CYBERSECURITY MARKET REVIEW | Q3 2021
We are pleased to provide you with Momentum’s Cybersecurity Market Review for Q3 2021. Strategic activity in Q3 included 257 transactions completed totaling $17.6B in deal value across M&A (75 transactions, $12.0B) and Financing (182 transactions, $5.6B).
Each quarter 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.
Highlights Of The Report
- 75 M&A deals were announced with disclosed values of $12.0B (median disclosed value of $118M)
- The acquisitions of Avast by NortonLifeLock for $8.0B, ExpressVPN by Kape Technologies for $936M, Guardicore by Akamai Technologies for $600M, and RiskIQ by Microsoft for $650M highlighted M&A activity for Q3 2021
- The most active sectors for M&A in Q3 2021 included: MSSP (10), SecOps / Threat Intel / Incident Response (10), Security Consulting (9), & Cloud Security (9)
- 182 financing transactions completed with total capital raised of $5.6B (median amount raised of $11M)
- Snyk’s $530M Series F, Cybereason’s $355M Series F, Fireblocks’ $310M Series D, & Netskope’s $300M Series H rounds led all financing activity for Q3 2021
- The most active sectors for financings in the Q3 2021 included: Risk & Compliance (30), Network & Infrastructure Security (25), Data Security (24), & Identity & Access Management (20)
Recent Announcements
- 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.
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
Infocyte Has Been Acquired By Datto
Role: Sell Side Sector: Managed Detection & Response Size: Undisclosed Location: Austin, TX Press Release