CYBERSECURITY SNAPSHOT | APRIL 2019
We are pleased to provide you with Momentum’s Cybersecurity Snapshot for April 2019. Strategic activity in April included 42 transactions completed totaling $1.7B in deal value across M&A (10 transactions, $1.03B) and financing (32 transactions, $627M).
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:
M&A Activity
- 10 M&A deals were announced with disclosed values of $1.0B (median disclosed deal value of $100M)
- 90% of transactions completed were acquisitions of privately held companies; One deal was an acquisition of a public traded company which is rare for the Cybersecurity industry
- The acquisitions of KeyW by Jacobs Engineering for $915M & RedSeal by Symphony Technology Group for $100M led M&A activity for April
- The most active sectors this month were: Identity & Access Management (4) and Security Consulting (2)
Financing Activity
- 32 financing transactions completed with total capital raised of $627M (median amount raised of $14M)
- Bitglass’ $70M Series D, Expanse’s $70M Series C, OnFido’s $65M Later Stage VC, & Armis’ $65M Series C rounds led all financing activity for April
- 50% of total financing deals were Early Stage to Series A; Median amount raised was $3M
- The most active sectors this month included: Identity & Access Management (7), Data Security (4), MSSP (4), and Application Security (4)
Recent Momentum Cyber Announcements
- Momentum Advises Interset on Its Acquisition by Micro Focus
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals Another Record Year
- 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