CYBERSECURITY SNAPSHOT | MAY 2020
We are pleased to provide you with Momentum’s Cybersecurity Snapshot for May 2020. Strategic activity in May included 47 transactions completed totaling $651M in deal value across M&A (15 transactions, $154M) and Financing (32 transactions, $497M).
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.
M&A Activity
- 14 M&A deals were announced with disclosed values of $106M, (median disclosed value of $31M)
- The acquisitions of Idaptive by Cyberark for $70M, Edgewise by Zscaler for $31M, & Octarine by VMware highlighted M&A activity for May
- The most active sectors this month were: Risk & Compliance (3), Cloud Security (3), Identity Access & Management (3), & MSSP (2)
Financing Activity
- 33 financing transactions completed with total capital raised of $567M (median amount raised of $8M)
- Coalitions’s $90M Series C, Bettercloud’s $75M Later Stage VC, Cyberbit’s $70M PE Growth, Synack’s $52M Series D, & Expel’s $50M Series D rounds led all financing activity for May
- 45% of total financing deals were Early Stage to Series A (median amount raised was $7.5M)
- The most active sectors this month included: Data Security (6), Risk & Compliance (6), SecOps / IR / Incident Response (3), & Fraud & Transaction Security (3)
Recent Announcements
- Momentum Cyber Advises Goldman Sachs And ClearSky Security On Their Strategic Investment In White Ops
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals A Record-Smashing Year
- Momentum Cyber Advises JASK on Its Acquisition by Sumo Logic
- Momentum Cyber & Optiv Publish White Paper: 2019 Security Technology Spend Insights Report
- Momentum Cyber To Support NTT’s Global Cybersecurity Strategy & Growth Initiatives
- Momentum Cyber Releases Its Cybersecurity Mid-Year Review for 2019
- Momentum Cyber Advises Interset on Its Acquisition by Micro Focus
- Momentum Cyber’s Annual Cybersecurity Almanac Reveals Another Record Year
- Momentum Cyber 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 Cyber Advises ADT On Its Acquisition Of SDI
- Momentum Cyber Releases Its Cybersecurity Mid-Year Review For 2018
- Momentum Cyber Advises ICEBRG On Its Acquisition By Gigamon
- Momentum Cyber 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 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 – 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