Tracked deals
59
59 tracked deals across 2009-2026.
Who's Buying Cybersecurity Companies in Canada
Buyer mix
Strategic-led
52 strategic · 13 pe
Top trend
Volume peaked in 2026
15 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Deal themes include GRC assurance, cybersecurity advisory/virtual CISO, AI-native application security, and intelligence-led security.
- Buyers frequently seek operational or technical “adjacencies,” such as adding SOC/ISO assurance capabilities (Axiom GRC + MHM) or enhancing access controls (Tailscale + Border0).
- Geographic activity appears across Alberta, Ontario, Quebec, and Nova Scotia, indicating nationwide sourcing rather than province-specific concentration.
- Several transactions emphasize platform expansion: Varonis into AI Trust/Risk/Security Management (AI TRiSM) via AllTrue.ai, and Oriso strengthening Canada-hosted cybersecurity delivery by acquiring Vullify.
- Some deals include more complex structures (e.g., cash/notes/shares in the SOL Strategies + HoudiniSwap transaction), while others describe closure subject to customary approvals.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| HelpSystems | 2 | Software company offering cybersecurity and IT automation... | Strategic (PE-backed) |
| Kroll | 2 | Provider of data, technology and expert-led insights for ... | Strategic |
| 1Password | 1 | Identity security platform provider focused on unified cr... | Strategic |
| AYCE Capital | 1 | Acquires small to medium-sized MSPs and provides capital,... | PE |
| Above Security | 1 | Global IT security service provider and Managed Security ... | Strategic |
| Accenture | 1 | Global professional services firm delivering consulting, ... | Strategic |
| ActZero | 1 | AI-driven cybersecurity firm offering managed detection a... | Strategic |
| Apax Partners | 1 | Global private equity advisory firm investing across Tech... | PE |
| Applus+ | 1 | Global testing, inspection and certification company prov... | Strategic |
| Atairos | 1 | Independent private investment firm providing patient cap... | Investor |
Acquisition Volume in Cybersecurity in Canada by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
June 29, 2026
- Buyer
- Redwood AI
- Target
- Quantum.IQ Technologies
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Buyout
Redwood AI entered into a share purchase agreement to acquire Quantum.IQ Technologies, a Vancouver-based AI-driven quantum cybersecurity company focused on post-quantum cryptography and enterprise security infrastructure modernization. The deal is expected to expand Redwood’s AI and security technology platform into quantum-resistant cybersecurity, with consideration paid via up to 14,033,558 Redwood shares (base and milestone shares) and subject to customary closing conditions and approvals.
-
June 15, 2026
- Buyer
- 1Password
- Target
- Apono
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
1Password announced that it has acquired Apono, a provider of just-in-time access governance technology for humans, machines, and AI agents. The acquisition extends 1Password’s Unified Access platform to govern what identities can do at runtime—granting access when needed, scoping it to tasks, monitoring actions, and automatically revoking privileges when work is complete.
-
- Buyer
- Axiom GRC
- Target
- MHM
- Industry
- Cybersecurity
- Location
- Alberta, Canada
- Type
- Addon
Axiom GRC, an international governance, risk and compliance (GRC) platform, announced the acquisition of Calgary-based GRC assurance firm MHM as its first Canadian-based acquisition. The deal expands Axiom’s North American reach and adds MHM’s SOC/ISO assurance capabilities and client base to its existing U.S. presence, working alongside IS Partners.
-
May 12, 2026
- Buyer
- AYCE Capital
- Target
- Kernel Advisory
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Addon
AYCE Capital, a North American acquirer of managed service providers (MSPs), acquired Kernel Advisory, a Canadian cybersecurity advisory firm. The deal is intended to anchor a dedicated cybersecurity center of excellence that will serve AYCE’s MSP portfolio with capabilities including virtual CISO leadership, managed security operations, offensive security, and incident response.
-
May 6, 2026
- Buyer
- Boost Security
- Target
- SecureIQx, Korbit.ai
- Industry
- Cybersecurity
- Location
- Canada
- Type
- Addon
Boost Security announced the acquisitions of SecureIQx and Korbit.ai to expand its AI-native application security platform. The company also raised $4 million in additional funding from White Star Capital, Amiral Ventures, Accelia Capital, and Sorensen Capital to support continued product development and expansion.
