Tech-Enabled Services
Q4 2025
Technology – Cybersecurity M&A Market Update, Q4 2025
Meridian Capital’s Technology Investment Banking team explores one of the fastest-growing sectors in the global economy, projected to surpass $560 billion by 2032. The report outlines how enterprises are adopting Zero Trust frameworks, AI-driven defense, and passwordless authentication as valuations and investor activity surge. With over 400 transactions totaling $75 billion in 2025, cybersecurity M&A is being fueled by private equity platforms, cloud consolidation, and strong recurring-revenue models. Public companies continue to outperform major indices, maintaining double-digit revenue growth and premium multiples. The update also features notable deals (such as Palo Alto Networks’ $23.5 billion acquisition of CyberArk) and detailed comparables across software and services.
Trends Driving M&A for Cybersecurity
Report Summary
Meridian Capital’s Technology Investment Banking team explores one of the fastest-growing sectors in the global economy, projected to surpass $560 billion by 2032. The report outlines how enterprises are adopting Zero Trust frameworks, AI-driven defense, and passwordless authentication as valuations and investor activity surge. With over 400 transactions totaling $75 billion in 2025, cybersecurity M&A is being fueled by private equity platforms, cloud consolidation, and strong recurring-revenue models. Public companies continue to outperform major indices, maintaining double-digit revenue growth and premium multiples. The update also features notable deals (such as Palo Alto Networks’ $23.5 billion acquisition of CyberArk) and detailed comparables across software and services.
Cybersecurity M&A TRENDS
Key Highlights
- Trends in Cybersecurity
- Cybersecurity Sector Valuation Environment
- Recent Cybersecurity Transaction Activity
- Meridian Capital Technology Investment Banking Overview
