Seventeen cybersecurity-related merger and acquisition (M&A) deals were announced in the first half of May 2023.
An analysis conducted by SecurityWeek shows that more than 450 cybersecurity-related mergers and acquisitions were announced in 2022.
Boecore acquires La Jolla Logic
Tech solutions provider Boecore has acquired La Jolla Logic. Both companies provide services to various departments of the US government. Boecore said the deal strengthens its cyber and software development capabilities.
CACI has announced buying Bitweave. Both companies are based in the UK and they both offer technology services, including cybersecurity, to government organizations.
Crosspoint Capital Partners acquires Absolute Software
Endpoint security and secure access solutions provider Absolute Software is set to go private following an acquisition by Crosspoint Capital Partners for approximately $870 million.
Databricks, a company that has developed a platform for unifying data warehousing and AI, is set to acquire AI-centric data governance platform Okera. Databricks said it acquired Okera for its ability to automatically discover and classify sensitive data and for its new isolation technology.
GeoComply, which provides fraud prevention and cybersecurity solutions, is expanding its offering with the acquisition of OneComply, a compliance and licensing management platform designed for companies in regulated markets. Both firms are based in Canada.
ICR acquires Lumina Communications
Strategic communications and advisory firm ICR has acquired Lumina Communications, a B2B technology-focused PR firm specializing in cybersecurity, enterprise software and IT infrastructure.
Integrity360 acquires Netsecure
Ireland-based Integrity360 has acquired Sweden-based Netsecure in an effort to expand into Europe’s Nordic region. The companies provide managed cybersecurity services, as well as penetration testing, consulting, and risk management.
Millennium Corporation acquires Maxisiq’s Business Division
Millennium Corporation has bought Maxisiq’s Ingressive business division, which provides cybersecurity support to US government organizations. The deal expands Millennium’s cyber portfolio.
Mozilla has acquired Fakespot, a firm that specializes in analyzing and identifying fake reviews and counterfeits using AI. Fakespot will continue to work on all major browsers, but Mozilla said it will invest in the project to enhance it.
Noventiq merges with Corner Growth
Digital transformation and cybersecurity provider Noventiq is merging with Corner Growth Acquisition Corp, a special purpose acquisition company (SPAC), with the combined company expected to be listed on Nasdaq as NVIQ. The transaction values Noventiq at a pro-forma enterprise value and pro-forma equity market cap of $800 million and $1 billion, respectively.
Health-focused smart ring company Ōura has acquired Proxy, best known for its digital identity signal platform, in an all-equity deal that reportedly values Proxy at $165 million. Proxy’s technology, stored on mobile devices, replaces keys, cards, badges, apps, and passwords and is designed to enhance data privacy.
MSSP
SecurityWeek is tracking deals involving managed security services providers (MSSPs) and distributors separately. Here is a list of deals from the first half of May 2023:
Applied Connective acquires Connecting Point
ePlus acquires CCI Systems’ Network Solutions Group
IT Solutions acquires Acropolis Technology Group
Nostra acquires Definitive Solutions
Related: Cybersecurity M&A Roundup: 38 Deals Announced in April 2023
Eduard Kovacs (@EduardKovacs) is a contributing 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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