2024’s top 5 cybersecurity acquisitions – check them out now

May 14, 2024
1 min read

TLDR:

  • AI plays a crucial role in cybersecurity, offering both opportunities and challenges.
  • The cybersecurity market is expected to reach $290 billion by 2027.

In 2024, several major cybersecurity acquisitions have taken place:

Hewlett Packard Enterprise Acquires Juniper Networks for $14.3bn:

HPE aims to boost its networking business with Juniper’s network security and AI-enabled operations.

IBM Acquires HashiCorp for $6.4bn:

IBM expands its automation and multi-cloud management offerings through the acquisition of HashiCorp.

Thoma Bravo Acquires Darktrace for $5.3bn:

Darktrace’s AI cybersecurity platform is a valuable addition to Thoma Bravo’s portfolio.

First Advantage Acquires Sterling Check for $2.2bn:

This acquisition enhances First Advantage’s employment background screening solutions.

Akamai Technologies Acquires Noname Security for $450m:

Akamai strengthens its API security with Noname’s expertise in this area.

GlobalData Thematic Intelligence emphasizes the importance of responsible AI application in cybersecurity to secure data effectively amidst the evolving threats. The growing cybersecurity market is driving companies to invest in tighter security measures and integrate new technologies for enhanced protection against cyber threats.

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