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.  

Accenture to acquire French cybersecurity services provider Openminded

April 29: Global professional services company Accenture has entered into an agreement to by Openminded, a cybersecurity services firm that provides advisory, managed security services, and cloud and infrastructure services in Europe. "The alliance of our talent and capabilities perfectly leverages our expertise and would allow us to deliver on a global scale," said Openminded founder and CEO Herve Rousseau in a press release. Terms of the sale were not released.

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