August 2, 2024 at 05:00AM
In July 2024, 25 cybersecurity-related merger and acquisition (M&A) deals were announced. Notable acquisitions include 360 Advanced acquiring Aberrant, Arieli EL’s majority stake in Elron Ventures, and Exiger’s acquisition of aDolus. These deals reflect a trend of consolidation and expansion in the cybersecurity sector amid a relatively quiet half-year for M&A activity.
From the meeting notes, the key takeaways are:
– In July 2024, there were 25 cybersecurity-related merger and acquisition deals announced, indicating a busy month for M&A activities in the industry.
– SecurityWeek’s analysis suggested that the first half of 2024 saw a total of 178 cybersecurity M&A deals, representing the least active half-year period since the organization began tracking M&A deals in 2021.
– Some notable M&A deals in July 2024 included 360 Advanced’s acquisition of Aberrant, Arieli EL’s acquisition of a majority stake in Elron Ventures, Excite Cyber’s intentions to acquire CBIT Digital Forensics Group, Exiger’s acquisition of aDolus, and Hiya’s acquisition of Loccus.ai, among others.
– Various other cybersecurity M&A deals were also announced in July 2024, involving companies such as Accenture, Bell, Bureau Veritas, Consensys, and more.
These takeaways summarize the major cybersecurity M&A activities in July 2024 and the industry’s overall M&A trend in the first half of the year.