CYBERSECURITY MARKET REVIEW | Q1 2019
We are pleased to provide you with Momentum’s Cybersecurity Market Review for Q1 2019. Strategic activity accelerated in Q1 with 147 transactions completed totaling $5.3B in deal value across M&A (42 transactions, $3.3B) and financing (105 transactions, $2.0B).
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, and sector trends.
Inside you will find a series of insights across the Cybersecurity industry including:
Public Market Valuations
- Q1 2019 has continued the positive momentum from December 2018, as public security stocks have increased by 19% over the past 3 months
- There were no Cybersecurity IPO’s in Q1 2019, but Crowdstrike, Palantir, Tufin, and Ping Identity are expected to go public in 2019
M&A Activity
- 42 M&A transactions in Q1 2019 represented a 28% decrease from Q1 2018
- Volume ($3.3B) grew significantly, representing a 32% increase over Q1 2018
- The most active sectors in Q1 2019 were: MSSP (5), Application Security (4), Network & Infrastructure Security (4), & Security Consulting (4)
Financing Activity
- Total financing activity (105 transactions) is on par with Q1 2018 but volume ($2.0B) has doubled
- More than 75% of Q1 2019 financing volume was from later stage financings (Series B & above)
- The most active sectors in Q1 2019 were: Risk & Compliance (14), Network & Infrastructure Security (13), & Identity & Access Management (9)
Recent Momentum Cyber Announcements
- Momentum Advises Interset on Its Acquisition by Micro Focus
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals Another Record
- Momentum Advises ADT And NightDragon On Their Strategic Investment In SAM Seamless Network
- Momentum Cyber & Optiv Publish White Paper ‘E’ Is For Efficiency: Five Trends To Relieve The Cybersecurity Skills Shortage
- Momentum Advises ADT On Its Acquisition Of SDI
- Momentum Cyber Releases Its Cybersecurity Mid-Year Review For 2018
- Momentum Advises ICEBRG On Its Acquisition By Gigamon
- Momentum Advises Bradford Networks On Its Acquisition By Fortinet
- Momentum Cyber Releases Inaugural Cybersecurity Almanac For 2018
- Momentum Cyber Launches As Industry’s Premier Cybersecurity Advisory Firm
- Momentum Advises Weblife On Its $60 Million Acquisition By Proofpoint
- Momentum Advises DATASHIELD On Its Acquisition By ADT
- Momentum 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 – Incubation to Exit. Headquartered in San Francisco with operations globally, the founding team has closed over 250 transactions totaling over $250 billion in value.
Recent Momentum Cyber Transactions
Francisco Partners Have Invested In Reciprocity
Role: Sell Side Sector: Risk & Compliance Size: $60,000,000 Location: San Francisco, CA Press Release
Mainsail Partners Have Invested In Apptega
Role: Sell Side Sector: Governance, Risk & Compliance Size: $37,000,000 Location: Atlanta, GA Press Release