Cybersecurity M&A Roundup: 40 Deals Announced in March 2021


Cybersecurity mergers and acquisitions for March 2021

Tens of cybersecurity-related mergers and acquisitions were announced in March 2021, including by KnowBe4, Fortinet, IronNet, Lookout, Recorded Future and VMware.

March 22-31

Alacrinet Consulting Services acquires Chamber’s Key

Palo Alto-based IT security consulting firm Alacrinet Consulting Services acquired security research company Chamber’s Key to expand its cybersecurity portfolio.

Bluff Point Associates acquires True North Networks

Private equity firm Bluff Point Associates acquired managed security services provider (MSSP) True North Networks. Bluff Point added True North to its portfolio of financial services-focused tech companies amid increasing demand by registered investment advisors (RIAs) for security and privacy solutions.

Hornetsecurity acquires Zerospam

Cloud email security company Hornetsecurity announced buying Zerospam, a Canada-based company that provides cloud email protection solutions to SMBs in North America. Hornetsecurity said the acquisition is a strategic step to expand its reach in the region.

Kroll acquires Redscan

Governance, risk and transparency solutions provider Kroll acquired Redscan, a cybersecurity company based in the UK, for its security operations center (SOC) and extended detection and response (XDR) technology.

Plurilock Security acquires Aurora Systems Consulting

Enterprise authentication technologies provider Plurilock Security is set to acquire all of the issued and outstanding securities of Aurora Systems Consulting, a California-based cybersecurity company that provides products and services to private and government organizations. The deal is part of Plurilock’s growth strategy and its primary goal is to boost sales.

RingCentral acquires Kindite

Enterprise communications and contact center solutions provider RingCentral acquired Kindite, a developer of cryptographic technologies designed to reduce security and privacy risks to information and applications in the cloud. RingCentral said the newly acquired technology will be incorporated into its communications platform in an effort to provide enhanced security capabilities.

VENZA acquires CyberTek

Data protection, compliance, and training solutions provider VENZA acquired CyberTek Engineering, an MSP that offers a wide range of IT services and solutions for businesses. VENZA said the acquisition complements its existing security solutions and increases its technical talent.

Wipro acquires Ampion

India-based IT consulting giant Wipro acquired Ampion, an Australian company that provides cyber security, DevOps and quality engineering services.

 March 15-21

Acronis acquires Synapsys

Data protection and cybersecurity solutions provider Acronis acquired Synapsys, a South Africa-based distributor of Acronis products in Africa. Synapsys will be integrated into Acronis and it will be responsible for all sales of the company’s cyber protection solutions in Africa.

CFC acquires Insane Technologies

UK-based insurance company CFC announced buying Australian cybersecurity and incident response firm Insane Technologies in an effort to extend its in-house incident response team.

Copado acquires New Context

DevOps platform provider Copado is acquiring New Context, a company that provides multi-cloud DevSecOps services to large enterprise, infrastructure and government cloud customers. According to Copado, the deal will help it expand its DevSecOps platform.

Fortinet acquires ShieldX

Enterprise security solutions provider Fortinet has acquired ShieldX, a company that specializes in cloud and network security. The acquisition was completed this month, but it was not publicly announced by Fortinet.

IronNet Cybersecurity merges with LGL Systems Acquisition

IronNet Cybersecurity is merging with LGL Systems Acquisition, which will help the cybersecurity company accelerate growth. Following the acquisition, IronNet will be listed on the New York Stock Exchange under the symbol IRNT. The pro forma enterprise value of the combined firm is expected to be $927 million.

Lookout acquires CipherCloud

Mobile security company Lookout acquired CipherCloud, a firm that specializes in Secure Access Service Edge (SASE). The goal is to create a platform that provides end-to-end security — from endpoints to the cloud — by combining CipherCloud’s SASE technology with Lookout’s Mobile Endpoint Security product.

Meriplex acquires HBR Technologies

Managed cybersecurity, IT, and SD-WAN solutions provider Meriplex is buying Texas-based managed services provider HBR Technologies. Meriplex said the deal allows it to “have a greater outreach and expansion into the Dallas-Fort Worth Metropolitan market while also increasing their technical and sales workforce to support and onboard more clients.”

Pindrop acquires Next Caller

Enterprise-grade call verification and fraud detection firm Next Caller was acquired by Pindrop Solutions, which provides identity, security and trust solutions for voice interactions. The two companies will provide security offerings for call center operators. Next Caller will operate as a wholly-owned subsidiary of Pindrop.

