We are pleased to provide you with Momentum’s Cybersecurity Market Review for Q3 2022. Strategic Activity in Q3 included 246 transactions totaling $12.0B in deal value across M&A (57 transactions, $8.9B) and Financing (189 transactions, $3.1B).

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 quarter’s report features a foreword in collaboration with SYN Ventures discussing the new model for investing in Cybersecurity companies. The foreword focuses on how investors are funding the Cyber revolution and features a strategic map of investors across the ever-evolving Cybersecurity ecosystem.

Highlights include:

  • 57 M&A deals were announced with disclosed values of $8.9B (median disclosed value of $202M)
  • The acquisitions of Micro Focus by OpenText for $5.7B and Ping Identity by Thoma Bravo for $2.8B highlighted M&A activity for Q3 2022
  • The most active sectors for M&A in Q3 2022 included: Security Consulting & Services (11), MSSP (8), Identity & Access Management (8), and Risk & Compliance (8)
  • 189 financing transactions were completed with total capital raised of $3.1B (median amount raised of $7.3M)
  • Coalition’s $250M Series F, Acronis’ $250M PE Growth Round, and Talon’s $100M Series A rounds led all financing activity for Q3 2022
  • The most active sectors for financings in Q3 2022 included: Risk & Compliance (29), Data Security (24), and Identity & Access Management (17)

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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.