StealthWatch’s Post

CyberArk, a leading information security services provider, has announced plans to acquire cybersecurity firm Venafi from private equity firm Thoma Bravo in a deal valued at around $1.54 billion. Read more - https://lnkd.in/gnK_pXN7 #cyberark #venafi #thomabravo #machineidentitymanagement #postquantum #digitaltransformation #cloudmigration #securityproducts #enterprisesecurity #acquisition #strategicpartnership #cybersecuritylandscape #securityinnovation #securitytrends #cybersecurity

Another example of a wave of consolidation happening in the cybersecurity industry. CyberArk, one of the largest cybersecurity companies in Massachusetts, said it is expanding its total addressable market by nearly $10 billion thanks to a $1.54 billion deal. #Boston #tech #news #massachusetts #cybersecurity #mergersandacquisitions #consolidation #identitysecurity #security

CyberArk to acquire Venafi for $1.54 billion in major deal - SecurityBrief Australia: CyberArk to acquire Venafi for $1.54 billion in major deal  SecurityBrief Australia #CyberSecurity #InfoSec #SecurityInsights

Exciting news in the cybersecurity industry as Sophos Ltd. announces the acquisition of Secureworks Corp. in a deal valued at $859 million. The transaction, revealed today, values Secureworks at $8.50 per share, representing a 28% premium over its 90-day volume-weighted average price. Reports of this acquisition have been circulating since August, making it a significant development in the sector. This acquisition marks a strategic move by Sophos, a U.K.-based company known for its cutting-edge cybersecurity software. The company, which was acquired by Thomas Bravo five years ago for $3.9 billion, specializes in providing organizations with software to safeguard their devices, servers, and systems from cyber threats. #Cybersecurity #Acquisition #Sophos #Secureworks #ClarityTogether

https://lnkd.in/e6BYKZUb "However, he admitted that customers are experiencing "fatigue" when it comes to cybersecurity processes: dealing with and integrating multiple cybersecurity vendors, slower legacy infrastructure." Have you heard of Kaseya? We have 1300+ workflow integrations, and part of our vision is to alleviate vendor fatigue. Check out our solution suites with the link below: https://lnkd.in/eeVFJYda

This graph shows the trend of cybersecurity company acquisition by private companies.

Great to see innovative, forward looking cyber security companies continuing to raise funding in an increasingly buoyant market. Another great example of how the best will always attract funding, whilst others will be forced into mergers to try and stay relevant.

“CrowdStrike is cybersecurity’s consolidator of choice, innovator of choice, and platform of choice to stop breaches,” - CrowdStrike CEO, George Kurtz. Check out the CrowdStrike Q4 earnings review and fundamental outlook here▶️- https://lnkd.in/dDa4UEW9 #cybersecurity #crowdstrike #earningsseason #wallstreet #stockmarketnews #stockstowatch #stocktrading #investingtips

More interesting #cybersecurity #news from #CRN talking about how #Nable is exploring a potential sale to #Barracuda after splitting off from #Solarwinds. This would create a new market leader in the #backup, #emailsecurity, and #MSP space. If you're presently purchasing #SentinelOne through Nable happy to have a discussion about ensuring a seamless transition to #malwarebytes to prevent service disruptions.

Sophos to Acquire Secureworks in $859 Million All-Cash Deal. Sophos and Secureworks have announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately $859 million. Sophos is backed by Thoma Bravo, a leading software investment firm. “Secureworks offers an innovative, market-leading solution with their Taegis XDR platform. Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organizations of all sizes globally, said Joe Levy, CEO of Sophos. “Secureworks’ renowned expertise in cybersecurity perfectly aligns with our mission to protect businesses from cybercrime by delivering powerful and intuitive products and services. This acquisition represents a significant step forward in our commitment to building a safer digital future for all.” “Our mission at Secureworks has always been to secure human progress. Sophos’ portfolio of leading endpoint, cloud, and network security solutions – in combination with our XDR-powered managed detection and response – is exactly what organizations are looking for to strengthen their security posture and collectively turn the tide against the adversary,” said Wendy Thomas, CEO, Secureworks. “As Joe and I both believe, this transaction will strengthen our go-to-market offering with Sophos’ global scale, expertise and reputation.” #sophos #secureworks #acquisition https://lnkd.in/ecaMExbN