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Cybersecurity M&A Roundup for October 1-15, 2022

Cybersecurity M&A Roundup for the first half of October 2022

Nineteen cybersecurity-related merger and acquisition (M&A) deals were announced in the first half of October 2022. An analysis conducted by SecurityWeek showed that more than 230 mergers and acquisitions were announced in the first half of 2022.

11:11 Systems acquires Sungard Availability Services’ Recovery Services business 

Managed infrastructure solutions provider 11:11 Systems has acquired the Recovery Services business of Sungard Availability Services. Earlier this year, 11:11 announced the acquisition of Sungard’s Cloud and Managed Services business. 11:11 said the acquisition of the two Sungard businesses will cement its position as one of the largest cyber resiliency and disaster recovery providers.

Allurity acquires CSIS Security Group

The Sweden-based Allurity cybersecurity group has acquired Danish company CSIS Security Group, which specializes in threat detection and response services. Last month, Allure announced the acquisition of Spanish company Aiuken for its SOC and cloud security platforms. Allurity says its goal is to become a European cybersecurity powerhouse. It previously acquired Arctic Group, ID North and Pulsen Integration IAM.

ASGN acquires Iron Vine Security

IT services and solutions firm ASGN has bought Iron Vine Security, which provides a wide range of cybersecurity services and solutions to government organizations. The deal will help ASGN expand its cybersecurity and zero trust capabilities. 

Corten Capital acquires majority stake in Ekco

UK-based investment firm Corten Capital has acquired a majority stake in Irish cybersecurity and cloud company Ekco. In August, Ekco announced buying Irish IT firm Unity to enhance its cloud services.

Deloitte acquires Hacktive

Deloitte Australia is acquiring Australia-based cybersecurity consultancy Hacktive in an effort to expand its managed security services offering and the capabilities of its Cyber Intelligence Centre.

iC Consult Group acquires Kapstone 

Germany-based iC Consult Group, which provides managed services and consulting focused on identity and access management (IAM), has completed the acquisition of Kapstone Technologies, a company that provides identity and security services. The deal helps it expand its global IAM footprint and managed services capabilities. Earlier this year, iC Consult acquired US-based IAM companies ICSynergy and SecureITsource.

Infinigate merges with Starlink

Infinigate Group is merging with Dubai-based Starlink. Both companies are value-added distributors. Starlink will operate under the Infinigate Group. The merged company will have estimated annual revenues of roughly $2.2 billion.

Intercede acquires Authlogics

Intercede, a company specializing in identity, credential management and secure mobility, has purchased authentication solutions provider Authlogics for $2.8 million (£2.5 million). There might also be a deferred conditional and staged earnout payment of up to $3.35 million. The deal will help Intercede expand its product portfolio to cover the entire range of authentication options, from passwords to PKI.

Pradeo acquires Yagaan

Mobile and application security company Pradeo has entered into exclusive negotiations for the acquisition of application security firm Yagaan. Both companies are based in France. Pradeo said it wanted to expand its offering with application source code testing capabilities.

Qualys acquires Blue Hexagon assets

Qualys has acquired Blue Hexagon’s AI/ML technology, which will help it enhance the capabilities of its Qualys Cloud Platform. Customers will be able to better detect vulnerability exploitation, implement adaptive risk mitigation, and augment detection and response.

Red Sift acquires Hardenize

Red Sift has acquired Hardenize. Both companies are based in the UK and they both specialize in web security. Red Sift said the deal will help it improve its attack surface management capabilities.

SilverEdge acquires QVine

SilverEdge has acquired QVine. The companies provide software, cybersecurity and other solutions to government customers. SilverEdge said QVine enables it to add security orchestration, automation and response (SOAR) software development capabilities to its offering.

Thoma Bravo acquires Forgerock

Private equity firm Thoma Bravo has entered a definitive agreement to acquire identity and access management (IAM) solutions provider ForgeRock for $2.3 billion in cash. ForgeRock will become a privately held company and its stock will no longer be publicly listed.

Vista Equity Partners acquires KnowBe4

Security awareness training company KnowBe4 will go private after being acquired by Vista Equity Partners for roughly $4.6 billion in cash.

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 October 2022:

IT Solutions acquires CHIPS Technology Group

Kocho acquires Mobliciti

Softline acquires Value Point Systems

Syscom acquires Lehigh Valley Technology Company

The 20 MSP acquires Wolfguard IT

Related: Cybersecurity M&A Roundup: 39 Deals Announced in September 2022

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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.