Top cybersecurity M&A deals for 2021

The cybersecurity market is hot, and vendors are buying competitors to solidify their position or acquiring other firms to expand their offerings.

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2021 is shaping up to be an active year for mergers and acquisitions in the cybersecurity industry. March alone saw more than 40 firms being acquired. The level of activity is driven by growth in sectors such as identity management, zero trust, managed security services, DevSecOps and cloud security.

In many cases, the acquiring company sought to strengthen its position in its market—Okta’s purchase of Auth0, for example. In others, the acquisition was an entry into a new market; Lookout is now a player in the secure access service edge (SASE) market with the acquisition of CipherCloud. Some used the newly acquired company to expand product capabilities, like Palo Alto Networks boosting its Prisma Cloud platform with cloud security technology from Bridgecrew.

Below are the deals that CSO has selected as the most significant of the year. (This list is updated periodically as new deals are announced.)

Sumo Logic finalizes acquisition of SOAR provider DFLabs

May 25: SIEM and cloud monitoring vendor Sumo Logic adds security orchestration, automation and response (SOAR) capabilities with its purchase of DFLabs. Sumo Logic will extend its cloud-native SIEM solution with DFLabs technology. “Customers are looking for a new approach to help them overcome the pain and complexity around an increasingly perimeter-less world,” said Greg Martin, vice president and general manager of Sumo Logic Security Business Unit, in a press release. “The DFLabs team are experts in helping customers navigate this new world. By aligning our cybersecurity expertise, customer validated and leading security portfolios, we believe we will be able to address the critical challenges our customers face as they navigate this changing threat landscape.” Terms of the deal were not announced.

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