Priya Patel
TL;DR:
- 25 cybersecurity-related merger and acquisition (M&A) deals were announced in July 2024.
- Key deals include 360 Advanced acquiring Aberrant, Arieli EL acquiring Elron Ventures, and Excite Cyber acquiring CBIT Digital Forensics Group.
A total of 25 cybersecurity-related merger and acquisition (M&A) deals were announced in July 2024, marking a busy month in the industry. The first half of 2024 saw a decline in M&A activity compared to previous years, but July brought a resurgence with noteworthy deals such as 360 Advanced’s acquisition of Aberrant, expanding their security management platform for Managed Service Providers. Additionally, Arieli EL acquired a majority stake in Elron Ventures, a holding company with investments in cybersecurity, B2B software, and health-tech spaces.
Excite Cyber also made headlines with their acquisition of CBIT Digital Forensics Group, aiming to broaden their managed services offering in digital forensics solutions and training. Other significant deals include Exiger acquiring aDolus to enhance supply chain visibility, Hiya acquiring Loccus.ai for deepfake voice detection capabilities, and Marlink acquiring Diverto to strengthen their cybersecurity portfolio.
Further notable deals include Mimecast acquiring Code42, Protect AI acquiring SydeLabs for automated attack simulation, and Rapid7 acquiring Noetic Cyber for cyber asset management. These deals reflect a trend towards consolidation and expansion in the cybersecurity industry, as companies seek to enhance their capabilities and offerings amidst evolving cyber threats.
