Thoma Bravo has begun interviewing underwriters as it explores an initial public offering for SailPoint, Bloomberg reported last week. The private equity firm hasn't finalized details, including the timing of a potential listing for the identity governance and administration vendor.
Hellman & Friedman has met with several investments banks in recent weeks and will choose one to run the sale process for Paramus, New Jersey-based Checkmarx, in which it hopes to get at least $2.5 billion, Calcalist reported. The private equity firm bought Checkmarx for $1.15 billion in April 2020.
Majority owner Dell is exploring a possible sale of Atlanta-based cybersecurity services vendor Secureworks, tapping investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, Reuters reported Thursday.
Companies historically responded to M&A reports with milquetoast statements about "not commenting on rumors or speculation," but aggressive clapbacks have become much more common. Increasingly, executives are willing to attract more publicity by publicly - and vocally - denying acquisition reports.
The owners of eSentire are exploring a potential sale that could value the company at about $1 billion and attract the interest of private equity firms. The company is hoping to command a valuation equivalent to more than seven times its annual recurring revenue of about $150 million.
Federal regulators and SolarWinds are eyeing a truce weeks after a judge dismissed most claims related to misleading investors about the company's security practices and risks. SEC lawyer Christopher Bruckmann said his team "proposed specific settlement terms," but the defense is unlikely to accept.
CrowdStrike is in talks to acquire Houston-based patch management and vulnerability remediation startup Action1 for close to $1 billion, co-founder and CEO Alex Vovk told employees in an email Wednesday. This would be the largest acquisition in the endpoint security vendor's history.
Despite all the platformization buzz, there are very few vendors with market-leading capabilities in at least three disparate security technology categories. That could change if Google forges buys cloud security firm Wiz for a reported $23 billion just two years after buying Mandiant.
Jana Partners announced a "significant" stake in Boston-based Rapid7 on Wednesday and plans to push the vulnerability management firm to sell itself. The activist investor is working with investment firm Cannae Holdings and wants Cannae to team up with a private equity firm to buy Rapid7.
IBM, Rubrik, Palo Alto Networks and CrowdStrike entered the red-hot data security posture management market with nine-figure deals announced between May 2023 and March 2024. Now, Tenable reportedly wants a piece of the action as it eyes the purchase of Eureka.
Barracuda is looking to extend its tentacles beyond security and into remote monitoring and management through the purchase of MSP platform provider N-able, Reuters reported. The Silicon Valley-based SMB security provider owned by private equity firm KKR is one of the suitors for Boston-area N-able.
Reports last weekend that technology behemoth Broadcom had started discussions to acquire zero trust pioneer Zscaler for $38 billion raised eyebrows throughout the cybersecurity industry. The surprise comes from both the high price tag as well as the source: anonymous Substack and Medium posts.
Big Blue took a big bite out of the secrets management space with its proposed buy of San Francisco-based HashiCorp, which rivals CyberArk in its ability to authenticate and authorize access to sensitive data. Will IBM double down on the privileged access market, or let the technology languish?
Wiz is in advanced negotiations to buy Lacework for between $150 million and $200 million. The companies recently signed a letter of intent and are now in the midst of a comprehensive due diligence process, after which a decision will be made on whether the acquisition will go through.
Following Rubrik's announcement that it plans to list on the New York Stock Exchange, another company is considering trying its luck in the public market. Claroty is meeting with underwriters ahead of a possible 2025 IPO that could value the cyber-physical systems security titan at $3.5 billion.
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