The first few months of 2023 witnessed a tremendous number of mergers and acquisitions (M&A) and capital placement activity in the cybersecurity segment. Highlighted below are 22 transactions, which are a representative sample of transactions that occurred in the cybersecurity market through April 2023. The selling organizations offer such solutions as consulting, cloud security, managed services and value-added technology reselling. In addition, the list of cybersecurity buyers features several powerful brands, including Cisco, Accenture, Carlyle and Trend Micro. Based on the conversations and client engagements that Bundy Group maintains within the cybersecurity segment, we don’t anticipate any slowdown in cybersecurity M&A and capital placement activity within the near future.
April 2023 mergers and acquisitions
Akamai Technologies, Inc. the cloud company that powers and protects life online, has entered into a definitive agreement to acquire Neosec, an API detection and response platform based on data and behavioral analytics. Learn more.
Trace3 has acquired Set Solutions, an advanced cybersecurity consulting and procurement solutions provider. The acquisition continues Trace3’s strategic expansion plan. The investment allows the combined companies to deepen cybersecurity capabilities to drive success for commercial and enterprise clients. Learn more.
Utimaco, the global provider of IT security solutions, has acquired conpal GmbH for the protection of confidential data through encryption and authentication. Utimaco was already selling conpal products before the acquisition, and with the integration, it can offer customers a complete portfolio of IT security. Learn more.
Cisco is pleased to announce its intent to acquire Lightspin Technologies Ltd. a privately-held cloud security software company headquartered in Tel Aviv. Lightspin offers a holistic solution that provides end-to-end cloud security posture management (CSPM) across cloud-native resources. Learn more.
Stefanini Group, an information security company with its American headquarters in Southfield and global headquarters in Sao Paulo, Brazil, has acquired Brazil-based cybersecurity firm Safeway Consultancy. Learn more.
Cybersecurity firm XM Cyber Inc., owned since November 2021 by Schwarz Group, has acquired attack interception cybersecurity firm Confluera Inc. Founded in 2018, Confluera’s platform offers real-time attack interception and defense by deterministically identifying complex, multistage attacks. Learn more.
Managed services provider Interactive has ramped up its cyber expertise with the acquisition of Perth-based Slipstream Cyber Security. Founded by Brian Smith in 2017, Slipstream Cyber Security offers 24/7 cyber defence with an Australian-based cyber security operations centre, managed detection and response and penetration testing. Learn more.
Rapid7, Inc. a leader in cloud risk and threat detection, has acquired Minerva Labs, Ltd., a leading provider of anti-evasion and ransomware prevention technology. Rapid7’s Managed Detection and Response (MDR) services provide customers elevated detection and response capabilities across their cloud, on-premise and extended attack surfaces. Learn more.
Parsons Corporation has entered into a definitive agreement to acquire IPKeys Power Partners, Inc. IPKeys Power Partners will provide Parsons with cloud-based cybersecurity, software solutions and technologies to accelerate the global clean energy transition. Learn more.
Optiv, the cyber advisory and solutions leader, has acquired Maryland-based ClearShark LLC and ClearShark Services Inc. a premier advisor and top value-added reseller of cybersecurity and modernization technology to the United States federal government. Learn more.
Hewlett Packard Enterprise has entered into a definitive agreement to acquire Tel-Aviv, Israel-based Axis Security, a cloud security provider, expanding its edge-to-cloud security capabilities by offering a unified Secure Access Services Edge (SASE) solution to meet the increasing demand for integrated networking and security solutions delivered as-a-service. Learn more.
Summa Equity announced the acquisition of a majority stake in Logpoint, the creator of a reliable, innovative cybersecurity operations platform — empowering organizations worldwide to thrive in a world of evolving digital threats. Learn more.
Cherokee Federal, the federal contracting division of Cherokee Nation Businesses, announced the acquisition of Criterion Systems, a leading cybersecurity and IT services company. Learn more.
CyberMaxx, Inc., a tech-enabled cybersecurity services company, announced the acquisition of CipherTechs LLC. CyberMaxx and CipherTech have joined forces to deliver a full range of cyber security solutions including offensive, defensive, digital forensics/incident response and governance, risk & compliance security services. Learn more.
Nomios Group, a leading European provider of cybersecurity services and solutions, has completed the acquisition of a majority stake in Aditinet, a prominent cybersecurity company in the Italian market. The acquisition strengthens Nomios’ European position as one of the leading cybersecurity service companies. Learn more.
Trend Micro Incorporated, a global cybersecurity leader, has acquired Anlyz, a leading provider of security operations center (SOC) technology. The acquisition will extend Trend’s orchestration, automation and integration capabilities and will enable enterprises and Managed Security Service Providers (MSSPs) to improve operational efficiencies, cost effectiveness and security outcomes. Learn more.
Uptime Institute, Global Digital Infrastructure Authority and Dominus Capital, L.P. have completed the acquisition of LEET Security, an independent cyber security risk evaluation methodology and rating system. Learn more.
Zscaler, Inc., (NASDAQ: ZS), the leader in cloud security, announced the intent to acquire Canonic Security, a SaaS application security platform innovator. Canonic’s platform is designed to prevent organizations’ growing risks of SaaS supply chain attacks. Learn more.
Accenture (NYSE: ACN) has acquired Morphus, a privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, expanding its practice capabilities in Brazil and Latin America. Financial terms were not disclosed. Learn more.
SPAC Corner Growth Acquisition Corp. (NASDAQ:COOL) intends to merge with cybersecurity and digital transformation services provider Noventiq. Corner Growth said that it had signed a letter of intent and exclusive term sheet for the deal. Learn more.
Radiant Logic, the Identity Data Fabric company, has entered into a definitive agreement to acquire Brainwave GRC, a leader in Identity Governance and Analytics (IGA) headquartered in France. Learn more.
Global investment firm Carlyle has led a $55m Series B investment round in Hack The Box, a rapidly growing continuous cybersecurity upskilling and talent assessment platform. Learn more.
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