July 29, 2024 at 06:57AM
In H1 2024, SecurityWeek recorded 178 cybersecurity-related M&A deals, the lowest since 2021. North America led with 135 deals, mainly in the US. Europe saw 49 deals, with the UK being the most active. Financial details for 33 deals totaled $33.5 billion. MSSPs were the most involved, with 50 deals. The ‘specialized’ category had nine deals.
Based on the meeting notes provided, here are the key takeaways:
1. A total of 178 cybersecurity-related merger and acquisition deals were announced in the first half of 2024, representing a decline compared to previous periods.
2. North America continues to lead in cybersecurity M&A transactions, with a majority of deals involving companies in the United States.
3. Financial details are known for 33 deals with a total value of $33.5 billion, including six deals valued at over $1 billion.
4. Managed security services providers (MSSPs) lead in M&A deals, with a decline in the number of pure MSSPs involved compared to the previous period.
5. Companies offering governance, risk management, and compliance (GRC) solutions and services were also involved in a significant number of acquisitions.
These takeaways provide a comprehensive overview of the cybersecurity M&A landscape in the first half of 2024, including regional trends, financial details, and the types of companies involved in these transactions.