As PeopleMatter is not a publicly traded company, there wouldn’t necessarily be a direct way to leverage this information for nefarious gains. That said, during the Mergers and Acquisitions phase there have been numerous instances where leaked information has derailed or even stopped negotiations.
In this instance, PeopleMatter and Snagajob did a great job in keeping things quiet, and barring a slight misstep in domain registration, it would have been nearly impossible to guess anything was taking place.
Two lessons that can be learned from this are:
- Security and IT operations play an important role in the M&A process in mitigating risks and disclosure.
- When registering domains pre-launch, it’s probably best to use a Proxy Registrar.
On behalf of the Soteria Team, congratulations to the teams at PeopleMatter and Snagajob!