These kinds of attacks compromised the supply chains of operating companies that serve consumers, enterprises and governments, as well as the products and services provided by cybersecurity companies themselves, Crawford said. government that extended to SolarWinds, Microsoft and cybersecurity company FireEye Inc., now Mandiant Inc. For example, the SolarWinds hack did not begin as an attack on its own data and operations, but with an attack on the U.S. These attacks were not only targeting some of the most sophisticated technology vendors in the country but also compromising cybersecurity solutions on a broad scale, 451 analyst Scott Crawford explained. In recent months, enterprise information technology professionals were faced with adapting to new types and scales of attacks - from SolarWinds Corp.
Now those networks extend between a geographic scattershot of dispersed endpoints as employees continue to work from home.īut that was not the only dynamic adding to the demand for new cybersecurity solutions. Companies once only needed to protect their centralized information assets when all their employees worked in protected office networks. The pandemic period not only accelerated consumer adoption of digital solutions it also accelerated enterprise digitization strategies. If you think about the rise of autonomous vehicles, you also need better cybersecurity solutions." "If you think about the rise of Internet of Things and how many connected devices you're seeing around the world, we're going to need cybersecurity solutions to protect those new entry points. "If you think about the fact that cybersecurity really sits at the intersection of so many growing technologies, I think we can come to the realization that we're just getting started," said Pedro Palandrani, a tech analyst at research company Global X ETFs. Industry observers see multiple factors driving this activity - including the digital transformation induced by the pandemic, as well as increasing cyberattacks - and they do not expect the deal volumes or valuations to slow down any time soon. Meanwhile, the number of acquisitions in the cybersecurity subsector catapulted 60.6% in 2021.
Deal volumes increased by 19.3% in the application software sector. Across the technology and telecommunications industry tracked by 451, deal volumes jumped by 11.1% year over year in 2021. Other technology sectors saw a boom in deal volumes in 2021, but few on the scale of cybersecurity. In the U.S., the volume of cybersecurity M&A deals hit 151 in the first three quarters of 2021, compared to 80, 88 and 94 in 2018, 20, respectively, according to data from 451 Research. While cybersecurity has long been a hot sector for M&A activity, 2021 is seeing more deals at higher valuations than ever before.
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