Let's get this bread, family.
I hope you had a great weekend!
Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) continue to be one of the most acquired categories this year, as it was last year as well. I'm now seeing multiple consolidations happening where a firm might triple in size by acquiring two or more companies in one shot.
The MSP/MSSP space has seen an explosion of growth in general the last few years, and I'd expect it to continue as capital has become harder to acquire for product-based cybersecurity companies.
What remains to be seen, however, is if news of a recession will send funding back up as the stock markets have temporarily rallied.
Let's dive in.
8 companies raised $288.7M across 7 unique product categories
7 companies were acquired or had a merger event
🧩 By Product Category
$250.0M for Data Protection
$11.5M for Distributed Ledger Technology (DLT) Security
$10.0M for Remote Browser Isolation
$8.3M for Infrastructure as Code (IaC)
$6.0M for API Security
$5.1M for Managed Security Services Provider (MSSP)
$2.2M for Identity and Access Management (IAM)
$755.6K for Professional Services
eBook: Beware the Hidden Costs of Microsoft CAIn today’s world, a free certificate authority won't cut it.For IT departments it's critical to ensure protection of data by managing and authenticating network identities. Hence, a decision to use Microsoft CA for certificate management is risky. This eBook provides charts and data on how much that “free” CA will really cost.Get the eBook here.
🏢 By Company
🤝 Mergers & Acquisitions
🔐 Secure The Job
If you're looking for new opportunities (actively or passively), I've got two ways to help:
Are you currently hiring or looking to hire soon? Post standard jobs for FREE or upgrade to a Featured tier to really stand out and hire the best talent from the Return on Security community.
📚 Great Reads & Finds
Cryptocurrency Legislation - Thirty-seven US states have addressed legislation regarding cryptocurrency, digital or virtual currencies and other digital assets in the 2022 legislative session
Prep Tips for Cybersecurity Manager Interviews - There are few resources about how you prepare yourself to get a manager job, much less in cybersecurity. So I decided to add something that hopefully others can learn from and make their own.
Combating Ransomware - A framework of key recommendations for action from the Ransomware Task Force (RTF) at Institute for Security and Technology (IST).
Big brain moves only 🧠
🎉 Enjoying This Newsletter?
Have questions, comments, or feedback about this issue? I'd love to hear from you.
Reach out on Twitter or reply directly to the newsletter version of this issue.
Thanks for reading!