Cybersecurity Almanac
A Record $119B in Strategic Activity Across Acquisitions, IPOs & Financings; Strategic Buyers’ Domination; and an Emerging Two-Tier Market
Total M&A Deal Value
M&A Transactions
YoY M&A Deal Value Growth
YoY M&A Deal Volume Growth
M&A Deals Completed by PEs
Of M&A Capital Was Deployed By Strategics
Number Of Billion Dollar M&A Deals
Financing Rounds In 2025
Cybersecurity Financing Reached $20.7B, Up 52% From 2024
Record-Breaking
The cybersecurity sector experienced unprecedented deal activity in 2025, with both deal volume and deal value reaching all-time highs. Strategic buyers returned in a big way, deploying capital across identity and access management, cloud security, and data security initiatives. This comprehensive report tracks the complete landscape of cybersecurity mergers and acquisitions throughout the year—providing unmatched insights into deal velocity, buyer activity, transaction values, and emerging trends across all subsectors.
Key Report Takeaways
Mega Deals Reignite Market
- Mega-cap cybersecurity M&A returned in force, with 8 transactions exceeding $1B and 38 deals surpassing $100M, signaling renewed buyer confidence and a re-acceleration of large-scale consolidation.
Strategic Buyers Dominant
- Strategic acquirers account for 92% of disclosed M&A capital deployed, with strategics back at their highest activity level on record. Private equity remains active with 165 deals completed, while platform consolidation accelerates.
SaaS Transactions Surge
- Cybersecurity SaaS M&A transactions reached record highs, with 235 SaaS companies traded representing 97% of total M&A capital deployed. Deal volume grew at a 22% CAGR since 2019, reflecting market consolidation.
Financing Momentum Sustained
- Cybersecurity financing reached $20.7B across 820 deals, up 52% from 2024. AI-driven startups and risk & compliance platforms attracted the strongest venture capital interest in 2025 as investors back scaling opportunities.
Detailed
Cybersecurity M&A Transactions by Sector
- Security Services: 126 deals – The most active sector for M&A. Reflects continued demand for managed services and consulting expertise across enterprises.
- Risk & Compliance: 63 deals – Private sector organizations and strategic buyers prioritizing governance and risk management frameworks.
- Cross-Border Transactions: 40% of M&A activity was cross-border, with Israel remaining a significant source of innovative cybersecurity companies.
- Cloud Security: Highest deal value, led by Google’s Wiz acquisition, reflecting the strategic importance of cloud infrastructure protection.
Financing Activity & Venture Capital Trends
Strategic Buyer and Investor Landscape
2026 Cybersecurity Market Outlook & Predictions
CYBERcloud
About
The Premier Trusted Advisor to the Global Cybersecurity Ecosystem
Momentum Cyber is the leading investment banking and advisory firm exclusively focused on the cybersecurity sector. With unparalleled access to cyber executives, board members, investors, and CISOs, Momentum Cyber serves as the trusted advisor to founders, CEOs, and industry decision-makers navigating mergers and acquisitions, financing, and strategic advisory.
Founded on deep sector expertise and institutional knowledge, Momentum Cyber maintains the industry’s most comprehensive proprietary M&A and financing transaction database—CYBERcloud—which tracks over 5,000 cyber companies and represents millions of data points spanning decades of cybersecurity sector intelligence.
J. Eric McAlpine
Founder & CEO, Managing Partner
“Founders deserve the absolute best in overall investment banking services, industry knowledge, relationships, and senior-level experience. In the complex cybersecurity ecosystem, no other firm offers a higher set of skills, expertise, and mission-critical advice to leading Founders & CEOs and industry decision-makers.”
4,000+
Strategic & Investor Contacts
68+
Cyber Transactions
$25B+
Cybersecurity Deal Value twice.
2,000+
Leading CISOs
Database Leadership
CYBERcloud: Industry-Leading Transaction Database
Market Position
Unrivaled Thought Leadership & Original Research