Cybersecurity M&A Push Continues With Acquisitions By N‑able, Bitsight, Silverfort

The series of deals comes amid what many say is an oversupply of tools in the cybersecurity industry.

The surge of M&A deal-making in the cybersecurity industry has continued in November, including nine-figure acquisitions by N‑able and Bitsight focused on delivering improved threat insight to customers.

An inevitable increase in cybersecurity consolidation has been predicted for years due to a number of converging factors. Among them is the massive sprawl of vendors in the industry, which the online database CyberDB has estimated at 3,000, with the vendors offering 6,900 products in total.

Recent cybersecurity acquisition activity has included Bitsight’s deal, unveiled last week, to acquire threat intelligence data firm Cybersixgill for $115 million.

The acquisition is aimed at enabling third-party risk management vendor Bitsight to provide customers with enhanced threat insight, according to the company. The integration of Cybersixgill will allow for the delivery of “even deeper insight to Bitsight customers about the targeted threats unique to their infrastructure,” Bitsight CEO Steve Harvey said in a news release.

In the most recent acquisition announcement, N‑able said Wednesday that it has acquired security operations platform provider Adlumin for at least $236 million. The deal could rise to $266 million if certain performances targets are achieved, the company said.

Adlumin’s platform has combined a number of capabilities that are often treated by vendors as separate offerings, including managed detection and response (MDR) and security information and event management (SIEM), Adlumin co-founder and CEO Robert Johnston told CRN previously.

The acquisition will position N‑able to “deliver deeper insight and remediation across the entire IT environment,” the company said in a news release.

Also this month, identity security firm Silverfort unveiled the acquisition of a startup in the same space, Rezonate. The startup offers capabilities including identity threat detection and response (ITDR) and non-human identity security and will enable Silverfort to expand its offering “deeper into cloud environments,” the company said in a news release.

Other cybersecurity M&A deals this month have included CrowdStrike’s planned acquisition of SaaS security startup Adaptive Shield. With the integration, CrowdStrike said it will be the only cybersecurity vendor to provide a single platform for end-to-end protection against identity-based attacks across the entire modern cloud ecosystem.