CYBERSECURITY SNAPSHOT | FEBRUARY 2019
We are pleased to provide you with Momentum’s Cybersecurity Snapshot for February 2019. Strategic activity in February included 53 transactions completed totaling $2.6B in deal value across M&A (16 transactions, $1.9B) and financing (37 transactions, $673M).
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
- 16 M&A deals were announced with disclosed values of $1.9B (average disclosed deal value of $318M)
- The acquisitions of Webroot by Carbonite for $619M, Demisto by Palo Alto Networks for $560M, and IDology by GB Group for $300M led all M&A activity for February
- The most active sectors this month were: SecOps / IR / Threat Intel (3), Identity & Access Management (2), & Risk & Compliance (2)
Financing Activity
- 37 financing transactions completed with total capital raised of $673M (median amount raised of $15M)
- Contrast Security’s $65M Series D, Illumio’s $65M Series E, & vArmour’s $44M Series E rounds led all financing activity for February
- 57% of total financing deals were Early Stage to Series A; Median amount raised was $8M
- The most active sectors this month included: Application Security (8), Network & Infrastructure Security (6), & Fraud & Transaction Security (4)
Recent Momentum Cyber Announcements
- Momentum Advises Interset on Its Acquisition by Micro Focus
- 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