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Cybersecurity M&A Roundup: 29 Deals Announced in June 2024

Roundup of the more than two dozen cybersecurity-related merger and acquisition (M&A) deals announced in June 2024.

Cybersecurity M&A 2024

Twenty-nine cybersecurity-related merger and acquisition (M&A) deals were announced in June 2024, including some significant transactions.

An analysis conducted by SecurityWeek shows that more than 400 cybersecurity M&A deals were announced in 2023, with a drop seen in both volume and disclosed deal value.  

Here is a list of the most important cybersecurity M&A deals announced in June 2024:

Everfox acquires Garrison Technology

Everfox (formerly Forcepoint Federal) has entered a definitive agreement to purchase Garrison Technology. Everfox will leverage Garrison’s hardware-enforced security and software capabilities to improve cross domain, threat protection and insider risk solutions.

Finite State acquires MergeBase

Software risk management firm Finite State has announced buying Canada-based supply chain security solutions provider MergeBase to create an application security powerhouse. As a result of the acquisition, Finite State’s advanced binary analysis will be combined with MergeBase’s deep source code analysis to provide customers advanced software supply chain visibility and risk protection throughout the software development lifecycle.

Formstack acquires Open Raven

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Form, document, and eSignature software provider Formstack has acquired data management and security company Open Raven. The deal enables Formstack to expand its platform to address data management and security needs. 

Fortinet acquires Lacework

Fortinet has announced plans to buy Lacework, a late-stage cloud security startup that was once valued north of $1 billion. For Fortinet, the deal immediately modernizes its cloud security product line, adding Lacework technologies that are already deployed at 1,000 customers worldwide. 

JFrog to acquire Qwak AI

JFrog, a company that provides a software supply chain platform for DevOps and security, has acquired AI application platform Qwak AI. The goal is to accelerate the flow of AI models from development to production, including in terms of security. 

MajorKey merges with Clango

Identity security company MajorKey has merged with Clango, a firm that specializes in privileged access management and identity governance and administration. The combination is said to create an identity security powerhouse.

Mozilla acquires Anonym

Mozilla has acquired Anonym, a company specializing in privacy-preserving digital advertising. The browser maker says it will combine its scale and trusted reputation with Anonym technology to enhance user privacy and advertising effectiveness.

NetSPI acquires Hubble

NetSPI has acquired Hubble Technology, a cyber asset attack surface management (CAASM) and cybersecurity posture management firm. The integration of Hubble’s Asset Intelligence and CAASM product into NetSPI platform will enable security teams to achieve complete visibility of their attack surface, and to tackle asset and exposure management challenges. 

Tenable to acquire Eureka Security

Tenable has announced plans to acquire Eureka Security, an Israeli early stage startup in the competitive DSPM (data security posture management) space. The deal enables Tenable to boost its data security posture management capabilities.

Other cybersecurity M&A deals announced in June 2024: 

ArcherHall acquires Vestige Digital Investigations

Cloudera acquires Verta

Cybolt merges with Cyber Guards 

DataGuard acquires DPOrganizer

Dedagroup acquires Quod Orbis

E& enterprise to acquire GlassHouse

Fusion5 acquires GoCloud Systems

Incode acquires MetaMap

ITCM acquires Value Logic

Merkle Science acquires Staging Labs

Northamber PLC acquires Renaissance Contingency Services

Oakley to acquire co-controlling stake in I-TRACING

Omega Systems acquires Amnet Technology Solutions

PDI Technologies acquires Nuspire 

Rightworks acquires Practice Protect

Riskonnect acquires Camms

Synergy ECP acquires Spyros

Tech Data acquires Orca Tech

Tyto Athene acquires MindPoint

Virtual Technologies Group acquires Quotient

Related: Cybersecurity M&A Roundup: 33 Deals Announced in April 2024

Related: Darktrace to Be Taken Private in $5.3 Billion Sale to Thoma Bravo

Related: Cybersecurity M&A Roundup: 28 Deals Announced in May 2024

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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