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Cybersecurity M&A Roundup for First Half of June 2024

Roundup of the cybersecurity-related merger and acquisition (M&A) deals announced in the first half of June 2024.

Cybersecurity M&A 2024

Fifteen cybersecurity-related merger and acquisition (M&A) deals were announced in the first half of 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 the first half of 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.

Formstack acquires Open Raven

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

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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. 

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 the first half of June 2024: 

ArcherHall acquires Vestige Digital Investigations

Cloudera acquires Verta

DataGuard acquires DPOrganizer

Incode acquires MetaMap

ITCM acquires Value Logic

Merkle Science acquires Staging Labs

Oakley to acquire co-controlling stake in I-TRACING

Omega Systems acquires Amnet Technology Solutions 

Tech Data acquires Orca Tech

Tyto Athene acquires MindPoint

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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