Cybersecurity Mergers & Acquisitions and Capital Markets — August 2023

Courtesy: Clint Bundy
Courtesy: Clint Bundy

Year to date 2023 is continuing to demonstrate activity and resiliency in the mergers and acquisitions and capital placement markets for cybersecurity companies. Transactions to note through August include Thales’ acquisition of Imperva, Honeywell’s acquisition of SCADAfence and Coro’s acquisition of Privatise. This credible list of buyers and investors highlights the attractiveness and strength of the cybersecurity market in 2023. Bundy Group’s current engagements and upcoming client opportunities include cybersecurity, managed service providers and control system integration, all of which are centered around the field of information security. We look forward to providing relevant updates and closed deal announcements to the Industrial Cybersecurity Pulse audience in the future.

August 2023 cybersecurity mergers and acquisitions


Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, announced two major developments in its domain name API and Transport Layer Security (TLS) capabilities: the acquisition of Domainr, an ICANN-accredited real-time domain availability API provider, as well as general availability of Certainly, Fastly’s publicly-trusted TLS Certification Authority (CA). Learn more.


Converged Security Solutions LLC (CSS), a leading holding company in the IT transformation and security sectors, acquired Solutions By Design II, LLC (SBD), a highly regarded federal government contractor specializing in cybersecurity, application development and cloud solutions. SBD will be integrated into CSS’ Evolver LLC, a market leader in IT transformation and cybersecurity. Learn more.


Seceon, the pioneer of the first cybersecurity platform that augments and automates security operations services for MSPs and MSSPs, with an AI and ML-powered aiSIEM, aiXDR and aiMSSP platform, has acquired Helixera, a real-time big data analytics company, and its founder Waldek Mikolajczyk will join Seceon as the VP of cybersecurity solutions architecture. Learn more.


Israeli cloud security startup Laminar has been acquired by U.S. company Rubrik for an estimated amount of $200-$250 million, Calcalist has learned. This marks a significant exit for Laminar, a 3-year-old company that has raised $67 million to date. Learn more.


Partner One, one of the fastest growing software conglomerates in the world, has acquired Fidelis Cybersecurity software, intellectual property, equipment, inventory and customer and reseller contracts. Fidelis software is a leader in the cybersecurity industry, with innovative eXtended Detection and Response (XDR) and Cloud Native Application Protection Platform (CNAPP). Learn more.


Dynatrace (NYSE: DT), the leader in unified observability and security, announced it has signed a definitive agreement to acquire Rookout, a provider of enterprise-ready and privacy-aware solutions that enable developers to quickly troubleshoot and debug actively running code in Kubernetes-hosted cloud-native applications. Learn more.


Coro, which develops a cybersecurity platform for mid-market organizations, acquired Privatise, an Israeli supplier of network security solutions for in-office and remote work. The deal is estimated at several million dollars. Privatise, which was founded in 2020, has a team of eight people, who are expected to remain at Coro. Learn more.


Thales has reached an agreement with Thoma Bravo, a major software investment firm, for the acquisition of 100% of Imperva, a leading U.S.-based data and application cybersecurity company, for an enterprise value of $3.6 billion. Learn more.


Safe Security, the AI-driven cyber risk management company, has acquired RiskLens, the pioneer of the cyber risk quantification standard – FAIR. By combining RiskLens and Safe Security, the two companies are bringing together the world’s most advanced cyber risk quantification based on factor analysis of information risk, with the world’s most advanced AI-powered automated cyber risk management platform. Learn more.


Honeywell acquired SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and security governance, which are key to industrial and buildings management cybersecurity programs. Learn more.


Node4, a cloud-led digital transformation Managed Services Provider (MSP), acquired ThreeTwoFour, an award-winning information security and technology risk specialist. The acquisition is Node4’s third significant growth purchase in the last 18 months, having also bought risual, an IT managed services and solutions provider and Tisski, a leading U.K.-based independent Microsoft Business applications partner. Learn more.


Bitdefender, a global cybersecurity leader, has entered into a definitive agreement to acquire Horangi Cyber Security. Joining forces with Bitdefender aligns with their vision of being a trusted cybersecurity partner for customers worldwide. Learn more.


GraVoc anounced acquired Security Management Partners (SMP), a leading Massachusetts-based information security consulting company. Founded in 2001, SMP has built a comprehensive portfolio of information security solutions to help clients navigate the ever-changing cybersecurity and regulatory compliance landscapes. Learn more.


GraVoc announced acquired Security Management Partners (SMP), a leading Massachusetts-based information security consulting company. Founded in 2001, SMP has built a comprehensive portfolio of information security solutions to help clients navigate the ever-changing cybersecurity and regulatory compliance landscapes. Learn more.


HashiCorp acquired BluBracket, a startup that enables its customers to easily scan, identify and address secrets hidden in their source code, development environments, internal websites, chat services, ticketing systems and other locations. This secret-scanning functionality helps companies deliver secure code without compromising speed or innovation. Learn more.


Dataprise, a premier provider of managed IT, cybersecurity and cloud solutions, acquired RevelSec, a security-first managed service provider headquartered in Texas. The acquisition will further expand Dataprise’s national footprint and add high-value vertical expertise while providing RevelSec clients access to Dataprise’s broad portfolio of powerhouse services. Learn more.


Exacom, a leading provider of mission-critical communication recording solutions, has acquired SecuLore Solutions, a company specializing in cybersecurity solutions for public safety, critical infrastructure and local governments. Exacom adds security services to its portfolio to ensure public safety customers are protected from cyberattacks through monitoring and proactive recommendations. Learn more.


DNV, the global risk management and quality assurance provider, will fully acquire Helsinki-headquartered cybersecurity services firm Nixu following a public tender offer which resulted in DNV taking ownership of more than 93% of Nixu’s shares. Learn more.


Leading consulting and managed services provider for cloud infrastructure and cybersecurity announced their strategic partnership with 424 Capital. This joint venture represents the next step in Neovera’s business growth and expansion initiatives that will include the introduction of new services and technological capabilities. Learn more.


Informatica, the enterprise cloud data management leader, acquired Privitar, bringing advanced access controls and remediation for data privacy and security to Informatica’s AI-powered Intelligent Data Management Cloud (IDMC) platform. Privitar is a U.K.-based data management access and privacy software provider that powers organizations to democratize the ethical and safe use of data across enterprises. Learn more.


Melbourne-based cybersecurity firm Tesserent was acquired by French multinational Thales, in a $176 million share scheme recommended unanimously by the Tesserent board. The Australian company, which provides cybersecurity solutions to more than 1,200 midsized government, enterprise and critical infrastructure clients, will continue to be known as Tesserent. Learn more.


Blattner Tech, leaders in data analytics, artificial intelligence and machine learning, acquired Jigsaw Security Enterprise, a provider of threat intelligence capabilities. With this acquisition, Blattner Tech aims to enhance its cybersecurity capabilities and expand into the machine learning security space. Learn more.




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