Top cybersecurity M&A deals for 2022

The hot cybersecurity mergers and acquisition market continues into 2022 as vendors look to solidify their positions and expand their offerings.

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The number of cybersecurity mergers and acquisitions deals in 2021 set a record pace. The first three quarters of the year saw 151 transactions in the industry, according to 451 Research. That’s up from 94 for the same period in 2020. That trend is likely to continue in 2022.

Many of the 2021 transactions CSO reported were in the identity and cloud security markets, especially toward the end of the year. This trend is likely to continue as these markets consolidate.

In all markets, larger firms are looking to expand their capabilities. Recorded Future’s acquisition of SecurityTrails is an early 2022 example, as it adds attack surface monitoring technology to Recorded Future’s offerings.

Last year saw some companies that are not primarily in the cybersecurity market buy security firms to better protect their data and customers. In November 2021, global retailer Schwarz Group bought cloud security firm XM Cyber to enhance the security of its digital offerings. This is likely to continue into 2022, as evidenced by Google Cloud’s acquisition of Siemplify. Google Cloud already offers a suite of security tools to its cloud platform customers. Siemplify enhances gives it enhanced security orchestration, automation and response (SOAR) capabilities.

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.)

Thoma Bravo to buy Ping Identity

August 3: Private equity firm Thoma Bravo announced plans to buy identity and access management (IAM) provider Ping Identity for $2.8 billion. “Ping Identity's unique capabilities and strong position in enterprise identity security make it a great platform to deliver customer outcomes, expand into new use cases and support digital transformations,” said Thoma Bravo partner Seth Boro. 

HUMAN Security and PerimeterX merge to better fight fraud, account abuse

July 27: HUMAN Security (formerly White Ops) and PerimeterX have announced that they are merging. The combined company will operate under the HUMAN brand, integrating PerimeterX's identity and fraud detection and prevention technology into the HUMAN Defense Platform, enhancing its bot protection and anti-fraud capabilities. “Together, we will deliver on our shared purpose of disrupting the economics of cybercrime, and we will offer enhanced protection for our combined global customers with an unparalleled modern defense strategy," said HUMAN co-founder and CEO Tamer Hassan, who will remain CEO of the combined company, in a press release.

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