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CYBERSECURITY SNAPSHOT | OCTOBER 2019

We are pleased to provide you with Momentum’s Cybersecurity Snapshot for October 2019. Strategic activity in October included 52 transactions completed totaling $4.3B in deal value across M&A (25 transactions, $3.9B) and financing (27 transactions, $409M).

The foreword of this month’s report features insights from Alex Doll & Mark Hatfield at Ten Eleven Ventures.

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.

Download Cybersecurity Snapshot October 2019

M&A Activity

  • 25 M&A deals were announced with disclosed values of $3.9B (median disclosed value of $46M)
  • The acquisitions of Sophos by Thoma Bravo for $3.8B, Cloud Conformity by Trend Micro for $70M, and enSilo by Fortinet highlighted M&A activity for October
  • The most active sectors this month were: MSSP (12), Identity & Access Management (2), Application Security (2), and Endpoint Security (2)

Financing Activity

  • 27 financing transactions completed with total capital raised of $409M (median amount raised of $5M)
  • Sparkcognition’s $100M Series C, Corelight’s $50M Series C, Very Good Security’s $35M Series B, & Flashpoint’s $34M Later Stage VC rounds led all financing activity for October
  • 63% of total financing deals were Early Stage to Series A; median amount raised in such deals was $3M
  • The most active sectors this month included: Risk & Compliance (5), Data Security (4), and SecOps / IR / Threat Intel (4)

Recent Announcements

  • Momentum Cyber & Optiv Publish White Paper: 2019 Security Technology Spend Insights Report
  • Momentum Cyber To Support NTT’s Global Cybersecurity Strategy & Growth Initiatives
  • 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

Sell Side Risk & Compliance

Mainsail Partners Have Invested In Apptega

Role: Sell Side Sector: Governance, Risk & Compliance Size: $37,000,000 Location:  Atlanta, GA Press Release

Sell Side Governance, Risk & Compliance

Infocyte Has Been Acquired By Datto

Role: Sell Side Sector: Managed Detection & Response Size: Undisclosed Location:  Austin, TX Press Release

Sell Side Managed Detection & Response

Fishtech Group Merges With Herjavec Group

Role: Sell Side Sector: Managed Security Services Provider Size: Undisclosed Location:  Kansas City, MO Press Release

Sell Side Managed Security Services Provider

See All

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Cybertech Tel Aviv 2020 – Tel Aviv, IsraelCybersecurity Snapshot

(November 2019)

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