Top Cybersecurity Merger and Acquisition Deals Of 2021 - PowerPoint PPT Presentation

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Top Cybersecurity Merger and Acquisition Deals Of 2021

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After grinding to a halt during the Covid-19 pandemic, Cybersecurity mergers and acquisitions (M&A) are again gracing the headlines. In the prevailing economic climate where many companies are falling short of their goals, some companies are actively working to improve their bottom line and competitive positioning through strategic M&A moves. – PowerPoint PPT presentation

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Title: Top Cybersecurity Merger and Acquisition Deals Of 2021


1
Top Cybersecurity Merger and Acquisition Deals Of
2021Merger and Acquisition Deals Of 2021
2
Top Cybersecurity Merger Acquisition Deals Of
2021
  • After grinding to a halt during the Covid-19
    pandemic, Cybersecurity mergers and acquisitions
    (MA) are again gracing the headlines. In the
    prevailing economic climate where many companies
    are falling short of their goals, some companies
    are actively working to improve their bottom line
    and competitive positioning through strategic MA
    moves.

3
Top Cybersecurity Merger Acquisition Deals Of
2021
  • Despite all uncertainties, the MA activity in
    the cybersecurity field is heating up in 2021 as
    firms are becoming more conscious of new privacy
    and security issues that have emerged during the
    COVID-19 crisis. In fact, MA volume has
    witnessed a massive increase during the first six
    months of the year, with significant deals for
    companies operating in the field of cloud
    security, security consulting, and risk and
    compliance. According to Momentum Cyber Report,
    50 cybersecurity merger and acquisition deals
    were announced in Q1 2021 alone with a median
    disclosed value of 235M.

4
The 10 most notable MA transactions of 2021
focused around cybersecurity
01
02
03
04
06
IronNet Merges with LGL Systems Acquisition Corp.
  • TPG Capital Merges Thycotic and Centrify

07
  • Bain Capital, Crosspoint Capital Acquires ExtraHop

Ivanti Acquires RiskSense
Microsoft Acquires CloudKnox Security
  • Newtown Lane Marketing To Acquire Appgate

