Cybersecurity makes for strange – and interesting and sensible – bedfellows. M&A activity was robust during 2018 with some notable acquisitions completed and others on the horizon.
IBM set to acquire Red Hat for $34 billion
IBM has entered into an agreement to acquire the open-source cloud software firm Red Hat for an estimated $34 billion in October. The all-cash stock deal has already gained approval from both companies’ boards, but still must pass muster with Red Hat’s stockholders and the proper regulatory agencies. It is expected to close in the latter half of 2019, the companies said.
Bitdefender acquires RedSocks
Bitdefender reported in October the acquisition of the Dutch behavior and network security analytics company RedSocks Security BV. The financial details of the deal, which has already closed, were not released, but Rares Stefan, Bitdefender’s chief strategy officer, said it was all cash with Bitdefender obtaining RedSocks and its technologies and assets in its entirety.
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