October 18, 2023 at 07:00AM
In the first half of October 2023, there were over a dozen cybersecurity-related merger and acquisition (M&A) deals announced. Some notable acquisitions include Arctic Wolf’s acquisition of Revelstoke to enhance their security orchestration capabilities, KPMG’s acquisition of IMagosoft to expand their identity and access management services, and Okta’s acquisition of Uno to accelerate the release of their password manager. These deals highlight the ongoing consolidation and expansion in the cybersecurity industry.
Key Takeaways from Meeting Notes:
1. More than a dozen cybersecurity-related M&A deals were announced in the first half of October 2023.
2. SecurityWeek’s analysis reveals that over 210 cybersecurity mergers and acquisitions were announced in the first half of 2023.
3. Arctic Wolf plans to acquire Revelstoke to enhance its SOAR capabilities by combining their AI and ML models.
4. Bastion Security Group has acquired Cassini to provide a wider range of cybersecurity services, including governance, risk and compliance, penetration testing, consulting, and cloud security.
5. KPMG is expanding its IAM service offering by acquiring identity management solution provider IMagosoft.
6. LOCH Technologies has acquired Avirtek to expand its data detection and response capabilities for predictive AI anomaly detection.
7. Lumifi has acquired Castra Managed Services to improve its MDR capabilities, particularly with the Exabeam SIEM platform.
8. MC2 Titanium has acquired Singapore Telecommunications’ stake in Trustwave for $205 million, after Singtel’s initial acquisition of Trustwave in 2015.
9. Okta has acquired Uno to accelerate the release of its password manager, Okta Personal.
10. Tesserent is set to purchase Beyond Binary, a company specializing in penetration testing, red teaming, attack simulation, and consulting services.
11. Truecaller has acquired Unoideo (TrustCheckr) to strengthen its risk intelligence tool for enterprises.
12. TRM Labs has acquired Bitcoinabuse.com to enhance its Chainabuse platform for reporting malicious crypto activity.
13. Zyston has acquired Blue Lava to further enhance its cybersecurity performance management offering.
14. MSSP deals announced in September 2023 include Acheron Capital’s acquisition of Scientific Software and Systems (SSS), Climb Global Solutions’ acquisition of DataSolutions, Hi-COM’s acquisition of Computer Maintenance Agency (CMA), Magna5’s acquisition of Advanced Network Systems (ANS), and Telstra’s acquisition of Versent.