Cybersecurity M&A Roundup for Week of Feb. 8, 2021
Several cybersecurity-related mergers and acquisitions were announced in the second week of February 2021.
Famed “Shark Tank” investor and cybersecurity entrepreneur Robert Herjavec has agreed to sell a majority stake in Herjavec Group, the security firm he founded in 2003, to investment group Apex Partners. Herjavec will remain a significant stakeholder and the firm’s CEO.
Hybrid IT solutions provider Converge Technology Solutions acquired Accudata Systems, which offers IT consulting and integration services, including for infrastructure and security. This marks Converge’s 18th acquisition. The company hopes that the latest deal will help it boost its skills and capabilities, and expand its market presence.
Datadog, a provider of monitoring and security solutions for cloud applications, will acquire SaaS security platform Sqreen, which is designed to protect enterprises against application-level attacks. Datadog aims to extend its cloud security capabilities through the acquisition.
Asian integrated security solutions provider Guardforce AI acquired a majority stake in Logic Network, a consultancy based in Hong Kong that specializes in telecoms, network operations, intelligent retail systems and technology. Guardforce AI recently also acquired Hong Kong-based penetration testing company Handshake Networking.
Landis+Gyr, a Switzerland-based provider of smart metering technology for the energy industry, acquired Rhebo, a Germany-based firm that specializes in industrial security and plant availability. Landis+Gyr, which described the deal as a perfect fit for its cybersecurity strategy, is acquiring “100% of the share capital of Rhebo GmbH for a low double-digit million USD purchase price.”
Data connectivity platform LiveRamp announced buying DataFleets, a company that has developed what it describes as a “privacy-preserving data engine that unifies distributed data for rapid access and privacy-preserving analytics.” LiveRamp has paid $68 million for DataFleets, whose technology will be integrated with LiveRamp solutions over the next months.
Endpoint security firm SentinelOne is acquiring log management startup Scalyr for $155 million. Through this acquisition, SentinelOne wants to be able to “ingest, correlate, search, and action data from any source, delivering the industry’s most advanced integrated XDR platform for realtime threat mitigation across the enterprise and cloud.”
Australian tech incubator Stone and Chalk is merging with AustCyber, the Australian Cyber Security Growth Network. The goal is to create a “secure and innovative future for Australian business by supporting founders of critical and emerging technology companies as they seek capital, customers, talent, expertise, advocacy and community.”
Vulnerability and risk management solutions provider Tenable is buying Alsid, a company specializing in Active Directory security, for $98 million in cash. Tenable will add Alsid technology to its own solutions.
British IT distributor Westcoast has acquired a minority stake in Beyond Encryption, a provider of email and communication security. The deal will help Westcoast enhance its existing product offering and it will support Beyond Encryption’s growth strategy.