CYBERSECURITY MARKET REVIEW | Q3 2020
We are pleased to provide you with Momentum’s Cybersecurity Market Review for Q3 2020. Strategic activity in Q3 of 2020 included 201 transactions completed totaling $6.3B in deal value across M&A (29 transactions, $3.7B) and Financing (172 transactions, $2.6B).
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.
M&A Activity
- 29 M&A deals were announced with disclosed values of $3.7B, (median disclosed value of $30.0M)
- The acquisitions of Sectigo by GI Partners for $900M, MobileIron by Ivanti for $859M, Signal Sciences by Fastly for $775M, Pulse Secure by Ivanti for $530M, & GlobalSCAPE by HelpSystems for $218M highlighted M&A activity for Q3 2020
- The most active sectors in Q3 2020 included: Security Consulting (7), Network & Infrastructure Security (4), Risk & Compliance (3), & Messaging Security (3)
Financing Activity
- 172 financing transactions completed with total capital raised of $2.6B (median amount raised of $8M)
- Nxtra Data’s $235M PE Growth / Expansion, Snyk’s $200M Series D, BioCatch’s $168M Series C, & Auth0’s $120M Series F rounds led all financing activity for Q3 2020
- 58% of total financing deals were Early Stage to Series A (median amount raised was $4.0M)
- The most active sectors in Q3 2020 included: Risk & Compliance (33), Network & Infrastructure Security (24), Identity & Access Management (23), & Security Operations & Incident Response (17)
Recent Announcements
- Momentum Cyber Advises Goldman Sachs And ClearSky Security On Their Strategic Investment In White Ops
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals A Record-Smashing Year
- Momentum Cyber Advises JASK on Its Acquisition by Sumo Logic
- Momentum Cyber & Optiv Publish White Paper: 2019 Security Technology Spend Insights Report
- Momentum Cyber To Support NTT’s Global Cybersecurity Strategy & Growth Initiatives
- Momentum Cyber Releases Its Cybersecurity Mid-Year Review for 2019
- Momentum Cyber Advises Interset on Its Acquisition by Micro Focus
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals Another Record Year
- Momentum Cyber 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 Cyber Advises ADT On Its Acquisition Of SDI
- Momentum Cyber Releases Its Cybersecurity Mid-Year Review For 2018
- Momentum Cyber Advises ICEBRG On Its Acquisition By Gigamon
- Momentum Cyber 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 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 – 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