CYBERSECURITY SNAPSHOT |APRIL 2023
We are pleased to provide you with Momentum’s Cybersecurity Snapshot for April 2023. Strategic activity for April included 73 transactions totaling $2.2B in disclosed deal values across M&A (24 transactions, $1.6B) and financing (49 transactions, $624M).
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.
Highlights include:
- 24 M&A deals were announced with disclosed values of $1.6B from 4 disclosed deals
- The acquisitions of Archer Technologies by Cinven, Lookout’s consumer mobile business by F-Secure, and Yubico’s reverse merger with ACQ Bure led M&A activity in April
- The most active sectors for M&A this month were: Security Consulting (5), SecOps / IR / Threat Intel (4), and Identity & Access Management (3)
- 49 financing transactions completed with total capital raised of $624M (median amount raised of $5.1M)
- ID.me’s $132M Series D, Cybereason’s $100M Later Stage VC Round, Coro’s $75M Series C1, and Halcyon’s $50M Series A led all financing activity in April
- The most active sectors for financings this month included: Risk & Compliance (10), Identity & Access Management (5), and SecOps / IR / Threat Intelligence (5)
Recent Announcements
- Momentum Cyber Advises Onspring On Its Growth Financing From Capital IP
- Momentum Cyber Advises Reciprocity On Its $60M Growth Financing From Francisco Partners
- Momentum Cyber Advises Apptega On Its Strategic Investment By Mainsail Partners
- Momentum Cyber Advises Infocyte On Its Acquisition By Datto
- Momentum Cyber Advises Fishtech Group On Its Merger With Herjavec Group
- 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.
