Cybersecurity M&A Roundup for Week of Mar. 8, 2021
Several cybersecurity-related acquisitions and mergers were announced in the second week of March 2021.
Fintech holding firm Atlantic-Pacific Processing Systems (APPS) has acquired Conformance Technologies, which specializes in solutions for assessing and monitoring risk and compliance for SMBs. APPS, which provides a wide range of solutions for financial services and banking organizations (including security solutions), says the deal is part of its expansion strategy. Conformance will become a standalone wholly-owned subsidiary of APPS.
UK-based managed cloud and cybersecurity services provider Claranet announced buying Spain-based ID Group, which provides cloud and managed IT infrastructure services in Spain. Claranet said the goal of the acquisition is to consolidate its presence in Spain.
Cloud-based software and technology solutions firm Datto acquired Israel-based BitDam, which provides threat detection and protection solutions for email and collaboration tools. BitDam’s security technology will be added to Datto’s offering, which is purpose-built for MSPs.
Apple enterprise management solutions provider Jamf has acquired the technical assets of IT security firm cmdSecurity. cmdSecurity has developed the macOS security and compliance suite cmdReporter, which Jamf believes will help it further extend the security capabilities of its platform.
Consumer privacy and security firm Kape has acquired Israel-based Webselenese, which provides consumer-focused privacy and security content, including user-generated reviews. Kape will pay nearly $150 million for Webselenese.
Identity security firm SailPoint announced its intent to purchase ERP Maestro, a provider of SaaS governance, risk and compliance solutions. As a result of the deal, SailPoint plans on combining its identity security solutions with ERP Maestro’s Separation-of-Duty (SoD) controls monitoring solution.
Identity security firm Sontiq acquired data breach intelligence company Breach Clarity. Following the acquisition, Breach Clarity’s BreachIQ personalized breach risk intelligence technology will be added to Sontiq’s IdentityForce, Cyberscout, and EZShield products.
Smith Micro is acquiring Avast’s Family Safety Mobile Business, which includes mobile parental controls services, for $66 million. Smith Micro says the new technology will help it further expand its white label digital safety solutions.
Cloud monitoring, log management and SIEM tools provider Sumo Logic is buying security orchestration, automation and response (SOAR) firm DFLabs. The acquisition will allow Sumo Logic to extend its cloud-native SIEM solution.
UK-based cloud, data analytics and managed services provider TiG announced the strategic acquisition of ThirdSpace, a UK-based professional services provider of Microsoft identity and cybersecurity solutions. TiG, which caters to the financial services sector, says the acquisition will enable it to deliver what it described as a “fully comprehensive suite of services based on Microsoft technology.”
Cybersecurity-focused venture capital firm YL Ventures has sold its stake in cybersecurity asset management company Axonius for $270 million to IPO-focused investors ICONIQ Growth, Alkeon Capital, DTCP, and Harmony Partners. Axonius recently announced raising $100 million at a valuation that exceeded 1 billion.