Europe’s technology industry saw a flat growth in cybersecurity deal activity during December 2020, when compared with the last 12-month average, led by NortonLifeLock’s $360m acquisition of Avira Operations GmbHKG, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 22 technology industry cybersecurity deals worth $473.96m were announced for the region in December 2020, against the 12-month average of 22 deals.
Of all the deal types, venture financing saw most activity in December 2020 with 12 transactions, representing a 54.6% share for the region.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 36.4% and 9.1% share of the overall cybersecurity deal activity for the month.
In terms of value of cybersecurity deals, M&A was the leading category in Europe’s technology industry with $365.29m, while venture financing and private equity deals totalled $85.66m and $23m, respectively.
Europe technology industry cybersecurity deals in December 2020: Top deals
The top five technology cybersecurity deals accounted for 93.7% of the overall value during December 2020.
The combined value of the top five technology cybersecurity deals stood at $444.27m, against the overall value of $473.96m recorded for the month.
The top five technology industry cybersecurity deals of December 2020 tracked by GlobalData were:
1) NortonLifeLock’s $360m acquisition of Avira Operations GmbHKG
2) The $23.93m venture financing deal with EclecticIQ by ACE Management, Arches Capital, Capricorn Digital Growth Fund, INKEF Capital, Invest-NL, Keen Venture Partners, KPN Ventures and Quest for Growth
3) Alcur Fonder and Swedbank Robur’s $23m private equity deal with Outpost24
4) The $19.16m venture financing of NetGuardians by ACE &UK Ltd. and Pictet & Cie Group
5) The European Investment Bank’s venture financing of IDnow for $18.18m.