QOMPLX acquires Hyperion Gray

Cloud-native risk analytics company QOMPLX completed the acquisition of cyber intelligence firm Hyperion Gray. QOMPLX says Hyperion Gray’s cybersecurity and OSINT expertise complements and strengthens its risk analytics, penetration testing, and other cybersecurity offerings.

Recorded Future acquires Gemini Advisory

Threat intelligence company Recorded Future acquired fraud analytics startup Gemini Advisory in a $52 million deal. Recorded Future believes the acquisition will help it expand into the financial services and payment processing markets. Gemini Advisory will operate as an independent business unit inside of Recorded Future.

Sonatype acquires MuseDev

Software supply chain management solutions provider Sonatype bought code analysis platform MuseDev, which automatically analyzes each developer pull request in search of security, performance and reliability bugs.

Tesserent acquires Secure Logic’s managed services business

Australian cybersecurity and networking solutions provider Tesserent acquired the managed security services business of Australia-based Secure Logic for roughly A$22 million (USD17 million) in cash and stock. Tesserent said Secure Logic services are a strategic addition that will help its government division.

Trust Stamp acquires PixelPin 

Identity services provider Trust Stamp announced the acquisition of PixelPin, a company that provides an image-based account access solution. Trust Stamp said the acquisition will further enhance its portfolio of solutions.

VMware acquires Mesh7

Virtualization giant VMware acquired cloud-native API security company Mesh7 in an effort to help customers make their applications more secure. VMware said Mesh7 technology will enable it to bring visibility, discovery, and better security to APIs. 

March 8-14

APPS acquires Conformance Technologies

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.

Claranet acquires ID Grup

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.

Datto acquires BitDam

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.

Jamf acquires technical assets of cmdSecurity

Apple enterprise management solutions provider Jamf has acquired the technical assets of IT security firm cmdSecurity. This includes the macOS security and compliance suite cmdReporter, which Jamf believes will help it further extend the security capabilities of its platform.

Kape Technologies acquires Webselenese

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.

SailPoint acquires ERP Maestro

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.

Sontiq acquires Breach Clarity

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 Software acquires Avast’s Family Safety Mobile Business

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.

Sumo Logic acquires DFLabs

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.

TiG acquires ThirdSpace

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.”

YL Ventures sells stake in Axonius

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.

March 1-7

Criterion Systems acquires Realm Consulting

Criterion Systems, which describes itself as a systems integrator and cyber operations-focused company, acquired Realm Consulting, a contractor for the intelligence sector that specializes in software development, cybersecurity, and systems and network engineering. As a result of the acquisition, Criterion is launching a new Intelligence Solutions business unit.

IDnow acquires identity Trust Management

Identity verification-as-a-service solutions provider IDnow announced buying identity Trust Management, a Germany-based firm that offers digital and offline identification solutions. IDnow said the combined identity verification portfolio will be one of the broadest in Europe.

KnowBe4 acquires MediaPRO

Cybersecurity awareness company KnowBe4 announced purchasing MediaPRO, which provides security and privacy training solutions. KnowBe4 said its customers will be offered more privacy and compliance training modules following the acquisition.

Okta acquires Auth0

Identity and access management firm Okta announced plans to buy rival Auth0 in a $6.5 billion deal. Auth0 will operate as an independent business unit within Okta, but over time it will become an integrated offering.

QOMPLX merges with Tailwind Acquisition and acquires Tyche and Sentar

Cloud-native risk analytics company QOMPLX is merging with Tailwind Acquisition, a special purpose acquisition company. As a result of the deal, which values the risk analytics firm at $1.4 billion (post-transaction), QOMPLX will become a public company (QPLX). QOMPLX is also acquiring Sentar, a provider of cyber intelligence, analytics and operations solutions for the national security sector, as well as Tyche, which specializes in financial modelling and insurance.

Relay Medical Corp acquires Cybeats Technologies

Healthcare technology company Relay Medical Corp is acquiring IoT cybersecurity firm Cybeats Technologies for $7.18 million. Relay hopes that Cybeats technology will help it provide more secure devices. Cybeats will become a wholly owned subsidiary of Relay.

Thycotic merges with Centrify

Private equity company TPG Capital has acquired identity security solutions provider Thycotic from Insight Partners and will merge it with privileged access management company Centrify, which it previously acquired from Thoma Bravo. The goal is to create “one of the most effective SaaS platforms in the identity security market.”

Related: Root9B, Fidem in Cybersecurity M&A Round-Up for January 2021

Related: Cybersecurity M&A Round-Up for February 2021

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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.

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