Nearly a dozen cybersecurity-related mergers and acquisitions were announced during the week of May 10, 2021.
Endpoint security and data risk management company Absolute Software announced an agreement to acquire NetMotion, a company that specializes in secure access solutions, for $340 million in cash. The acquisition will help Absolute expand its product offering and sales channels.
Consulting giant Accenture announced buying Linkbynet, a France-based cloud services provider that offers cloud optimization, transformation and security services. Accenture says the deal will help it enhance the capabilities of its Cloud First solutions.
Quantum encryption technology firm Arqit Limited is merging with Centricus Acquisition Corp., a publicly-traded special purpose acquisition company. Arqit has developed encryption technology that should secure communications against any type of attack, including attacks that involve a quantum computer. As a result of the transaction, Arqit will become a publicly listed company.
Networking giant Cisco is purchasing Kenna Security, a cybersecurity company focused on vulnerability management technology. Cisco said Kenna’s technology, which integrates with all major vulnerability assessment platforms, will be integrated into its SecureX platform.
Ireland-based mobile and cloud security firm CWSI is acquiring AVR International, a UK-based provider of cyber and cloud security services, in a deal that values AVR at up to €5.2 million ($6.3 million). CWSI said the acquisition will help accelerate its UK growth.
Cybersecurity and automation solutions provider HelpSystems announced two acquisitions in May: email security company Agari and vulnerability assessment and compliance solutions firm Beyond Security. The goal is to enhance HelpSystems’ data security and infrastructure protection portfolios.
Extended detection and response (XDR) provider Fidelis Cybersecurity announced the acquisition of cloud security and compliance company CloudPassage in an effort to enhance its active XDR platform.
Jamf, a provider of enterprise management solutions for Apple devices, has acquired Wandera, which specializes in zero trust cloud security and access for mobile devices, for $400 million in cash. Jamf said the acquisition will help it extend its mobile security and access capabilities.
UK-based cybersecurity firm NCC Group is acquiring the intellectual property management (IPM) business of US-based storage and information management services firm Iron Mountain for $220 million. Iron Mountain said it decided to sell its IPM business to “focus on its core strengths.”
Cybersecurity solutions provider secunet Security Networks is acquiring stashcat, an enterprise communications application that includes file storage and video conferencing functionality. Both companies are based in Germany. Secunet said the acquisition enables it to expand its offering.