abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Esta página não está disponível em Português e está sendo exibida em English

Artigo

23 Ago 2024

Author:
Ryan Gallagher, BNN Bloomberg

Human rights risks amplify financial fallout for surveillance tech firm Sandvine

"Francisco Partners Ends Ownership of Crisis-Plagued Sandvine" 23 August 2024

US private equity firm Francisco Partners said it’s no longer the owner of troubled technology vendor Sandvine, which was blacklisted by the US government earlier this year for supplying mass surveillance and censorship technology...

...Over a period of several years, Sandvine struck controversial deals with several autocratic governments, including in Belarus, Egypt, Eritrea, the United Arab Emirates and Uzbekistan. The company’s equipment was frequently used in these countries to censor content on the internet, such as by blocking independent news or social media websites, Bloomberg News previously reported...

...Sandvine has been in a state of upheaval since late February 2024, when the US Commerce Department placed it on a blacklist for providing “mass web-monitoring and censorship” technology to the Egyptian government. The company, originally founded in Canada, was acquired by San Francisco-based Francisco Partners and combined with Procera Networks in 2017, in a deal worth $444 million...

...Sandvine has recently carried out mass layoffs that may amount to hundreds of jobs lost internationally, according to four people familiar with the matter who asked not to be identified because they aren’t authorized to speak publicly...Financial difficulties have posed an existential threat to Sandvine’s operations, leaving the company’s executives and lenders planning options for a substantial restructuring...Inclusion on the blacklist all but killed the company’s efforts to win contracts with some US companies...Some US-based customers refused to communicate with the company following the blacklisting, fearing that they could fall afoul of the US government’s sanctions...Meanwhile, Sandvine was left with a stockpile of equipment stored in the US that it could not export or install, two of the people familiar with the company’s situation said. The company also struggled to build new equipment because it has been unable to obtain essential components manufactured by US companies...

...Sandvine said in a statement in late February that it was “working closely with government officials to understand, address and resolve their concerns.” Company representatives didn’t respond to multiple requests for comment about the change to its ownership...

Privacy information

Este site usa cookies e outras tecnologias de armazenamento na web. Você pode definir suas opções de privacidade abaixo. As alterações entrarão em vigor imediatamente.

Para obter mais informações sobre nosso uso de armazenamento na web, consulte nossa Política de Uso de Dados e de Cookies

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Cookies analíticos

ON
OFF

Quando você acessa nosso site, usamos o Google Analytics para coletar informações sobre sua visita. A aceitação deste cookie nos permitirá entender mais detalhes sobre sua viagem, e melhorar a forma como nós colocamos as informações na superfície. Todas as informações analíticas são anônimas e não as utilizamos para identificá-lo. O Google fornece uma opção de não inclusão no Google Analytics para todos os navegadores populares.

Cookies promocionais

ON
OFF

Compartilhamos notícias e atualizações sobre empresas e direitos humanos através de plataformas de terceiros, incluindo mídias sociais e mecanismos de busca. Estes cookies nos ajudam a entender o desempenho destas promoções.

Suas escolhas de privacidade para este site

Este site usa cookies e outras tecnologias de armazenamento da web para aprimorar sua experiência além da funcionalidade básica necessária.