Mega Deals

Hornetsecurity was bought by Proofpoint

Announced: December 2025 Deal Value: $1.8B

Hornetsecurity, a Microsoft 365 security and compliance solutions provider catering to MSPs in Europe, was acquired by Thoma Bravo-backed cloud security Proofpoint for $1.8 billion. The buyer got to reach the SMB segment with its largest-ever acquisition. 

Hornetsecurity was bought by Proofpoint Hornetsecurity was bought by Proofpoint

Armis was bought by ServiceNow

Announced: December 2025 Deal Value: $7.8B

Agentless cyberexposure management company Armis was acquired by ServiceNow in December for $7.7 billion. 

Armis was bought by ServiceNow Armis was bought by ServiceNow

Wiz was bought by Alphabet

Announced: March 2025 Deal Value: $32B

Cloud security company Wiz was acquired by tech giant Alphabet in March for $32 billion. 

Wiz was bought by Alphabet Wiz was bought by Alphabet

Palo Alto bought Cyber Ark

Announced: July 2025 Deal Value: $24.9B

Tech giant Palo Alto bought cloud-native identity security company Cyber Ark in July for $24.9B to accelerate Palo Alto Networks' platform strategy by establishing Identity Security as a new core platform.

Palo Alto bought Cyber Ark Palo Alto bought Cyber Ark

Key Transactions

SplxAI was bought by Zscaler

Announced: November 2025 Deal Value: $65M

Finally, in November, SplxAI, open-source artificial intelligence (AI) security software company, was bought by Zscaler for $65 million, bolstering Zscaler’s AI security offerings. 

SplxAI was bought by Zscaler SplxAI was bought by Zscaler

ThreatConnect was bought by Dataminr

Announced: October 2025 Deal Value: $290M

In October AI-powered cyber threat intelligence software provider ThreatConnect was bought by Dataminr for $290 million, to enhance threat-intelligence capabilities. 

ThreatConnect was bought by Dataminr ThreatConnect was bought by Dataminr

Nozomi Networks was bought by Mitsubishi

Announced: September 2025 Deal Value: $883M

Nozomi Networks, AI-powered industrial operational technical and IoT security and visibility software, was bought by Mitsubishi for $883M, adding a strong and growing AI-powered, cloud-first cybersecurity software business to Mitsubishi’s existing offerings.

Nozomi Networks was bought by Mitsubishi Nozomi Networks was bought by Mitsubishi

Cynerio was bought by Axonius

Announced: July 2025 Deal Value: $100M

Healthcare-focused IoT cybersecurity software provider Cynerio was bought by Axonius for $100M, to target the healthcare market.

Cynerio was bought by Axonius Cynerio was bought by Axonius

eMudhra acquired AI Cyber Forge

Announced: July 2025 Deal Value: $4.8M

US-based AI-driven cybersecurity automation and credentials management software company AI Cyber Forge was bought by India-based security firm eMudhra for $4.8M in July to position itself globally as a comprehensive cybersecurity provider.

eMudhra acquired AI Cyber Forge eMudhra acquired AI Cyber Forge

Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for data seurity companies, then you've come to the right place. With our report, you'll get valuable information that will inform the future of your company, and educate yourself on the current trends in the market.