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The 10 Biggest Cybersecurity Acquisitions Of 2021 (So Far)

Michael Novinson

Private equity goliaths, SPACs, and pure-play security mainstays spent nearly $31 billion on the year‘s top cybersecurity acquisitions, placing big bets on securing networks and endpoints as well as managing employee and customer access.

T-9. Bain Capital, Crosspoint Capital Acquires ExtraHop

Purchase Price: $900 Million (Press Release)

Private equity firms Bain Capital and Crosspoint Capital agreed in June to purchase network detection and response vendor ExtraHop. The Seattle-based company said the acquisition, which closed July 22, should help ExtraHop extend the power of its platform to consolidate adjacent markets like intrusion detection, network forensics, and IoT security.

With the private equity backing, ExtraHop expects to add more channel sales managers and channel sales engineers internationally, as well as additional national and regional sales managers domestically. ExtraHop CEO Arif Kareem, CTO Jesse Rothstein, and Chief Customer Officer Raja Mukerji will continue in their respective roles, with Rothstein and Mukerji remaining significant investors in the company.

ExtraHop is the third largest player in the network detection and response (NDR) market, with $91.2 million of revenue and 42.6 percent year over year growth, according to a 2019 IDC market share report. Only Darktrace and Cisco Systems have larger NDR practices, while ExtraHop’s NDR business is larger than competitors like Vectra, Symantec, LookingGlass and Exabeam, IDC found.

 
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