10 Cybersecurity Companies Making Moves: March 2023
We’re taking a look at some of the cybersecurity companies that launched new products and partner programs, announced acquisitions or made key executive hires in March.
Hot Market, Big Moves
While a few more cybersecurity companies announced layoffs last month amid continued macroeconomic wobbles, including Zscaler, many more security vendors had other types of news to announce in March.
In particular, the pace of cybersecurity product launches seemed to accelerate during the month, as at least 20 companies we follow released major product announcements. That appeared to be an uptick from the prior two months of 2023, based on our tracking of hundreds of product vendors in the cybersecurity industry. Other cybersecurity moves during the month included announcements of notable acquisitions, the launches of new channel partner programs and important executive hires.
In March, some of the biggest moves by cybersecurity companies included a cloud security acquisition by Cisco, while Okta was among the cybersecurity companies that unveiled details on a new channel partner program and Check Point was among the vendors to disclose a key executive hire.
Additionally in March, Microsoft announced a new security product that uses OpenAI’s GPT-4 technology and Palo Alto Networks unveiled significant AI-powered updates to its secure access service edge (SASE) platform.
What follows are the details on 10 cybersecurity companies that announced major moves in March 2023.