Cybersecurity M&A Roundup: 39 Deals Announced in July 2022

Cybersecurity M&A Roundup: 39 Deals Announced in July 2022

A total of 39 cybersecurity-related mergers and acquisitions were announced in July 2022.

SecurityWeek has also conducted an analysis of the deals announced in the first half of the year. We have cataloged 234 cybersecurity M&A deals, with a surge observed in the first half of June.

11:11 Systems acquires Static1

Managed infrastructure solutions provider 11:11 Systems has acquired managed network and IT infrastructure development and services firm Static1. 11:11 said the acquisition strengthens its cloud, connectivity, and security portfolios and bolsters its industry expertise, infrastructure and customer base.

Acrisure acquires Catalyst Technology Group and ITS

Fintech and insurance company Acrisure has acquired two managed service providers (MSPs), Catalyst Technology Group and ITS Inc., for its recently launched Cyber Services division, which offers risk assessment, insurance, threat prevention, detection and response, and recovery solutions.

Adar acquires Rigid Bits

Adar, an MSP for compliance-based businesses, has acquired Rigid Bits, a company that provides cybersecurity support and services. Both companies focus on the insurance industry. The acquisition of Rigid Bits enables Adar to enhance its capabilities and add cybersecurity, penetration testing, and vulnerability assessments to its offering.

AgileBlue acquires Crowe

Security operations center (SOC) and extended detection and response (XDR) company AgileBlue has announced buying the managed detection and response (MDR) platform of accounting, consulting and technology firm Crowe. The transaction enables AgileBlue to enhance its capabilities and expand geographically.

AnyTech365 merges with Duet Acquisition Corp

Spain-based IT security and support provider AnyTech365 (Anteco Systems) is merging with special purpose acquisition company Duet Acquisition Corp in an effort to become a publicly traded company on NASDAQ. The business combination values AnyTech365 at a $200 million enterprise value and a pro forma market capitalization of $287 million.

Applus+ acquires Jesus

Spain-based testing, inspection, and certification company Applus+ has purchased cybersecurity certification firm Jtsec to meet the increasing demand for cybersecurity services. Applus+ also bought Lightship, a Canada-based cybersecurity product certification services firm, in February.

Atlantic Street Capital acquires CyberGuard Compliance and Elite Consulting Solutions

Private equity firm Atlantic Street Capital has announced the acquisition of assets from CyberGuard Compliance, a CPA firm specializing in IT compliance and cybersecurity audit and assessment services, and the acquisition of Elite Consulting Solutions, which provides IT compliance and cybersecurity consulting and remediation services.

Blockdaemon acquires Sepior

Blockchain infrastructure company Blockdaemon has acquired Sepior, a Denmark-based data and digital asset security company focusing on cryptographic key management and protection. Sepior technology complements Blockdaemon’s offering, enabling the company to “foster the distribution of trust, identity, and privacy of keys at scale”.

Cerberus Sentinel acquires CyberViking

Managed compliance and cybersecurity services provider Cerberus Sentinel has completed the purchase of CyberViking, which provides application security, incident response and SOC services. CyberViking is now a wholly owned subsidiary of Cerberus Sentinel, which said the deal helps it expand its international reach and broaden its cybersecurity expertise for healthcare and industrial controls systems (ICS) customers.

Cipherpoint acquires Excite IT

Cybersecurity services firm Cipherpoint is acquiring MSSP Excite IT for AUD 3.25 million (USD 2.2 million). Both companies are based in Australia. Excite IT will extend Cipherpoint’s capabilities with managed security and IT solutions.

Clearwater acquires Tech Lock

Clearwater, a provider of risk management and HIPAA compliance solutions for healthcare firms, has bought Tech Lock, a company that offers security management, threat detection, incident response, and compliance services. The transaction enables Clearwater to expand its cybersecurity capabilities.

Crosslake Technologies acquires VantagePoint

Crosslake Technologies, a technology advisory services provider for private equity firms, has acquired cybersecurity advisory company VantagePoint. The acquisition helps Crosslake grow its cybersecurity practice with program implementation, transaction due diligence, fractional CISO leadership and penetration testing.

CWSI acquires Mobco

Ireland-based mobile and cloud security firm CWSI has acquired Mobco, a modern workplace and mobility specialist based in Belgium and Luxembourg. Mobco becomes a subsidiary of the CWSI Group, which said the deal creates one of Europe’s largest teams of enterprise mobility and security experts.

DatChat merges with Avila

Blockchain, cybersecurity, and social media company DatChat has merged with Avila Security. As a result of the merger, DatChat has acquired several of Avila’s web3 patents, which mostly focus on secure communications.

ePlus acquires Future Com

Tech solutions provider ePlus has acquired Future Com, which offers cybersecurity solutions and security consulting services to companies in the United States. The deal helps ePlus strengthen its cybersecurity capabilities and expand its presence in the South-Central US.

Equifax acquires Midigator

Consumer credit reporting agency Equifax is purchasing Midigator for its digital identity and fraud prevention solutions. Once the transaction has been completed, Midigator will become part of Equifax’s United States Information Solutions (USIS) business unit.