-
SOL Strategies Acquires HoudiniSwap for $18 Million to Expand Solana Privacy and Cross-Chain RoutingMay 4, 2026
- Buyer
- SOL Strategies Inc.
- Target
- HoudiniSwap LLC
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
SOL Strategies Inc. entered into a definitive agreement to acquire non-custodial, privacy-focused cross-chain swap aggregator HoudiniSwap LLC for $18 million, payable in cash, notes, and shares. The deal is expected to close on or before May 29, 2026 and aims to diversify revenue by adding cross-chain liquidity/routing infrastructure to SOL Strategies’ Solana-focused business.
-
- Buyer
- TrustBIX Inc.
- Target
- Zen Cyber Ltd., xFacilitator Inc. (operating as WILDCARD MSP), DealRoom
- Industry
- Cybersecurity
- Location
- Alberta, Canada
- Type
- Buyout
TrustBIX Inc. entered into definitive share purchase agreements to acquire 100% of Zen Cyber Ltd. and 100% of xFacilitator Inc., which operates as WILDCARD MSP. The deals are structured as consideration units paid at closing and contingent milestone payouts, with closing subject to customary approvals including TSX Venture Exchange approval.
-
- Buyer
- Oriso
- Target
- Vullify
- Industry
- Cybersecurity
- Location
- Quebec, Canada
- Type
- Buyout
Quebec-based cloud provider Oriso acquired Vullify, a company focused on vulnerability management and attack surface monitoring. Financial terms were not disclosed, and Oriso said the acquisition will strengthen its ability to deliver comprehensive cybersecurity while keeping client data hosted in Canada.
-
- Buyer
- March Networks
- Target
- VIVOTEK's branded business (OBM)
- Seller
- Delta Electronics (as described via purchase of remaining VIVOTEK shares)
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
March Networks and VIVOTEK announced a merger of VIVOTEK’s branded business (OBM) with March Networks to create a broader, end-to-end AI video surveillance portfolio across cloud, hybrid, and on-premise environments. The deal is expected to close in mid-April, after Delta Electronics completes its purchase of the remaining VIVOTEK shares it does not already own.
-
March 17, 2026
- Buyer
- Tailscale
- Target
- Border0
- Industry
- Cybersecurity
- Location
- Canada
- Type
- Buyout
Tailscale, a Toronto-based corporate VPN provider, has purchased Border0, a Vancouver-based privileged access management (PAM) security platform. The acquisition adds deeper application-layer access controls and authorization (protocol-aware controls, session visibility, and approval workflows) to Tailscale’s existing PAM-style capabilities. Deal terms were not disclosed; Border0’s entire seven-person team is joining Tailscale, expanding its Vancouver engineering footprint.
-
February 10, 2026
- Buyer
- Vosker
- Target
- Reconeyez
- Industry
- Cybersecurity
- Location
- Quebec, Canada
- Type
- Buyout
Vosker announced the acquisition of Reconeyez, an AI-powered autonomous intelligent surveillance provider serving large enterprises and international government agencies. The deal is intended to accelerate Vosker’s global B2B channel strategy and expand its geographic and end-market presence, leveraging Reconeyez and its Defendec brand deployed in over 60 countries. Alongside the acquisition, Vosker also closed a US$200 million senior debt financing facility.
-
February 10, 2026
- Buyer
- Trust Science
- Target
- Lenders API
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Edmonton-based Trust Science acquired Toronto-based fraud prevention platform Lenders API to help lenders build an industry-wide defense against coordinated lending fraud. The deal closed last week and will be integrated into Trust Science’s AI-powered risk and decisioning infrastructure, while Lenders API’s consortium platform continues to support lenders collaboratively spotting fraud.
