Cyera Signs Letter of Intent to Acquire Oasis Security for $1 Billion

Data security startup Cyera has signed a letter of intent to acquire non-human identity specialist Oasis Security for approximately $1 billion, TechCrunch reported. The proposed transaction would be paid primarily in cash, with the remainder in Cyera shares. Because the companies have signed a letter of intent, the acquisition remains subject to a definitive agreement and other closing…