. Food and Drug Administration announced new guidelines that encouraged medical device manufacturers to up the cybersecurity of their products. Experts recommend policy changes that include siloing each department of an organization
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