A running view of the cybersecurity mergers and acquisitions reshaping the sector, with Windsor Drake’s read on the platform consolidation driving it.
| Date | Acquirer | Target | Value | Notes |
|---|---|---|---|---|
| Mar 2026 | Wiz | $32.0B | Largest cybersecurity acquisition on record; cloud security. | |
| Feb 2026 | Palo Alto Networks | CyberArk | $25.0B | Identity and privileged access security. |
| 2025 | ServiceNow | Armis | $7.7B | Asset and exposure management. |
| 2025 | Palo Alto Networks | Chronosphere | $3.3B | Observability for security operations. |
| 2025 | Mitsubishi Electric | Nozomi Networks | $1.0B | Largest OT security acquisition to date. |
| 2025 | ServiceNow | Veza | $1.0B | Identity governance. |
Compiled by Windsor Drake from public announcements and reporting. Last reviewed June 2026. Values as reported at announcement.
Cybersecurity M&A value reached roughly 96 billion dollars across more than 400 deals in 2025. The driver is platformization, as larger vendors absorb point solutions to offer integrated security, and private equity assembles platforms of its own.
For the firm’s deeper analysis, see the related Windsor Drake Insight Report and our cybersecurity M&A advisory practice.
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