June 19, 2024 at 10:57AM
In the first half of June 2024, 15 significant cybersecurity-related M&A deals were announced. Key acquisitions include Everfox purchasing Garrison Technology, Formstack acquiring Open Raven, Fortinet buying Lacework, NetSPI acquiring Hubble Technology, and Tenable planning to acquire Eureka Security. This followed a drop in cybersecurity M&A deals compared to 2023.
Based on the meeting notes, the key takeaways are as follows:
– There were 15 significant cybersecurity-related merger and acquisition (M&A) deals announced in the first half of June 2024.
– In 2023, more than 400 cybersecurity M&A deals were announced, but there was a drop in both volume and disclosed deal value.
– Some of the important cybersecurity M&A deals announced in the first half of June 2024 include Everfox’s acquisition of Garrison Technology, Formstack’s acquisition of Open Raven, Fortinet’s acquisition of Lacework, NetSPI’s acquisition of Hubble, and Tenable’s planned acquisition of Eureka Security.
– There were also other cybersecurity M&A deals announced in the first half of May 2024.
Additionally, it’s worth noting that previous related articles mentioned Darktrace being taken private in a $5.3 billion sale to Thoma Bravo and 33 deals being announced in April 2024, as well as 28 deals being announced in May 2024.