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.

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