IBM acquires

IBM has acquired, an Israel-based company that provides data observability solutions. The tech giant said the deal helps it expand its observability capabilities, helping enterprises catch “bad data” at the source.

Huntress acquires Curricula

MDR firm Huntress has acquired security awareness training and phishing simulation platform Curricula for $22 million. Huntress said the deal adds a fun, story-based security awareness training platform to its stable of cybersecurity offerings.

Human Security merges with PerimeterX

Bot and fraud protection firms Human Security (formerly White Ops) and PerimeterX,are merging under the Human company name. Combined, the firms will comprise more than 450 employees, 500+ customers and have more than $100 million in ARR.

Infinigate acquires Nuvias Group

European cybersecurity solutions distributor Infinigate is acquiring Nuvias Group’s cybersecurity and secure networking business to create a pan-European cybersecurity powerhouse that is expected to generate $1.4 billion by 2023.

Meriplex acquires Verma Systems

MSP/MSSP Meriplex has acquired the assets of MSP Verma Systems. Meriplex has acquired 10 companies in the past two years. The company strategically acquires businesses to establish a regional presence and acquire talent to support organic and inorganic growth.

MicroAge acquires cStor

Cybersecurity, digital transformation and modern infrastructure solutions provider MicroAge has acquired cStor, a company that provides similar solutions. The deal helps MicroAge enhance its offering, including with a mature cybersecurity practice.

N-able acquires Spinpanel

N-able, which helps IT services providers deliver remote management and security solutions, has acquired Netherlands-based Spinpanel in an effort to accelerate its cloud strategy. Spinpanel provides a Microsoft 365 management and automation platform that enables cloud solution providers to automate provisioning, security and management.

NetGain Technologies acquires EasyIT

NetGain Technologies announced buying EasyIT. Both companies are based in the United States and they both offer managed IT and cybersecurity services. The deal enables NetGain to further expand its presence in the Ohio River Valley region.

Nexion acquires Aiscorp and Silicon Systems

Australia-based security, networking and cloud solutions provider Nexion has acquired New Zealand-based Aiscorp and Silicon Systems for approximately $8.9 million. Both Aiscorp and Silicon provide managed IT and cybersecurity services.

Node4 acquires risual

Node4 has acquired Risual. Both companies offer managed IT and cybersecurity services and both are based in the UK. The deal helps Node4 strengthen its Microsoft cloud capabilities and UK public sector footprint.

Privitar acquires Kormoon

Enterprise data provisioning and privacy software provider Privitar has bought Kormoon, which helps organizations remain compliant with data rules. Both companies are based in the UK. Kormoon’s technology will be used to extend the functionality of Privitar’s data privacy and provisioning offerings.

Recorded Future acquires Hatching

Threat intelligence giant Recorded Future has announced the acquisition of Netherlands-based malware analysis firm Hatching. The transaction enables Recorded Future to extend its intelligence coverage with automated malware analysis. Hatching’s Triage malware sandboxing solution will be integrated into Recorded Future’s ecosystem.

Resecurity acquires Cybit Sec

US-based endpoint protection, risk management, and threat intelligence provider Resecurity has acquired UAE-based Cybit Sec, which provides vulnerability assessment and penetration testing services. The deal helps Resecurity expand its capabilities and its presence in the Middle East.

Riskonnect acquires Castellan

Integrated risk management (IRM) software solutions provider Riskonnect has acquired Castellan, which specializes in business continuity and resilience. The deal accelerates the growth objectives of both companies. Riskonnect customers gain access to Castellan’s business continuity and operational resilience solutions, while Castellan customers benefit from Riskonnect’s expanded IRM product capabilities.

Sourcepass acquires SSD Technology Partners and Total Technology Solutions

Sourcepass has acquired two MSP/MSSP companies: SSD Technology Partners and Total Technology Solutions. The acquisitions will help the company expand its cybersecurity offering and expertise, among others. Total Technology Solutions will operate as a subsidiary of Sourcepass, while SSD will be integrated into the company.

Stryve acquires Atticus Creative

Stryve, an Ireland-based firm offering cloud security and data protection solutions, has acquired UK-based creative agency Atticus Creative, which has been rebranded Stratticus. Atticus Creative, acquired in a €1 million deal, will enable Stryve to expand its offering — Stryve clients will be offered website design and user experience services, while Atticus clients will be provided security services.

Thales acquires OneWelcome

As part of its cybersecurity expansion strategy, Thales has acquired Netherlands-based customer identity and access management firm OneWelcome for €100 million. OneWelcome’s digital identity lifecycle management capabilities complement Thales’s identity services.

Vitruvian Partners acquires Outpost 24

European private equity firm Vitruvian Partners has acquired a majority stake in Sweden-based Outpost24. The deal will enable Outpost24 to invest in people, processes, and technology.

Xceptional acquires Altitude Integrations

Xceptional has acquired Altitude Integrations. Both companies offer managed IT and cybersecurity services and both are based in the US. Altitude Integrations will continue to operate independently as “an Xceptional Company”.

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering. Previous Columns by Eduard Kovacs:


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