IT Security
The IT Security software market continues to rapidly evolve – a confluence of factors including an increasing sophistication of threats, unmanageable alerts from point solutions and a heightened regulatory environment have increased the criticality for security posture. Following in the wake of these factors have been massive security breaches and incidents that have caused significant financial, operational and reputational damages for organizations.
In recent years, several segments in IT Security have emerged to address the myriad security issues that organizations face in today’s changing environment. The adoption of identity access management (IAM), driven by distributed workforces and the expanding number of digital identities, continues to be a primary area of innovation as well as a key focus area for investment by financial sponsors and strategics. Additionally, greater development is taking place in the areas of zero trust network access (ZTNA) and secure access service edge (SASE) as organizations seek to protect themselves from persistent threats, and managed security is growing in prevalence alongside these innovations due to talent shortages in security. Lastly, as the regulatory environment shifts to provide greater protections for data privacy, data security and governance solutions have faced unprecedented demand.
M&A activity has been robust in the IT Security market as larger security vendors have sought to expand their solution offerings while private equity buyers have emerged in recent years as aggressive competitors for assets of scale. The fundraising market also remains active, with a notable shift towards large private funding rounds and high-profile IPOs in the later stage of the market.
Over the past several years we have advised on numerous consequential deals in the space. Our recent work includes advising on the sell-side for many of the major strategic deals and new private equity platforms, notably in the identity management space. We are committed to thought leadership in the IT Security market as we continue to update and refine our market landscapes and analysis of key trends.