-
February 9, 2026
- Buyer
- Varonis
- Target
- AllTrue.ai
- Industry
- Cybersecurity
- Location
- Canada
- Type
- Buyout
Varonis agreed to acquire AllTrue.ai to expand its data security platform into AI Trust, Risk, and Security Management (AI TRiSM). AllTrue.ai provides visibility into AI assets and runtime guardrails, helping enterprises control and monitor how AI systems behave and access data.
-
February 8, 2026
- Buyer
- Securitas
- Target
- Liferaft (Social Navigator Inc., operating under the brand Liferaft)
- Industry
- Cybersecurity
- Location
- Nova Scotia, Canada
- Type
- Buyout
Securitas has acquired Liferaft, an open-source intelligence (OSINT) and threat-intelligence SaaS platform based in Halifax. The deal finalizes Liferaft’s integration into Securitas’ intelligence-led security offerings, expanding the platform’s reach to Securitas’ global customer base.
-
January 20, 2026
- Buyer
- Integrity360
- Target
- Advantus360
- Industry
- Cybersecurity
- Location
- Alberta, Canada
- Type
- Addon
Integrity360 has acquired Calgary-based cybersecurity services provider Advantus360 to establish the group’s first North American hub. The deal — terms undisclosed — gives Integrity360 an operating base in Canada and will be used to develop a Calgary Security Operations Centre and expand the group’s managed and professional cyber services across Canada and the US.
-
November 18, 2025
- Buyer
- Gentex Corporation
- Target
- BioConnect
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Gentex Corporation has acquired Toronto-based biometric authentication provider BioConnect and will integrate its enterprise-grade software into a newly formed Security & Access Control commercial division. The acquisition (terms not disclosed) expands Gentex's biometrics and identity-assurance capabilities and will be combined with its existing hardware assets such as EyeLock to pursue high-security enterprise and critical-infrastructure customers.
-
September 17, 2025
- Buyer
- SecurityScorecard
- Target
- HyperComply
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
SecurityScorecard has completed the acquisition of HyperComply, integrating HyperComply's AI-driven questionnaire automation and compliance management with SecurityScorecard's continuous security ratings and supply chain visibility. The combined offering aims to automate vendor security questionnaires, provide continuous supplier assurance across supply chains, and accelerate vendor onboarding while supporting global compliance mandates.
-
September 9, 2025
- Buyer
- Accenture
- Target
- IAMConcepts
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Accenture has acquired IAMConcepts, a privately held Canadian identity and access management (IAM) services company headquartered in Toronto. The deal is intended to strengthen Accenture’s ability to deliver advanced IAM solutions in Canada across critical infrastructure industries including financial services, power utilities, mining, and transportation.
-
- Buyer
- SDG
- Target
- Synergetika
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
SDG has acquired Synergetika, a Toronto-based Privileged Access Management (PAM) consultancy and systems integrator, to deepen its identity and access management delivery capabilities. The deal brings Synergetika’s specialized PAM advisory and implementation talent into SDG’s identity and access management practice; financial terms were not disclosed.
-
November 19, 2024
- Buyer
- Peoplesafe
- Target
- Trusty Ox Systems
- Seller
- Barry Larson (founder and CEO of Trusty Ox Systems)
- Industry
- Cybersecurity
- Location
- Canada
- Type
- Buyout
Peoplesafe, a UK-based lone worker safety technology provider, acquired Trusty Ox Systems in October 2023. Trusty Ox’s flagship product Ok Alone provides low-cost workforce safety monitoring and related services for duty-of-care and safety/compliance use cases.
-
November 4, 2024
- Buyer
- Compugen Inc.
- Target
- SynerSolutions Technologies Inc.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Compugen Inc., Canada’s largest privately owned technology provider, has acquired SynerSolutions Technologies Inc., a cybersecurity firm focused on defence and federal government work. The acquisition strengthens Compugen’s defence and security cybersecurity capabilities and allows SynerSolutions to scale its services nationally using Compugen’s resources.
-
August 19, 2024
- Buyer
- CyberGuard Advantage, Atlantic Street Capital
- Target
- Control Gap Inc.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Addon
CyberGuard Advantage, a provider of IT security risk and compliance services, has acquired Control Gap, a Canadian company focused on PCI compliance, cyber risk, and offensive security (ethical penetration testing). The deal is intended to expand CyberGuard Advantage’s PCI capabilities and increase its market presence in Canada.
