2021 is shaping up to be an active year for mergers and acquisitions in the cybersecurity industry. March alone saw more than 40 firms being acquired. The level of activity is driven by growth in sectors such as identity management, zero trust, managed security services, DevSecOps and cloud security.
In many cases, the acquiring company sought to strengthen its position in its market—Okta’s purchase of Auth0, for example. In others, the acquisition was an entry into a new market; Lookout is now a player in the secure access service edge (SASE) market with the acquisition of CipherCloud. Some used the newly acquired company to expand product capabilities, like Palo Alto Networks boosting its Prisma Cloud platform with cloud security technology from Bridgecrew.
Below are the deals that CSO has selected as the most significant of the year. (This list is updated periodically as new deals are announced.)
Ping Identity buys SecuredTouch for its identity fraud capabilities
June 21: Ping Identity has acquired SecuredTouch, known for its fraud and bot detection and mitigation solutions. Ping will integrate SecuredTouch into its PingOne Cloud Platform. “Identity isn’t just about knowing who customers are, it’s about knowing when someone is pretending to be a customer. As companies undergo massive digital transformation initiatives, the need for seamless, frictionless, and secure identity solutions to confidently understand both those situations is imperative,” said Andre Durand, founder and CEO of Ping Identity, in a press release. “The acquisition of SecuredTouch accelerates our vision for cloud delivered intelligent identity solutions that combat malicious behavior such as bots, emulators, and account takeover.”