08
09
Microsoft Acquires RiskIQ
  • STG Acquires McAfee

10
05
Deloitte Acquires aeCyberSolutions
Okta Acquires Auth0
5
01
TPG Capital Merges Thycotic and Centrify
6
TPG Capital Merges Thycotic and Centrify
Private equity firm TPG Capital has merged two of
its recently acquired companies Thycotic and
Centrify in an effort to emerge as a market
leader in the identity security space. Thycotic
is recognized for its cloud-first identity
security solutions, while Centrify is a strong
player in the privileged access management (PAM)
market. The acquisition deal for Thycotic and
Centrify closed at 1.4B and 900M respectively.
The combination of Thycotic and Centrify creates
a leader in one of the most important and
strategic sub-sectors of security software, said
Tim Millikin, a partner at TPG Capital. James
Legg, previously CEO of Thycotic, stated,
Combining these two synergistic platforms allows
us to offer customers an expanded range of
products to address their increasingly complex
security requirements. James will be named
president of the merged firms.
7
02
Bain Capital, Crosspoint Capital Acquires ExtraHop
8
Bain Capital, Crosspoint Capital Acquires ExtraHop
Private equity firms Bain Capital and Crosspoint
Capital first announced the acquisition of
ExtraHop, cloud-native network detection and
response vendor, on June 8, 2021. The deal valued
at 900M finally closed on July 22. In a press
release, Max de Groen, Managing Director at Bain
Capital said, Were thrilled to join the
talented team at ExtraHop, in partnership with
Crosspoint Capital, to help accelerate the growth
of the business and continue advancements in the
art of cyberdefense. The acquisition should help
ExtraHop expand its horizon in the field of
cybersecurity and accelerate its innovations to
help customers defend against new and emerging
cyberattacks.
9
03
Newtown Lane Marketing To Acquire Appgate
10
Newtown Lane Marketing To Acquire Appgate
Secure access vendor Appgate agreed in February
to merge with Newtown Lane Marketing Inc., a
publicly-traded shell company. Under the terms of
the agreement, Appgate will become a public
company with significant financial resources to
accelerate growth, scale, and go-to-market
strategies. Appgates existing private equity
partners BC Partners and Medina Capital will
remain Appgates majority shareholders and
control approximately 74.4 of Newtowns common
stock. The merger will be valued at 1B. Appgate
received 50 million at the signing of the merger
agreement to immediately fuel further growth,
will receive 25 million at closing, and will
receive up to an additional 25 million
post-closing. Appgate is at the forefront of the
cybersecurity industry, and we are delighted it
has decided to merge with Newtown, said Jon
Ledecky, President and controlling shareholder of
Newtown.
11
04
STG Acquires McAfee
12
STG Acquires McAfee
Private equity firm Symphony Technology Group
(STG) agreed to buy McAfees Enterprise business
in March 2021. The deal valued at 4 billion
finally closed on July 27. McAfees Enterprise
business has been integral to ensuring the
protection of the digital assets of the largest
enterprises in the world, with over 85 of the
Fortune 100 firms being customers today, said
William Chisholm, Managing Partner at STG in a
press release. He added, Cybersecurity has never
been so important and were committed to working
with this team to create powerful solutions that
give organizations better control of their
security. McAfees enterprise business will be
rebranded in the coming months while its consumer
business will continue to be publicly traded
under the McAfee name.
13
05
Okta Acquires Auth0
14
Okta Acquires Auth0
Octa in May announced the successful completion
of its 6.5B Auth0 acquisition deal. Both Octa
and Auth0 are big players in the identity and
access management (IAM) sphere. Under the terms
of the agreement, Auth0 will operate as an
independent business unit inside of Okta, and
both platforms will be supported, invested in,
and integrated over time to accelerate
innovation. The deal should give organizations
greater choice in selecting the best identity
tool for the unique needs of their customers.
Combining Auth0s developer-centric identity
solution with the Okta Identity Cloud will drive
tremendous value for both current and future
customers, said Todd McKinnon, Chief Executive
Officer and co-founder, Okta.
15
06
IronNet Merges with LGL Systems Acquisition Corp.
16
IronNet Merges with LGL Systems Acquisition Corp.
IronNet Cybersecurity, Network Detection and
Response (NDR) vendor, announced the completion
of its 1.2B merger with LGL Systems Acquisition
Corp in August. The merger allows IronNet to go
public and listed on the New York Stock Exchange.
The deal will also help the company capitalize on
the growing demand for innovative solutions to
defend against increasing online vulnerabilities
and fuel its revenue growth. In a press release,
Robert LaPenta, Co-CEO of LGL Systems Acquisition
Corp. stated, Current methods of cyber
information sharing, analysis, and collective
action are simply too manual and too slow to be
effective. We believe this merger will make a
real difference in helping IronNet protect our
fellow citizens from accelerating aggression by
an invisible enemy intent on hurting our
well-being.
17
07
Ivanti Acquires RiskSense
18
Ivanti Acquires RiskSense
On August 2, 2021, Ivanti, IT Software company,
announced it has acquired RiskSense, risk-based
vulnerability management and prioritization firm,
to strengthen its patch management capabilities.
Ivanti has been a leader in patch management for
many years, but the acquisition of RiskSense will
take our capabilities to an even higher level,
said Jim Schaper, Ivanti Chairman and CEO. This
combination will allow us to provide our
customers with a holistic view of vulnerabilities
and exposures, and then enable them to take fast
action through Ivanti Neurons for Patch
Intelligence. Acquisition terms were not
disclosed.
19
08
Microsoft Acquires CloudKnox Security
20
Microsoft Acquires CloudKnox Security
On 21 July 2021, Microsoft acquired CloudKnox
Security, a startup that helps organizations
ensure that employees and virtual identities
dont have too much access to cloud
infrastructure. While the terms of the
acquisition werent released, the deal appears to
be Microsofts strategic move to expand its
security business, and enhance the security of
its Windows products. Regarding the acquisition,
Joy Chik, corporate VP of Microsoft Identity,
said, The deal further enables Microsoft Azure
Active Directory customers with granular
visibility, continuous monitoring and automated
remediation for hybrid and multi-cloud
permissions. This is Microsofts second
acquisition this year after RiskIQ.
21
09
Microsoft Acquires RiskIQ
22
Microsoft Acquires RiskIQ
In a strategic move to embrace the concept of
Zero Trust, Microsoft acquired cybersecurity firm
RiskIQ for 500M on 12 July, 2021. RiskIQ
provides cloud-based SaaS software to
organizations to detect and remediate cyber
threats before they become full-blown security
breaches. Thus, it has emerged as a leader in
global threat intelligence and attack surface
management. The vision and mission of RiskIQ is
to provide unmatched internet visibility and
insights to better protect and inform our
customers and partners security programs. Were
thrilled to add RiskIQs Attack Surface and
Threat Intelligence solutions to the Microsoft
Security portfolio, extending and accelerating
our impact. Our combined capabilities will enable
best-in-class protection, investigations, and
response against todays threats, said Elias
Manousos, RiskIQ Cofounder and CEO.
23
10
Deloitte Acquires aeCyberSolutions
24
Deloitte Acquires aeCyberSolutions
Deloitte Risk Financial Advisory in August
confirmed the acquisition of industrial
cybersecurity firm aeCyberSolutions for an
unrevealed amount. The deal is expected to
strengthen Deloittes existing cybersecurity
capabilities by leveraging aeCyberSolutionss
reliable frameworks, methodologies, and
technology-enabled tools for the industrial
sector. We are committed to growing aggressively
in cybersecurity. Theres only a limited number
of people with the right cybertools and
understanding. This is a way for us to move in
an aggressive fashion. And all these teams bring
us senior-level experience, said Wendy Frank,
Deloitte Risk Financial Advisory Cyber 5G and
IoT leader and principal of Deloitte
Touche. 2020 has been a tough year for every
industry, but these MA deals of 2021 clearly
show that the technology sector will witness a
strong economic recovery in the coming months
with the increased need for cybersecurity. The
growing demand for new and efficient solutions in
the cybersecurity space is an opportunity for
both acquirers and sellers to execute MA
transactions and maximize the value of their
business.
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