Cybersecurity Market Review

Cybersecurity Dashboard
$3.88 Billion
Financing Volume YTD
218
Financing Transactions YTD
$14.35 Billion
M&A Volume YTD
97
M&A Transactions YTD
Top Financing Transactions YTD
Financing Activity
Monthly Deal Count Pulse Financing M&A
M&A Activity
Top M&A Transactions YTD
Date Company Amount ($M)
1/13/16 187
$3.8
$3.9
25
$10.5
$14.3
Target Acquirer Amount ($M)
4,722
7/25/16 StackPath 180
15
4,200
6/8/16 100
2/3/16 96
1/21/16 76
1/28/16 75
2015 2016 YTD
Volume ($B)
229
218
5
Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16
Public Comps
M&A EV/Rev Multiples
Max 12.9x
5.9x
4.5x
Max 8.6x
Median 7.6x
2015 2016 YTD
Volume ($B)
142
97
1,463
1,254
600
488
7/5/16 64
8/30/16 50
2015 2016 YTD
# of Deals
Median 5.0x
Min 0.9x Min 0.9x
2015 2016
(EV / 2015E) (EV / 2016E)
2015 2016 YTD
2015 2016 YTD
# of Deals
293
275
Specialized Threat Analysis & Protection
Identity & Access Management
Threat Intel / SecOps / IR
Cloud Security
Data Security
Mobile Security
Endpoint Security
Fraud Prevention / Transaction Security
Application Security
Risk & Compliance
Web Security
Industrial / IOT Security
Network Security
Messaging Security
13
17
11
17
10
9
18
7 4
2015
Total: 229
19
40
19
22
23
Financing Activity
14
5
21
12
9
13
13
6 4
24
2016
Total: 218
10
25
19
16
27
12
3
14
21
4
10
6
2015
Total: 142
6
3
5
5
16
17
13
7
M&A Activity
2
12
2
5
15
8
6
2016
Total: 97
3 1
4
3
6
3
20
7
MSSP