FUNDING/M&ACybersecurity M&A Roundup: 41 Deals Announced in March 2023

An analysis conducted by SecurityWeek shows that more than 450 cybersecurity-related mergers and acquisitions were announced in 2022.

 

Akamai acquires Ondat

 

Akamai has acquired UK-based Ondat, a company that specializes in cloud storage technology that can be used for running business-critical, stateful applications safely. The technology will help Akamai enhance its cloud computing offerings. 

 

Altamira Technologies Corporation acquires VaST  

 

Altamira Technologies Corporation has completed the acquisition of Virginia Systems & Technology (VaST). The deal will help Altamira expand its SIGINT capabilities. VaST’s cyber capabilities include network defense and exploitation. 

 

ActiveFence acquires Rewire

 

Israel-based online protection provider ActiveFence has acquired UK-based Rewire, a company that specializes in developing AI for online safety. Rewire technology will help ActiveFence in better identifying harmful text-based content online. 

 

Cuscal acquires majority stake in Basiq

 

Payments, banking and regulated data provider Cuscal is buying a majority stake in consumer data right (CDR) platform Basiq. Both companies are based in Australia. The acquisition helps Basiq expand its offering for fintechs. 

 

Cherokee Federal acquires Criterion Systems

 

Cherokee Federal has announced the acquisition of IT and cybersecurity company Criterion Systems. Both companies provide solutions and services to the US government. The acquisition helps Cherokee expand its IT and cybersecurity services.

 

Cisco acquires Lightspin

 

Networking giant Cisco has announced plans to acquire Israel-based cloud security firm Lightspin, reportedly for $200-$250 million. The news comes just weeks after Cisco announced buying cloud security firm Valtix.

 

CyberRisk Alliance acquires KNOW Identity conference 

 

CyberRisk Alliance, which provides business intelligence and information services to the cybersecurity community, has acquired the KNOW Identity conference. 

 

Dekra acquires Onward Security

 

Germany-based safety and security solutions and services provider Dekra has purchased Taiwan-based IoT and IIoT cybersecurity compliance company Onward Security. The acquisition enables Dekra to expand its portfolio and its presence in the APAC region. 

 

HPE acquires Axis Security

 

HPE has bought cloud security company Axis Security to expand its edge-to-cloud security capabilities through a unified SASE solution. Axis’ platform will build on Aruba’s existing SD-WAN and network firewall offering.

 

Liquid Intelligent Technologies acquires Cysiv MEA

 

Mauritius-based IT and communications company Liquid Intelligent Technologies has acquired Egypt-based SOC provider and MSSP Cysiv MEA. The deal allows Liquid to boost its portfolio in Africa and the Middle East. Cysiv MEA will be rebranded as Liquid C2 following the acquisition. 

 

Optiv acquires ClearShark

 

Cyber advisory and solutions provider Optiv has acquired ClearShark, which provides cybersecurity and modernization technology to federal agencies. The goal is to create a federal sector powerhouse. 

 

Mastercard acquires Baffin Bay Networks

 

Payment technology giant Mastercard has acquired Sweden-based threat protection provider Baffin Bay Networks to enhance its ability to defend customers against cyber threats. 

 

Quadrant Private Equity acquires ZX, Quantum Security and Helix Security

 

Australian private equity firm Quadrant has acquired three cybersecurity firms based in New Zealand, reportedly paying between $40 million and $100 million for each. The acquired companies are ZX, Quantum Security and Helix Security, which provide roughly the same type of services, including security assessment, penetration testing, and training and certification. 

 

Rapid7 acquires Minerva Labs

 

Security operations heavyweight Rapid7 has announced a deal to acquire Israeli anti-ransomware startup Minerva Labs for $38 million. The acquisition is part of Rapid7’s plans to beef up its managed detection and response portfolio.

 

Rocket Software acquires Key Resources

 

Enterprise software developer Rocket Software has acquired Key Resources, which specializes in mainframe security and vulnerability identification and assessment. The deal helps Rocket expand its mainframe security capabilities. 

 

ScalePad acquires ControlMap

 

ScalePad, a Canada-based provider of operational management solutions for MSPs, has announced the acquisition of ControlMap, a US-based firm that provides a governance, risk and compliance platform for MSPs. The acquisition helps ScalePad expand its offering. 

https://www.securityweek.com/cybersecurity-ma-roundup-41-deals-announced-in-march-2023/

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