Cybersecurity M&A Roundup: 31 Deals Announced in October 2023

Cybersecurity M&A Roundup: 31 Deals Announced in October 2023

November 7, 2023 at 05:24AM

October 2023 saw a total of 31 cybersecurity-related merger and acquisition (M&A) deals. Some notable acquisitions include Arctic Wolf’s acquisition of Revelstoke to enhance its security orchestration, automation, and response (SOAR) capabilities, and Okta’s acquisition of Uno to accelerate the release of its consumer password manager. Other acquisitions were made by companies like Bastion Security Group, KPMG, and Lumifi. There were also several acquisitions in the MSSP sector, with companies like Acheron Capital and Telstra making notable deals.

From the meeting notes, here are the key takeaways of the cybersecurity-related merger and acquisition (M&A) deals announced in October 2023:

1. Arctic Wolf acquired Revelstoke to enhance its security orchestration, automation, and response (SOAR) capabilities.

2. Bastion Security Group acquired Cassini to offer a wide range of services including governance, risk and compliance, penetration testing, consulting, and cloud security.

3. KPMG acquired IMagosoft to expand its identity and access management (IAM) service offering.

4. LOCH Technologies acquired Avirtek to expand its data detection and response capabilities for predictive AI anomaly detection.

5. Lumifi acquired Castra Managed Services to enhance its managed detection and response (MDR) capabilities.

6. MC2 Titanium acquired Singapore Telecommunications’ stake in Trustwave for $205 million.

7. Okta acquired Uno to accelerate the release of its first consumer offering, Okta Personal, a free password manager.

8. Tesserent is set to purchase Beyond Binary to enhance its penetration testing, red teaming, attack simulation, and consulting services.

9. Truecaller acquired Unoideo (TrustCheckr) to strengthen its risk intelligence tool for enterprises.

10. TRM Labs acquired to power Chainabuse, a platform for reporting malicious crypto activity.

11. Zyston acquired Blue Lava to enhance its cybersecurity performance management (CPM) offering.

In addition, there were more M&A deals announced from October 16-31:

12. Accenture acquired Mnemo and 6point6 to enhance its strategy and architecture capabilities in various sectors.

13. Cuentas acquired a majority stake in WHEN Group to integrate their cybersecurity solutions into the Cuentas Mobile Platform.

14. BAE Systems acquired Eurostep to accelerate the development of their digital asset management suite.

15. Check Point acquired Rmsource to enhance its managed security capabilities.

16. Cycura acquired Seekintoo and Proack to enhance patient data protection.

17. Itsme acquired NextAuth to enhance its digital identity capabilities.

18. Palo Alto Networks acquired Dig Security for its Data Security Posture Management (DSPM) technology.

19. Proofpoint announced plans to acquire Tessian to enhance its email security capabilities.

20. Redhorse Corporation acquired Allied Associates International (A2I) to add a cyber intelligence component to its services.

21. Rockwell Automation signed an agreement to acquire Verve Industrial to strengthen its cybersecurity solutions for industrial control systems (ICS) and operational technology (OT).

Lastly, there were several M&A deals involving managed security services providers (MSSPs) and distributors:

1. Acheron Capital acquired Scientific Software and Systems (SSS).
2. Climb Global Solutions acquired DataSolutions.
3. Ekco acquired Radius Technologies.
4. Hi-COM acquired Computer Maintenance Agency (CMA).
5. Magna5 acquired Advanced Network Systems (ANS).
6. Orro Group acquired NW Computing.
7. Telstra acquired Versent.
8. ZainTECH acquired Specialized Technical Services Company (STS).

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