Insights | Clipperton

Clipperton releases today its Cybersecurity Market Monitor 2024. In the context of this research paper, we analyze the valuation landscape in the cybersecurity space, focusing on software vendors and European transactions.

Cybersecurity Software: A Resilient Sector in 2024

Cybersecurity software stocks have demonstrated strong resilience this year, outperforming other software verticals despite slightly trailing the NASDAQ, which continues to benefit from the Gen-AI boom. The Clipperton Cybersecurity Software Index shows an impressive +26% annual performance, with top-tier players – those balancing growth and profitability – leading the charge.

In private markets, strategic M&A activity is heating up, driven by major corporates seeking to secure their core businesses. Notable deals include MasterCard’s acquisition of Recorded Future and Salesforce’s purchase of Own. Meanwhile, PE funds are actively investing in both cybersecurity software and services, taking undervalued public assets private and expanding MDR (Managed Detection & Response) platforms through acquisitions.

Download and read our full analysis below for deeper insights into key trends shaping the cybersecurity investment landscape.

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Authors: feel free to reach out to discuss these insights:

Thibaut Revel, Managing Partner
Dr. Nikolas Westphal, Managing Partner
Olivier Combaudou, Partner
Lucas Pingard, Vice President
Pierre Pinsault, Analyst

Clipperton’s selected track record in Cybersecurity