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.

big data merger and acquisition big business smb
Thinkstock

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.)

Magnet Forensics acquires Comae Technologies' assets

May 5: Magnet Forensics, which sells forensics tools to help law enforcement and government organizations to investigate cybercrime, has purchased the assets of UAE-based Comae Technologies. The company plans to continue development of Comae's cloud-based memory analysis platform and incorporate the technology into its solutions. “My team and I are thrilled to be continuing our work alongside the team at Magnet Forensics, where the incident response technology can help protect thousands of enterprises and communities from cybercrime,” said Comae founder Mat Suiche in a blog post. Terms of the deal were not disclosed.

Vector Capital now the majority owner of WatchGuard Technologies

April 27: Private equity firm Vector Capital has acquired a majority stake in WatchGuard technologies, which offers network security and intelligence, advanced endpoint protection, multi-factor authentication (MFA), and secure Wi-Fi solutions. “Vector firmly believes in WatchGuard’s portfolio, partners, employees, and vision. This transaction is a testament to WatchGuard’s current success and the opportunity ahead,” said WatchGuard CEO Prakash Panjwani in a press release. “We believe Vector is well positioned to further accelerate WatchGuard’s growth strategy while preserving our company culture and commitment to security delivery through the MSP community.” Terms of the transaction were not disclosed.

1 2 Page 1
Page 1 of 2
22 cybersecurity myths organizations need to stop believing in 2022