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Cybersecurity M&A Roundup: 34 Deals Announced in November 2023

Thirty-four cybersecurity-related merger and acquisition (M&A) deals were announced in November 2023.

M&A cybersecurity

Thirty-four cybersecurity-related merger and acquisition (M&A) deals were announced in November 2023.

An analysis conducted by SecurityWeek shows that more than 210 cybersecurity-related mergers and acquisitions were announced in the first half of 2023.   

AMYNA Systems acquires EPL Advisors

Network security firm AMYNA Systems has acquired EPL Advisors, which specializes in strategy consulting, investor relations, fund raising, and early go-to-market sales.

Accenture acquires Innotec Security

Professional services giant Accenture announced buying Spain-based Innotec Security, a company that provides cybersecurity-as-a-service, cyber resilience and cyber risk management. The deal helps Accenture expand its MSSP capabilities, as well as its presence in Spain.

BlueVoyant acquires Conquest Cyber 

BlueVoyant has acquired Conquest Cyber to create a comprehensive cyber risk management platform for enterprises, including ones in highly regulated sectors. Conquest Cyber has been providing its services to the US government.

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Boltonshield acquires Scanmeter

Cybersecurity-as-a-service provider Boltonshield has acquired external attack surface management firm Scanmeter. Both companies are based in Switzerland. The deal enables Boltonshield to provide continuous automated cybersecurity testing services. 

Certn acquires Trustmatic

Canadian background screening firm Certn is expanding its identity verification services with the acquisition of Slovakia-based Trustmatic, which specializes in identity document reading and authentication, face liveness detection, and biometrics. 

Exterro acquires Divebell

Legal governance, risk and compliance (GRC) software provider Exterro has purchased data discovery SaaS solutions provider Divebell. The goal is to offer a solution for identifying, mapping and understanding organizational data, to help organizations effectively respond to legal requirements, including e-discovery, privacy, breach response and internal investigations.

Just Develop It acquires Total Security

Just Develop It has acquired Total Security from System1 in a deal valued at $340 million. System1 said the sale of Total Security enables it to focus on its core advertising business. Total Security provides consumer security and privacy products, including antivirus, password manager, web defense, and VPN solutions. 

Kiteworks acquires Maytech, DRACOON and ownCloud 

Data privacy and compliance solutions provider Kiteworks has acquired three secure file transfer companies as part of its global expansion: UK-based Maytech, and Germany-based DRACOON and ownCloud. 

Madison Dearborn Partners acquires T2S Solutions

Private equity firm Madison Dearborn Partners has acquired T2S Solutions, which provides a wide range of mission-focused technology products and solutions, including cybersecurity, to the US government. 

MetaCompliance acquires Increase Your Skills 

European cybersecurity awareness training firm MetaCompliance announced the acquisition of Germany-based Increase Your Skills (IYS), which also provides cybersecurity awareness training. The deal strengthens MetaCompliance’s presence in Germany. 

Palo Alto Networks acquires Talon 

Palo Alto Networks plans to buy secure enterprise browser firm Talon Cyber Security for $625 million. The deal helps Palo Alto Networks beef up its product offerings in the enterprise cloud data security space. 

PagerDuty acquires Jeli

Operations management firm PagerDuty has acquired Jeli in an effort to enhance its automated incident management solution. PagerDuty said Jeli enables its platform to improve enterprise resilience, and reduce the impact and risk of operational failure.

SentinelOne acquires Krebs Stamos Group

SentinelOne has acquired the Krebs Stamos Group, a company founded by former CISA director Chris Krebs and former Facebook and Yahoo security chief Alex Stamos. Krebs and Stamos will lead PinnacleOne, a new strategic risk analysis and advisory group launched by SentinelOne.  

SonicWall acquires Solutions Granted

Network security firm SonicWall has acquired Solutions Granted, a company that provides cybersecurity solutions to MSPs and MSSPs in North America. Solutions Granted offers SIEM, endpoint and network security, email and cloud security, vulnerability management, incident response, and identity-related services. 

Summit 7 acquires CSW Systems

Cybersecurity and compliance firm Summit 7 announced buying CSW Systems, which specializes in security solutions for organizations handling sensitive and classified information. Both companies have been working with the US government and the deal helps Summit 7 expand its services and capabilities.

System One acquires KeyLogic

Outsourced services and workforce solutions provider System One announced the acquisition of consulting and data management firm KeyLogic. KeyLogic, which provides DevSecOps and cybersecurity solutions, among others, will operate independently under GAP Solutions, a System One company, and will enhance government-focused mission management and IT solutions. 

Travelers acquires Corvus

Insurance company Travelers has agreed to acquire Corvus Insurance Holdings for roughly $435 million. Corvus is a cyber insurance managing general underwriter and its proprietary technology will help Travelers boost its cyber capabilities.

Vertu Capital acquires ActiveState

Private equity firm Vertu Capital has acquired ActiveState Software, a Canadian company that helps enterprise software developers securely integrate open source code. 

Washington Harbour Partners acquires SIXGEN 

Private equity firm Washington Harbour Partners has acquired SIXGEN, which provides cyber protection and assessment products to government organizations and critical commercial industries. 


SecurityWeek is tracking deals involving managed security services providers (MSSPs) and distributors separately. Here is a list of deals from November 2023:        

C3 Integrated Solutions merges with Ingalls Information Security

Converged acquires Caleycom

Dataprise acquires PEI 

DynTek and rSolutions acquire Arctiq

IP Pathways acquires Tenax Solutions

IT Solutions Consulting acquires Spade Technology

Jot Digital acquires Keep Secure

Nostra acquires Enclave and Compunet

PureHealth acquires PureCS

Thrive acquires 4IT

VC3 acquires GO Concepts

Yuengling’s Ice Cream acquires ReachOut Technology

Related: Cybersecurity M&A Roundup: 31 Deals Announced in October 2023

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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