For any successful business, network systems, data, and their storage account for the most valuable digital assets and that is why such assets pose extreme breach threats causing significant business risk. In this digital age, the dependence of business on these increases their potential vulnerability to cyber threats.
In the world where everything is going through digital transformation, every company qualifies as a target of a data breach. Unhealthy cyber hygiene can cost a lot to them and sometimes compromise their integrity to the point of being incurable.
In order to increase the possibilities to develop a risk-free atmosphere, companies are investing enough amount of their funds in cybersecurity mergers and acquisitions. Businesses all across the world are trying to adopt every method to avoid any data breach. The cybersecurity mergers and acquisitions not only benefit them financially but also help them secure their network better.
Therefore, here is a list for you to explore some of the significant cybersecurity mergers and acquisitions of 2019 so far.
Accenture and BCT Solutions
Accenture, a professional services company, acquired Canberra-based cybersecurity consultancy, BCT Solutions. Although, financial terms of the deal were undisclosed, the acquisition will enhance Accenture’s defense, national security and public safety services in the region by acquisition.
HID Global and De La Rue
HID Global, of Irvine, acquires international identity solutions business De La Rue, of Basingstoke, UK. HID Global is a maker of trusted identity solutions. According to the company, the transaction will widespread its position in the government-to-citizen identification market. Also, the financial terms of the deal were not disclosed.
Palo Alto Networks and PureSec
The global cybersecurity leader Palo Alto Networks acquired PureSec which is a company that deals in serverless security, to extend its Prisma cloud security
strategy. The former completed acquisition of Tel Aviv-based firm for $47 million.
IIA Technologies and KeyLogic Systems
IIA Technologies, of Oak Ridge, acquired Morgantown-based KeyLogic Systems, an IT consultancy. The data management and analytics company can provide government clients with more than 600 professionals to solve business problems quicker and with better outcomes. Notably, the financial terms of the deal were not disclosed.
Cisco and Sentryo
Cisco Systems, a multinational technology company, acquires Sentryo, maker of an industrial IoT platform. The San Jose-based company says it intends to merge Sentryo’s technology with Cisco’s intent-based networking technology. Cisco also added that the technology will help infrastructure companies become more resilient in the face of potential cybersecurity attacks.
Elastic and Endgame
The data usability software maker, Elastic acquired Endgame, of Arlington. Endgame is a maker of an endpoint protection platform. The purchase got completed for $234 million. Elastic stated the deal will allow it to enrich data it gathers from endpoints.
Insight Partners and Recorded Future
The New York City-based venture capital and private equity firm Insight Partners acquired Recorded Future, of Somerville, a threat intelligence company, for $780 million. The former is buying the company that generates information to aid customers better understand the external cyber threats they are facing.
Orange Group and SecureLink
The Paris-based Orange Group, a telecommunications company, acquired SecureLink, based in the Netherlands. SecureLink is a cybersecurity services provider and the deal was sealed for €515 million. The telecom company said that the move makes the company a leader in the European cybersecurity industry.
2U and Trilogy Education
2U, of Lanham, an educational software-as-a-service provider, acquired Trilogy Education, of New York City. The trilogy is a workforce accelerator that powers skills-based training in high-demand tech fields. The deal was closed for $750 million — $400 million in cash and $350 million in new 2U stock.
Elbit Systems and Harris Corporation
Elbit Systems, of America, a defense electronics contractor, acquired the night vision business of the Harris Corporation, of Melbourne. The latter is a defense contractor and information technology services, provider. The deal was sealed for $350 million.