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Tech-Enabled Services

Q4 2025

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. 

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c2VtcGxpY2l0YXBybzo3MDA=

Trends Driving M&A for Cybersecurity

Report Summary

CLA 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
  • CLA Meridian Capital Technology Investment Banking Overview

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