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.
T-6. LGL Systems Acquisition Corp. To Acquire IronNet Cybersecurity
Purchase Price: $1.2 Billion (Press Release)
Network detection and response vendor IronNet Cybersecurity plans to go public on the New York Stock Exchange by being acquired by LGL Systems Acquisition Corp. The deal was announced in March and will allow IronNet to accelerate its growth trajectory and capitalize on strong demand for new and more effective ways to defend against growing cyber threats.
IronNet’s IronDefense provides behavior-based and AI-driven analytics at the network level to detect anomalous activity at individual enterprises and prioritize the highest threats in a company’s network. IronDome shares the IronDefense findings from an individual company within the group of related entities (portfolio companies, supply chains, industries, or nations) for correlation and further analysis.
“Current methods of cyber information sharing, analysis, and collective action are simply too manual and too slow to be effective,” Robert LaPenta, Co- CEO of LGL Systems Acquisition Corp., said in a statement. “We believe this merger will make a real difference in helping IronNet protect our fellow citizens from accelerating aggression by an invisible enemy intent on hurting our well-being.”