Cybersecurity M&A Roundup for April 12-18, 2021
Several cybersecurity-related acquisitions and mergers were announced in the week of April 12-18, 2021.
Enterprise password management firm 1Password completed the acquisition of SecretHub, a company that specializes in secrets management solutions. Through its acquisition of SecretHub, 1Password aims to provide solutions designed to help enterprises secure not only human passwords, but also infrastructure and machine-to-machine secrets.
Managed services provider AdEPT announced buying Datrix, a company that provides networking, communications, and cybersecurity solutions. Both companies are based in the UK and AdEPT paid £9.0 million ($12.5 million) in cash for Datrix. The deal is part of AdEPT’s plan to grow and provide enhanced capabilities to customers.
Privacy, security and governance solutions provider OneTrust completed the recently announced acquisition of Convercent, a company that specializes in ethics and compliance software. The goal is to enhance OneTrust’s platform with ethics and compliance technology developed by Convercent.
PKI-as-a-service and crypto-agility solutions provider Keyfactor is merging with PKI and signing solutions provider PrimeKey under the Keyfactor brand. The goal is to create a machine identity management platform that provides “flexible and highly scalable certificate issuance and automated deployment of machine identities across complex enterprise and emerging IoT and OT use cases.” The companies also announced raising $125 million in a growth round.
Private equity company TPG Capital has completed the merger of identity security solutions provider Thycotic with privileged access management company Centrify. The goal is to create a major cloud identity security vendor. The new company will operate under the temporary name ThycoticCentrify, with a new brand expected to be announced in the second half of 2021.
Insurance technology firm Zywave announced the purchase of Enquiron, a provider of risk management and consultative business solutions. Zywave said Equiron’s solutions will complement its existing products.