Cybersecurity companies are very busy these days and some industry experts expect them to remain so in the near future. The recent uptick in cyberattacks, including the data hack of extramarital dating site Ashley Madison, is making companies tighten their web security and driving up demand for cybersecurity providers. Recent deals include the Chertoff Group partnering with the Carlyle Group (Nasdaq: CG) private equity firm to acquire Coalfire Systems Inc. Coalfire, founded in 2001, helps protect companies from data theft and security breaches. The New York-based company lists 3M Co. (NYSE: MMM), Amazon.com Inc. (Nasdaq:: AMZN) and IBM Corp. (NYSE: IBM) among clients.
The Chertoff Group is a business strategy and M&A advisory firm that focuses on the security and risk-management sector. The Washington, D.C.-based company was co-founded in 2009 by former U.S. Homeland Security Secretary Michael Chertoff. Chertoff principal and head of private equity David Leach spoke to Mergers & Acquisitions about the Coalfire investment and other trends in the cybersecurity space.