Cybersecurity M&A deal volume hit a new record high in 2018, according to an annual cybersecurity almanac published by Momentum Cyber.
The 900-page report from the boutique advisory provides a telling insight into what investors think is hot in the cybersecurity market.
There were a record 183 cybersecurity M&A deals in 2018, the report shows, with 96 percent involving private companies.
The chart below shows that investors are particularly seeking out identity and access management specialists, security consulting companies and security operations/threat intelligence firms. Interest in managed security service provider (MSSP), meanwhile, fell sharply year-on-year.
There were five cybersecurity IPOs in 2018 meanwhile, versus three in 2017, with the average IPO raising $364 million in 2018. Momentum Cyber, which has advised on deals worth billions, most recently supporting Micro Focus’s acquisition of Canada’s Interset, said it expects sustained growth in 2019.