Cloudflare Expands Portfolio with Kivera Acquisition
Deal News | Nov 05, 2024 | EIN
In October 2024, a total of 37 cybersecurity-related mergers and acquisitions were announced, reflecting significant activity in the industry. Key transactions included Cloudflare acquiring Kivera to enhance its SASE portfolio, Cyera purchasing Trail Security for $162 million to bolster its data security capabilities, and Dragos acquiring Network Perception to improve network visibility and segmentation. Experian's $350 million agreement to acquire Brazilian cybersecurity firm ClearSale is another notable deal, motivated by the desire to enhance identity and fraud prevention capabilities in the Brazilian market. Ernst & Young US's acquisition of technology consulting firm Dignari highlights the importance of identity and access management solutions in their offerings. Other significant deals include Proofpoint's planned acquisition of Normalyze, Socure's acquisition of Effectiv for $136 million, and Sophos's announcement to purchase SecureWorks for $859 million. Smaller transactions such as Logpoint's acquisition of Muninn, Marlink's purchase of Port-IT, and Netskope acquiring Dasera illustrate a growing diversification and strategic expansion in digital security services.
Sectors
- Cybersecurity
- Technology
Geography
- United States – Several companies involved in the M&A deals are based in the United States, and the market activities are significantly centered around U.S. enterprises.
- Brazil – Experian's acquisition of ClearSale is notably focused on the Brazilian market to enhance identity and fraud services there.
- Denmark – Logpoint's acquisition of Muninn involves two companies based in Denmark, illustrating local industry dynamics.
Industry
- Cybersecurity – The article details multiple mergers and acquisitions within the cybersecurity sector, indicating active consolidation and strategic expansion in the industry.
- Technology – The acquisition targets and buyers are primarily technology companies specializing in various cybersecurity capabilities, data protection, and identity fraud solutions.
Financials
- $162 million – The purchase price for Cyera's acquisition of Trail Security, including cash and stock.
- $350 million – Deal value for Experian's acquisition of ClearSale.
- $136 million – The acquisition price Socure is paying to acquire Effectiv.
- $859 million – The all-cash deal value for Sophos's acquisition of SecureWorks.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cloudflare | Acquirer | Company | Cloudflare offers services to improve the security and performance of websites and internet businesses. |
| Kivera | Target | Company | Kivera focuses on cloud security, data protection, and compliance solutions. |
| Cyera | Acquirer | Company | Cyera specializes in data security posture management solutions. |
| Trail Security | Target | Company | Trail Security is known for its AI-enhanced data loss prevention technology. |
| Dragos | Acquirer | Company | An OT cybersecurity firm focused on protecting industrial systems. |
| Network Perception | Target | Company | A company that provides network visibility and compliance solutions. |
| Experian | Acquirer | Company | A global information services company specializing in data analytics and identity solutions. |
| ClearSale | Target | Company | A Brazilian cybersecurity firm focusing on fraud and identity verification. |
| EY | Acquirer | Company | Ernst & Young (EY US) is a multinational professional services firm providing assurance, advisory, and consulting services. |
| Dignari | Target | Company | A technology consulting firm specializing in identity and access management solutions. |
| Logpoint | Acquirer | Company | A SIEM firm providing cybersecurity solutions. |
| Muninn | Target | Company | An AI-driven network detection and response provider. |
| Marlink | Acquirer | Company | A managed service provider specializing in digital solutions for maritime industries. |
| Port-IT | Target | Company | A Dutch provider of cybersecurity solutions for the maritime industry. |
| Netskope | Acquirer | Company | Provider of secure access service edge solutions. |
| Dasera | Target | Company | Focuses on data security posture management capabilities. |
| Proofpoint | Acquirer | Company | A cybersecurity company focusing on data protection and threat management. |
| Normalyze | Target | Company | A company specializing in data security posture management. |
| Socure | Acquirer | Company | Leading provider of digital identity verification and fraud solutions. |
| Effectiv | Target | Company | Provides identity verification and fraud prevention solutions. |
| Sophos | Acquirer | Company | A global leader in next-generation cybersecurity. |
| SecureWorks | Target | Company | Provider of Taegis XDR platform for cybersecurity. |