Q1'17 was the most active quarter for deals to private cybersecurity companies over the last five years.
Global cyber attacks against business and governments including attacks like the recent “WannaCry” ransomware fiasco only seem to be getting wider in scope, and potentially more damaging. In tandem with the rising quantity and severity of attacks, investors are making more deals to back private cybersecurity companies than ever before, as companies and governments look to better secure their networks, data, and devices.
Investors backed more private cybersecurity companies in 2016 than any year since at least 2013. Likewise, deals in Q1’17 hit an all-time quarterly high, up 20% from the previous quarterly deal high.Read Complete Article