The cybersecurity sector saw three major acquisitions announced this week, with Insight Partners acquiring Recorded Future, Palo Alto buying Twistlock and PureSec and FireEye snapping up Verodin.
Monetarily, the biggest deal involved the private equity firm Insight Partners taking a controlling stake in Recorded Future in an all-cash $780 million deal that will also see the private equity firm’s Mike Triplett and Thomas Krane joining Recorded Future’s board of directors.
“This evolution of our relationship will allow Recorded Future to better serve its current and future clients as we tap into the full potential of our technical roadmap and position our software to truly answer some of the most difficult and unique intelligence challenges faced by our community,” said Christopher Ahlberg, co-founder and CEO of Recorded Future.
Palo Alto reported on May 29 that it had entered into a definitive agreement to acquire container security firm Twistlock for $410 million cash along with PureSec, which specializes in serverless security, for an undisclosed amount. Twistlock co-founders Ben Bernstein and Dima Stopel will join Palo Alto Networks, as will PureSec co-founders Shaked Zin, Ory Segal and Avi Shulman.
“We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy,” said Nikesh Arora, chairman and CEO of Palo Alto Networks.
The third deal of the week was FireEye’s takeover of Verodin for $250 million in cash and stock on May 28. FireEye said in a statement it was interested in the Verodin Security Instrumentation Platform, which is used to validate the effectiveness of cybersecurity controls.
“Verodin will integrate with FireEye Helix security orchestration capabilities to help customers prioritize and automate continuous improvement of security controls. Customers will also be able to implement Verodin cybersecurity measurement and validation solutions “as-a-service” through the FireEye Managed Defense service and as an Expertise On Demand automated service,” FireEye said.