-
July 30, 2024
- Buyer
- Exiger
- Target
- aDolus Technology Inc.
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Buyout
Exiger, a supply chain and third-party risk AI company, has acquired aDolus Technology Inc., a software supply chain risk visibility platform that generates SBOMs from binaries and analyzes firmware for provenance. The acquisition expands Exiger's Ion Channel platform to provide deeper visibility into firmware, OT and IoT software, strengthening capabilities for customers in energy, telecom, manufacturing and defense.
-
- Buyer
- Finite State, Inc.
- Target
- MergeBase
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Buyout
Finite State, a software risk management leader, has acquired MergeBase, a provider of software supply chain security and runtime SCA capabilities. The acquisition combines Finite State's binary-analysis strengths with MergeBase's source-code and runtime SCA to deliver end-to-end application security across the software development lifecycle.
-
April 12, 2024
- Buyer
- Cyderes
- Target
- Ipseity Security
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Cyderes has acquired Ipseity Security, a Toronto-based identity and access management (IAM) specialist; financial terms were not disclosed. The deal expands Cyderes' IAM capabilities and global engineering bench, combining Ipseity's team with Cyderes' existing IAM practice to deliver expanded cloud identity, access governance, and privileged access management services.
-
November 28, 2023
- Buyer
- Jot Digital, Inc.
- Target
- Keep Secure
- Industry
- Cybersecurity
- Location
- Alberta, Canada
- Type
- Buyout
Calgary-based Jot Digital has acquired Keep Secure, a technology firm specializing in cloud infrastructure and cybersecurity. The acquisition strengthens Jot Digital’s security and cloud capabilities, enabling expanded service offerings and accelerated innovation for its clients.
-
- Buyer
- WELL Health Technologies Corp., Cycura (WELL Health's Cybersecurity Business Unit)
- Target
- Seekintoo Ltd., Proack Security Inc.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Addon
WELL Health Technologies’ cybersecurity unit Cycura completed tuck-in acquisitions of Seekintoo Ltd. and Proack Security Inc. to expand its managed detection, SOC and offensive security capabilities. The deals strengthen Cycura’s ability to protect patient health information and bolster its services across healthcare, government and enterprise customers in North America.
-
April 25, 2023
- Buyer
- Thrive
- Target
- Storagepipe
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Thrive, a U.S.-based managed services provider, has acquired Storagepipe, a Toronto-based cloud, data protection and cybersecurity managed services firm. The deal expands Thrive’s international footprint—particularly in Canada’s financial-services hub of Toronto—and brings Storagepipe’s BaaS/DRaaS and Microsoft/Veeam-aligned capabilities into Thrive’s NextGen managed services portfolio.
-
April 13, 2023
- Buyer
- INSA Corp.
- Target
- Integra Data Systems Corp.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
INSA Corp., a Canadian IT network security reseller, has acquired Integra Data Systems Corp., a Greater Toronto Area technology solutions provider. Terms were not disclosed; the deal expands INSA's geographic footprint and technical capabilities across government, education and enterprise customers in Ontario.
-
- Buyer
- Thoma Bravo, Morpheus Purchaser Inc. (Purchaser)
- Target
- Magnet Forensics Inc.
- Seller
- Rolling Shareholders (including Jad Saliba, Adam Belsher, Jim Balsillie and affiliates)
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Thoma Bravo, through a newly formed purchaser Morpheus Purchaser Inc., has signed a definitive arrangement agreement to acquire Magnet Forensics Inc. in an all-cash transaction valuing the company at approximately CA$1.8 billion. The deal (CA$44.25 per SV share for most holders) will take Magnet private and Thoma Bravo intends to combine Magnet with Grayshift to create an end-to-end digital investigations platform; certain founders/major shareholders will rollover a portion of their equity.
-
November 2, 2022
- Buyer
- Applus+
- Target
- Lightship Security, Inc.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Applus+ has acquired Lightship Security, a North American cybersecurity testing and product‑certification laboratory based in Ottawa, Canada. The acquisition expands Applus+ Laboratories' product certification capabilities—adding North American accreditations and strengthening its global cybersecurity certification offering for connected products and critical sectors.
