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

Thirty-three cybersecurity-related merger and acquisition (M&A) deals were announced in April 2024.

Cybersecurity M&A 2024

Thirty-three cybersecurity-related merger and acquisition (M&A) deals were announced in April 2024.

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 April 2024:

Armis acquires Silk Security

Cyber exposure management firm Armis has acquired cyber risk prioritization and remediation company Silk Security for $150 million. Armis wants to integrate Silk’s platform into its Centrix Vulnerability Prioritization and Remediation product.

BeyondTrust acquires Entitle

Identity and access security firm BeyondTrust has announced buying Entitle, a privilege management solution that discovers, manages, and automates just-in-time access and modern identity governance and administration across the entire cloud estate. The deal enables BeyondTrust to address privileged access management (PAM) and cloud infrastructure entitlement management (CIEM) challenges. 

Commvault acquires Appranix

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Commvault, a firm that provides cyber resilience and data protection solutions for the hybrid cloud, has acquired cloud cyber resilience company Appranix. Commvault said Appranix enables it to help customers quickly restore operations following an outage or cyberattack. 

Entrust acquires Onfido

Identity verification firm Onfido has been bought by identity, payments, and data security solutions provider Entrust, reportedly for more than $400 million. Entrust said the acquisition enables it to provide a comprehensive portfolio of AI-powered, identity-centric security solutions.

IBM acquiring Hashicorp

IBM is acquiring HashiCorp for $6.4 billion. The deal enables IBM to build a comprehensive end-to-end hybrid cloud platform, using HashiCorp capabilities to improve areas such as generative AI, data security, IT automation, and consulting. The tech giant has highlighted HashiCorp’s infrastructure lifecycle management and security lifecycle management capabilities.  

Intel 471 acquires Cyborg Security

Threat intelligence company Intel 471 has announced buying threat hunting firm Cyborg Security. The deal enables Intel 471 to add new threat hunting capabilities to its portfolio.

KnowBe4 acquires Egress

Security awareness training firm KnowBe4 plans on acquiring Egress, a British late-stage startup that sells cloud email security technologies. Egress email security technologies will be combined with KnowBe4’s security awareness training and simulated phishing products.

OPSWAT acquires CIP Cyber 

Critical infrastructure security firm OPSWAT has announced acquiring CIP Cyber, a company that provides cybersecurity training and certification services. CIP Cyber will be integrated into the OPSWAT Academy training platform. 

RMC acquires Securicon

Risk management and industrial cybersecurity solutions provider Risk Mitigation Consulting (RMC) has announced its acquisition of Securicon, an IT and OT cybersecurity services firm. The companies will combine their expertise to provide more robust solutions spanning IT and OT cybersecurity and risk management.

Thoma Bravo acquires Darktrace

UK cybersecurity firm Darktrace has agreed to sell itself to private equity giant Thoma Bravo for approximately $5.32 billion in cash.

Veracode acquires Longbow Security

Software code analysis firm Veracode has announced a deal to acquire Longbow Security, a seed-stage startup working on technology to automate root cause analysis of serious security vulnerabilities.

Veeam acquires Coveware

Data protection and ransomware recovery firm Veeam has bought cyber extortion incident response company Coveware. Coveware will bring cyber extortion incident response services and proactive enterprise preparedness to Veeam’s existing ransomware protection and recovery capabilities. 

Wiz acquires Gem Security

Cloud security vendor Wiz has acquired Gem Security, an Israeli venture-backed startup specializing in cloud detection and incident response technologies. Financial terms of the transaction were not disclosed, but the deal has been reportedly valued in the range of $350 million. 

Zscaler acquires Airgap Networks

Cloud cybersecurity vendor Zscaler has announced plans to acquire Airgap Networks, a startup selling network segmentation and secure access technologies.

Other cybersecurity M&A deals announced in April 2024: 

Accenture acquires CLIMB

Aurias acquires Saepio

CASE merges with CyberKinetics

Cloudflare acquires Baselime

Cyderes acquires Ipseity Security

Drata acquires Harmonize.io

Evergreen acquires Digital Origin

Happiest Minds Technologies acquires PureSoftware Technologies

HUB Cyber Security acquires QPoint Technologies

LightEdge acquiring Connectria

nClouds acquires Foghorn Consulting

Opkalla acquires Cloudaeris 

Proton acquires Standard Notes

PDQ acquires CODA

Scantron acquires Btech 

Seisma acquires Q1 Group

Stefanini Group acquires Protega

Viatel Technology Group acquires MJ Flood Technology

VTG acquires Vana Solutions

X2Engine acquires Identifid

Related: Cybersecurity M&A Roundup: 27 Deals Announced in March 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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