Cybersecurity

Total Deals
113
Total Deal Value
$208.2B
Research Reports
1
Sector Experts
1

Public Sector Summary

Cybersecurity M&A Snapshot

Cybersecurity is one of the technology sectors tracked in ComCap's M&A intelligence database, with 113 tracked transactions representing $208.2B in aggregate reported value where deal terms were disclosed. Relevant subsectors include Security Operations, Threat Intelligence, and Zero Trust Security. ComCap has published 1 research report on this sector. 1 ComCap banker covers it directly. Where deal terms were disclosed, ComCap tracks 7.2x median EV/Revenue across 13 priced deals for this sector.

Transaction Activity

Deals by Year

2026
2025
2023
2022

Deal Type Breakdown

Acquisition50%
Growth investment49%
Debt financing1%

Valuation Multiples

Median EV/Revenue:7.2x(n=13)

Who buys in Cybersecurity

93%
7%
Strategic (14)Sponsor (1)

14 of 15 classified buyers were strategic, across 74 deals whose buyer type came from a source document rather than a model. 59 could not be classified to either side and are excluded from the split. A further 39 model-inferred deals are excluded.

How buyers pay

Cash100%
Earnout43%
Stock29%
CVR14%

Share of 7 deals that disclosed a consideration structure. A deal can use more than one, so these do not sum to 100%. 39 model-inferred deals are excluded.

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