In June 2023, there were twenty-three merger and acquisition (M&A) deals within the cybersecurity industry. Over 450 cybersecurity mergers and acquisitions were announced in 2022.
Romania-based Bitdefender has agreed to acquire Singapore-based Horangi Cyber Security. This move will allow Bitdefender to integrate Horangis' Cloud Infrastructure Entitlement Management (CIEM) and Cloud Security Posture Management (CSPM) capabilities into its GravityZone unified risk and security analytics platform.
Additionally, Bitdefender will incorporate Horangis proactive risk assessment, red teaming, and penetration testing services into its Managed Detection & Response (MDR) services.
Another notable acquisition is that of threat intelligence firm Jigsaw Security Enterprise by data analytics and AI company Blattner Tech. This acquisition will enable Blattner to strengthen its cybersecurity capabilities and venture into the machine-learning security space. Integrating Jigsaw technology will also enhance Blattners' ability to detect malware in encrypted traffic.
Financial services provider CBIZ has acquired information security consulting firm Pivot Point Security to bolster its cyber and security services. The acquisition of Pivot Point will enable CBIZ to enhance these services for their clients further.
CyberRisk Alliance is a business intelligence firm focused on cybersecurity. Has taken over LaunchTech Communications, which specializes in public relations and communications for companies operating in the cybersecurity and technology sectors.
This acquisition aligns with CyberRisk Alliances strategic goal of expanding their portfolio within the industry. Last but not least, Norway-based risk management company DNV has acquired Finland-based cybersecurity firm Nixu. With this acquisition, DNV now holds more than 93% of shares in Nixu with plans to acquire the remaining shares as well.
As a result, Nixu will be delisted from the Nasdaq Helsinki Stock Exchange. Accounting, payroll, and IT services provider ECIT has acquired a majority share in Kovert, a Norwegian company specializing in penetration testing, security testing, and cyber attack simulation services. ECIT will now own 50.1% of Kovert shares, with the option to acquire the remaining shares. This acquisition allows ECIT to expand its offerings in the cybersecurity field.
Exacom is a company that manufactures recorders for public safety and critical communications. It has acquired SecuLore Solutions. SecuLore Solutions provides cybersecurity services for public safety organizations, critical infrastructure, and local governments, including SOC monitoring, incident response, and training. This acquisition enables Exacom to further enhance its portfolio by offering security services alongside its communication products.
Technology consulting company GraVoc has purchased Security Management Partners (SMP) to strengthen its security offerings. GraVoc provides risk management, regulatory compliance, and IT assurance testing services. SMP assists organizations in building information security programs. With this acquisition, GraVoc can expand its governance, risk management, and compliance solutions while also doubling the size of its information security team.
Cloud infrastructure software firm HashiCorp has announced an agreement to acquire BluBracket. BluBracket is an early-stage startup that develops technology for identifying hidden secrets within source code. By integrating BluBrackets capabilities into their existing product portfolio, HashiCorp aims to assist businesses in scanning their source code for vulnerabilities more effectively.
Enterprise cloud data management firm Informatica is acquiring Privitar, a UK-based data management access and privacy software provider. This acquisition will strengthen Informatica's cloud data access management and governance capabilities as they integrate Privitars solutions into their platform.
Risk management firm Outpost24 has acquired Sweepatic—a Belgium-based company known for creating an external attack surface management (EASM) platform. This strategic move allows Outpost24 to enhance its capabilities by incorporating Sweepatics' technology into its suite of risk management solutions.
Ribbit, a leading fintech solutions provider, has acquired ValidiFI, a renowned company specializing in fraud prevention, compliance, and risk mitigation solutions. This strategic move is expected to position Ribbit as the industry's dominant banking and payment data platform.
Snyk, a trusted developer security firm, recently completed the acquisition of Enso Security, an Israel-based company known for its application security posture management (ASPM) capabilities. The deal was valued at over $50 million and enabled Snyk to enhance its offerings with Ensos' advanced technology.
Starfish Partners, a capital provider for recruiting firms seeking expansion, has successfully acquired NinjaJobs. Developed by cybersecurity professionals, NinjaJobs is a community-run platform for job seekers in the cybersecurity industry. This acquisition allows Starfish Partners to extend its reach into this rapidly growing field.
Sure is a leading identity verification solutions provider. It has recently announced its acquisition of Berbix. The purchase was made for approximately $70 million in cash and stock. Socures' international expansion will be greatly accelerated as it integrates Berbixs' automated ID verification technology into its offerings.
Thales, a renowned tech giant. It is set to acquire Tesserent, a full-service cybersecurity firm based in Australia. Valued at $116 million (A$176 million), this deal will enable Thales to expedite its cybersecurity development roadmap and expand its market presence in Australia and New Zealand while preserving the Tesserent brand.
Truesec is a reputable Swedish company offering various cybersecurity services, such as SOC management and threat intelligence analysis. It has completed the acquisition of Venzo Cyber Security from Denmark. By joining forces with Venzo Cyber Security's expertise in security advisory services and managed solutions delivery. Truesec strengthens its position as an industry leader.
Virtana recently acquired OpsCruise to enhance its capabilities in IT operations management. OpsCruise offers cutting-edge observability tools for cloud and Kubernetes environments. It enables Virtana to support Kubernetes deployments anywhere and automate anomaly detection for improved data protection and security.