Every year, Cisco releases its Visual Networking Index forecast, which tracks the growth of the internet by number of internet users, network traffic speeds, and IP-connected devices. This year, the VNI has forecast that over 4.6 billion people will have…
Every year, Cisco releases its Visual Networking Index forecast, which tracks the growth of the internet by number of internet users, network traffic speeds, and IP-connected devices. This year, the VNI has forecast that over 4.6 billion people will have connected to the internet by 2021. Research firm Cybersecurity Ventures has predicted that there will be at least 6 billion internet users by 2022, and 7.5 billion internet users by 2030. It is also estimated that cyber-crime will cost the world $6 trillion annually, by 2021. According to ABI Research, over 20 million connected cars will possess built-in software-based security technology by 2020.
Cyber-attacks in the form of ransomware such as WannaCry, and data breaches such as those experienced by Yahoo, Equifax, and Uber have businesses on high alert – making the services of cybersecurity firms indispensable. Companies are aware of the critical need to upgrade their defenses and this has driven many organisations to invest in strengthening their security both organically and inorganically. KPMG recently acquired the Identity and Access Management(IAM) business of Cyberinc, one of the largest independent IAM technology providers in the world. The acquisition was aimed at improving KPMG’s existing capabilities in information security consulting services, and to expand the firm’s ability to provide their clients with newer IAM solutions.
The issue of cybersecurity has presented software firms with an opportunity to find new growth engines, and to innovate as well. The cybersecurity market is expected to grow from $137.85 billion in 2017 to $231.94 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11 percent. Several companies have moved to acquire cybersecurity firms in the past few months. According to Cybersecurity Ventures’ Mergers and Acquisitions report, over fifty acquisitions have taken place in this space in the third quarter of 2017 alone, including two mega deals.
Here are some of the significant cybersecurity acquisitions that occurred over the past year.
Palo Alto Networks acquired LightCyber
Santa Clara, California-based network and enterprise security firm, Palo Alto Networks, acquired LightCyber for $105 million in cash. LightCyber is a cybersecurity company that employs automated behavioral analytics capabilities, using machine learning to swiftly identify attacks, based on identifying behavioral anomalies within the network.
Symantec acquired Fireglass
Symantec strengthened its Integrated Cyber Defense Platform through the acquisition of Israel-based Fireglass, a web isolation solution that eliminates ransomware, malware and phishing threats by preventing potentially harmful content from reaching users through web and email.
Cisco acquired Observable Networks, Inc.
One of Cisco’s multiple acquisitions in the enterprise security space, it acquired St. Louis –based Observable Networks, a provider of network behavior monitoring that can enable IT teams to detect anomalies in the network, focused particularly on cloud deployments.
SAP bought Gigya
German enterprise software giant, SAP acquired Gigya to strengthen its Hybris e-commerce division. Gigya, whose Research and Development department is based out of Israel, enables online properties to manage customer identities and profiles. These functionalities are now reportedly integrated into SAP’s wider e-commerce operation. While terms of the deal were not officially disclosed, TechCrunch reported that the deal was worth $350 million.
If you think we missed out on naming a significant deal, feel free to leave us a comment below. To gain access to curated M&A transactions in the cybersecurity space, sign up for a free trial on BankerBay.