The past year and a half has been an interesting time for the security industry, which has been an active space for mergers and acquisition in recent years.
M&A activity was consistent from the first half of 2019 into the second, and the strong trend continued into the first quarter of 2020. By mid-April of last year, the industry had seen several acquisitions, with many in the billion-dollar range, as organizations expanded their portfolios and filled in gaps.
Not surprisingly, mergers significantly slowed down during the COVID-19 pandemic as organizations focused on market changes and adjusting their teams and expenses, to survive the drastic enterprise changes and shift to remote work environments. Some deals made headlines during the pandemic, but overall, the industry's M&A was quieter than usual.
But mergers and acquisitions have again started to pick up following the 2020 decline. Here's the lowdown on some of the key transactions - and trends - shaping the industry.