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The attack that may have exposed 18,000 SolarWinds’ customers also brought a lot of attention to the importance of cybersecurity. That had Wall Street analysts revising their views of the industry and the stocks.
Engaged Capital initiated a 9.96% position in the health-care, administrative-services tech firm, equal to 8,553,155 Evolent Health shares. That position has remained unchanged, as noted by Engaged Capital’s latest disclosure. What has changed is that Engaged and Evolent entered into a cooperation agreement as of Dec. 21. Per the agreement, Evolent will increase the size of its board by one to accommodate the appointment of an Engaged representative to serve until at least next year’s annual shareholders meeting. Engaged Capital will abide by customary standstill agreements, and will limi...
Order Reprints Text size SolarWinds has said close to 18,000 organizations could have been affected by malware inserted within updates to its Orion software. Bronte Wittpenn/Bloomberg SolarWindsissued a security advisory providing detailed information on steps customers should take in response to the continuing attack on the company’s widely used Orion IT management system—and confirming that two separate pieces of malware are now corrupting some installations. The company has previously said that close to 18,000 organizations could have been vulnerable as a result...