December 2, 2024 at 11:37AM
In November 2024, a record 49 cybersecurity M&A deals were announced, contributing to a total of 178 deals in the first half of the year, the slowest since 2021. Notable acquisitions include Belden’s purchase of Voleatech, Bitsight’s acquisition of Cybersixgill, and CrowdStrike’s buy of Adaptive Shield.
### Meeting Takeaways: Cybersecurity M&A Activity – November 2024
1. **Record M&A Activity**: November 2024 saw a record high of 49 cybersecurity merger and acquisition (M&A) deals, marking it as a significant month for the year.
2. **H1 M&A Analysis**: In the first half of 2024, only 178 cybersecurity M&A deals were reported, indicating the slowest activity in this sector since tracking began in 2021.
3. **Key Acquisitions in November 2024**:
– **Belden acquired Voleatech** for $6 million, enhancing its OT cybersecurity solutions.
– **Bitsight acquired Cybersixgill** for $115 million, improving cyber risk management offerings.
– **CrowdStrike announced its acquisition of Adaptive Shield** for $300 million to bolster its Falcon platform.
– **Cybereason and Trustwave merged**, expanding their managed services and cybersecurity capabilities.
– **Databarracks acquired COOLSPIRiT**, aiming to strengthen its data protection solutions.
– **Malwarebytes acquired AzireVPN**, enhancing its privacy-focused product lineup.
– **N-Able bought Adlumin** for $266 million, adding advanced security solutions to its portfolio.
– **ServiceNow acquired Mission Secure**, improving visibility in operational technology environments.
– **Silverfort acquired Rezonate**, expanding its cloud identity security capabilities.
– **Snyk acquired Probely**, enhancing its application security testing tools.
– **Wiz announced the acquisition of Dazz**, expected to be around $450 million, adding an AI security engine.
4. **Other Noteworthy Deals**: A significant number of other mergers and acquisitions occurred, including:
– Aspire Technology Solutions, Blue Mantis, and others acquired various companies to enhance their offerings in the cybersecurity space.
5. **Overall Market Trends**: The spike in November could indicate a shift in market dynamics for cybersecurity M&A, suggesting companies are actively consolidating to enhance their technologies and service offerings despite an earlier slower pace in the year.
These takeaways provide a comprehensive overview of the cybersecurity M&A landscape for November 2024, highlighting the key players and strategic moves within the industry.