CYBERSECURITY MARKET REVIEW | 1H 2022
We are pleased to provide you with Momentum’s Cybersecurity Market Review for 1H 2022. Strategic activity in the first half of the year included 679 transactions completed totaling $115.1B in deal value across M&A (148 transactions, $102.6B) and Financing (531 transactions, $12.5B).
Each month we provide you with an update on the dynamic Cybersecurity landscape. We highlight M&A activity, Venture Capital, Initial Public Offerings, public market valuations, sector trends and unique industry perspectives.
This mid year review features a special contribution by Lytical Ventures, as well as investor spotlights for cybersecurity focused VCs, including Accel, Insight Partners, Sequoia, SYN Ventures, and Tiger Global.
Highlights include:
- 148 M&A deals announced with disclosed values of $102.6B (median disclosed value of $64M)
- The acquisitions of VMware by Broadcom for $69.2B, SailPoint by Thoma Bravo for $6.9B, Datto by Kaseya for $6.2B, and Mandiant by Google for $5.3B highlighted M&A activity for the first half of 2022
- The most active sectors for M&A in the first half of 2022 included MSSP (26), Identity & Access Management (23), and Risk & Compliance (20)
- 531 financing transactions completed with total capital raised of $12.5B (median amount raised of $8.0M)
- Securonix’s $1.0B PE Growth raise, 1Password’s $620M Series C, Fireblocks’ $550M Series E, and Sonar’s $412M PE Growth raise led all financing activity for the first half of 2022
- 78% of total financing deal volume was Series B and above
- The most active sectors for financings in the first half of 2022 included: Risk & Compliance (105), Data Security (85), and Identity & Access Management (54)
Recent Announcements
- Momentum Cyber Advises Apptega On Its Strategic Investment By Mainsail Partners
- Momentum Cyber Advises Infocyte On Its Acquisition By Datto
- Momentum Cyber Advises Fishtech Group On Its Merger With Herjavec Group
- Momentum Cyber Advises SecBI On Its Acquisition By LogPoint
- Momentum Cyber Advises RiskSense On Its Acquisition By Ivanti
- Momentum Cyber Advises Herjavec Group On Its Majority Acquisition By Apax Partners
- Momentum Cyber Advises Alcide On Its Acquisition By Rapid7
- Momentum Cyber Advises MistNet On Its Acquisition By LogRhythm
- Momentum Cyber Advises iboss On Its $145M Growth Financing Led By NightDragon & Francisco Partners
- Momentum Cyber Advises Goldman Sachs, ClearSky, and NightDragon On Their Acquisition of White Ops Cybersecurity
- Momentum Cyber Advises Goldman Sachs And ClearSky Security On Their Strategic Investment In White Ops
- Momentum Cyber Advises JASK on Its Acquisition by Sumo Logic
- Momentum Cyber to Support NTT’s Global Cybersecurity Strategy & Growth Initiatives
- Momentum Cyber Advises Interset on Its Acquisition by Micro Focus
- Momentum Cyber Served as Exclusive Financial and Strategic Advisor to RedLock
- Momentum Cyber Advises ADT and NightDragon on Their Strategic Investment in SAM Seamless Network
- Momentum Cyber Advises ADT on Its Acquisition of SDI
- Momentum Cyber Advises ICEBRG on Its Acquisition by Gigamon
- Momentum Cyber Advises Bradford Networks on Its Acquisition by Fortinet
- Momentum Cyber Advises Weblife on Its $60 Million Acquisition by Proofpoint
- Momentum Cyber Advises DATASHIELD on Its Acquisition by ADT
- Momentum Cyber Advises Cyphort on Its Acquisition by Juniper Networks
Momentum Cyber is the premier trusted advisor to the Cybersecurity industry providing bespoke high-impact advice combined with tailored, senior-level access. The firm was founded by world-class operators and advisors and caters to the unique needs of both earlier stage Founders, CEOs, & Boards as well as the complexity of later stage & public companies throughout their lifecycle. Headquartered in San Francisco with operations globally, the founding team has closed over 250 transactions totaling over $250 billion in value.
