Cybersecurity M&A News: 37 Deals Revealed in December 2024

In December 2024, there were a total of thirty-seven cybersecurity-related merger and acquisition (M&A) deals announced. This marks a trend of decreasing activity in the space, as the first half of 2024 saw the lowest number of deals recorded since 2021.

Some of the notable M&A deals from December include AE Industrial Partners acquiring Israeli spyware firm Paragon for a reported $500 million, with a potential total value of $900 million. This acquisition will see Paragon merging with Red Lattice, a US cybersecurity company.

Arctic Wolf acquired Cylance endpoint security technology from BlackBerry for $160 million in cash and 5.5 million Arctic Wolf common shares. This move comes after BlackBerry originally purchased Cylance for $1.4 billion in cash back in 2018.

Cisco announced its acquisition of threat detection and defense company SnapAttack to enhance its Splunk security product capabilities. With this acquisition, Splunk’s security products will receive improved detection engineering, enhanced insights, and SIEM modernization.

Citrix made strategic acquisitions of DeviceTrust and Strong Network to further expand its zero trust security offerings. DeviceTrust focuses on providing real-time protection for VDI and DaaS users, while Strong Network offers services to secure cloud development environments.

Chainalysis acquired Hexagate, an Israeli provider of real-time web3 security and data API services, for an estimated $60 million. This acquisition will allow Chainalysis to enhance its risk solution capabilities by identifying suspicious patterns and unusual transactions across blockchain networks.

Fortinet announced the acquisition of Israeli company Perception Point, which provides solutions for securing email, collaboration platforms, web browsers, and cloud storage applications. This acquisition will enable Fortinet to expand and enhance its security offerings.

Various other cybersecurity M&A deals were announced in December 2024, showcasing the ongoing activity and consolidation in the industry. These deals span across different sectors within cybersecurity and highlight the importance of strategic acquisitions for companies looking to enhance their offerings and capabilities.