The 10 Biggest Cybersecurity Acquisitions Of 2021 (So Far)
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.
8. Newtown Lane Marketing To Acquire Appgate
Purchase Price: $1 Billion (Press Release)
Secure access vendor Appgate agreed in February to go public just a year after its formation by getting acquired by shell company Newtown Lane Marketing. Coral Gables, Fla.-based Appgate said becoming a publicly traded company will provide quick access to significant financial resources to accelerate growth, scale and go-to-market strategies.
Appgate was spun out from data center vendor Cyxtera in January 2020 and expects to generate revenues of $40 million this year with a compound annual growth rate (CAGR) of 50 percent over the next half-decade. As part of the Newtown Lane Marketing acquisition, a leading alternative investment manager is also investing $100 million in Appgate.
The company has more than 360 employees and serves over 650 businesses, including Fifth Third Bank, Norwegian Cruise Lines, Secureworks, Rackspace and Weight Watchers. In the federal government space, Appgate said it supports the U.S. Department of Defense and U.S. Department of Homeland Security.