Google Drive will now let you spot anyone snooping around your company files

Securing your cloud storage systems is set to get a significant boost thanks to a new update from Google.

The company is updating its Google Drive platform to allow users to track external activity in their audit logs.

This should help admins spot any suspicious or unauthorized actions by external users, including attempts to copy, move or change data – keeping your important business information safe.

Google Drive audits

In a blog post announcing the news, Google noted that the change can help admins see new audit log events related to potential exfiltration that they could not see before, say for example if an external guest user makes a copy of your document in their organization.

The Google Drive audit log includes content created across a range of Google Workspace apps, including the likes of Google Docs, Sheets, and Slides, and also monitors content uploaded to Drive, such as PDFs and Microsoft Word files. 

Google says the feature will be switched on by default, and has begun rolling out to all Google Workplace customers with the Drive audit log feature now.

The news is the latest boost to Google Drive in recent weeks as the company launches a range of new tools and services.

This includes the launch of “search chips” in Drive, which lets users filter search results using various different parameters, including file type, labels and last modified date.

Google Drive will also make it possible to filter based on “To do” status, which narrows down the pool of results to include only files that have outstanding actions associated with them.

The platform will also soon begin to restrict access to files deemed to be in violation of the company’s policies. These files will be flagged to their owner and restricted automatically, which means they can no longer be shared with other people, and access will be withdrawn from everyone but the owner.

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Cloud giant Blackbaud acquires social SaaS company Everfi for $750 million

Cloud software giant Blackbaud has announced its intent to acquire “impact-as-a-service” company Everfi for $ 750 million. 

Based in Washington, DC, Everfi offers cloud-based online learning tools to private, public, and social sector organisations. Alongside this, Everfi works with a range of groups on corporate social responsibility (CSR) and environmental goals. 

The synergies between the two businesses are clear: Blackbaud, working with everyone from non-profits to K-12 schools to faith communities and arts organisations, gains another feather in its cap, one that will generate around $ 120 million in revenue during 2022, rising 20% over 2021, and reaches 45 million learners globally. 

Fiscally smart, socially good

The deal makes a lot of sense. Both companies offer each other extra reach and generate revenue that will help them grow symbiotically. 

“As companies continue to invest further in ESG and CSR programs to both give back and meet regulatory demands, they need a partner who can help connect their philanthropic goals to meaningful social impact opportunities,” said Blackbaud CEO Mike Gianoni. “Blackbaud and Everfi will work together to realize a shared vision of measurable social impact through world-class technology.” 

Under the terms, Blackbaud will pay $ 450 million in cash and a further $ 300 million in common stock. According to Crunchbase, Everfi has raised over $ 250 million. 

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Sage snaps up retail management company Brightpearl for £225 million

Software giant Sage has announced it will acquire Brightpearl, which makes an operating system for retail management, for £225 million. 

The deal for Brightpearl offers Sage an extra set of services to bundle with its existing accounting, financial, HR, and payroll tools for small- and medium-sized businesses.

The SaaS model used by Brightpearl also fits in easily, helping Sage expand its relationships with existing customers in the retail space. 

Sage Brightpearl deal

Sage already owned 17% of Brightpearl and the acquisition will be funded by cash. 

According to Sage, Brightpearl is expected to generate £20 million in revenue for 2021, up around 50% compared to the previous year, and will break even. 

The ultimate goal for the combined companies is to offer a suite of tools encompassing financial management, inventory planning, sales, supplier relations, CRM, fulfilment and warehousing, and logistics in one place. 

“Sage’s purpose is to knock down barriers so everyone can thrive,” says CEO Steve Hare.” Together, Sage and Brightpearl will remove the barriers that hold back retailers and wholesalers, streamlining their systems and enabling them to focus on growth.”

“We are thrilled to be joining Sage,” says Brightpearl CEO Derek O’Carroll. “Bringing our two teams together will combine the retail strength of Brightpearl and the scale, brand and financial expertise of Sage, enabling us to offer customers the most innovative financial and retail operating solutions so they can grow fearlessly, save time and deliver outstanding experiences.”

The deal is expected to close in January 2022.

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