-
October 4, 2022
- Buyer
- Edison Partners
- Target
- Field Effect
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Growth capital
Edison Partners led a $30 million funding round in Ottawa-based cyber security company Field Effect, contributing $20 million with other strategic investors providing the remaining $10 million. The growth capital will be used to scale sales and marketing (with a focus on channel and brand), accelerate product and service development, and expand commercial operations including e-commerce.
-
September 13, 2022
- Buyer
- Volaris Group, Constellation Software Inc.
- Target
- Hitachi ID Systems, Inc. (renamed Bravura Security)
- Industry
- Cybersecurity
- Location
- Alberta, Canada
- Type
- Buyout
Volaris Group has acquired Hitachi ID Systems, Inc., which will operate as Bravura Security and continue to deliver identity, privileged access, password and passwordless management solutions. The acquisition gives Volaris a foothold in the identity and privileged access management market and supports its strategy to build a broader cybersecurity portfolio.
-
August 4, 2022
- Buyer
- Flashpoint
- Target
- Echosec Systems
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Buyout
Flashpoint has acquired Victoria, British Columbia–based Echosec Systems to expand its open-source intelligence (OSINT) and geospatial/social media capabilities. The deal integrates Echosec's social media collections and geospatial insights into Flashpoint's intelligence platform to enhance offerings for national security, public safety, and commercial security teams.
-
- Buyer
- Audax Private Equity
- Target
- BlueCat Networks
- Seller
- Madison Dearborn Partners, LLC
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Audax Private Equity has entered into a definitive agreement to make a strategic growth investment in BlueCat Networks, acquiring a controlling stake. Financial terms were not disclosed; Madison Dearborn Partners will fully realize its investment. Audax plans to use its Buy & Build strategy to expand BlueCat’s offerings and accelerate growth.
-
June 2, 2022
- Buyer
- lowRISC C.I.C.
- Target
- NewAE Technology, Inc.
- Industry
- Cybersecurity
- Location
- Nova Scotia, Canada
- Type
- Buyout
lowRISC C.I.C., the open-source silicon design organization behind the OpenTitan project, has acquired NewAE Technology, Inc., maker of the ChipWhisperer hardware security analysis toolchain. The acquisition brings NewAE's side-channel power analysis and fault-injection tools into the OpenTitan ecosystem to strengthen silicon root-of-trust security testing and open-source hardware hardening.
-
- Buyer
- Innominds
- Target
- Nymi
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Innominds has acquired Nymi, a Toronto-based provider of a passwordless connected worker platform and wearable authentication (the Nymi Band). Nymi will operate as a wholly owned, independent subsidiary out of Toronto; the company serves large enterprises across 15 countries, including major pharmaceutical, life sciences, healthcare, manufacturing and financial services customers.
-
April 8, 2022
- Buyer
- HelpSystems, Fortra
- Target
- Terranova Security
- Industry
- Cybersecurity
- Location
- Quebec, Canada
- Type
- Buyout
HelpSystems (now rebranded as Fortra) has acquired Terranova Security, a global provider of phishing simulation and security awareness training available in 40+ languages. The acquisition adds localized employee security training and phishing simulation capabilities to HelpSystems/Fortra's cybersecurity suite to better complement its email security offerings and broaden its security training capabilities globally.
-
March 30, 2022
- Buyer
- Kroll
- Target
- Resolver
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Kroll has acquired Resolver, a provider of cloud-based Risk Intelligence software, to expand its suite of risk, governance and security technologies. Resolver CEO Will Anderson will join Kroll’s digital services leadership team as the companies integrate Resolver’s Risk Intelligence platform with Kroll’s expert-led risk and governance services to build an end-to-end risk platform.
-
March 24, 2022
- Buyer
- Avast
- Target
- SecureKey Technologies
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Avast has agreed to acquire SecureKey Technologies, a Canada-based provider of digital identity and authentication solutions, to expand its Identity product and services portfolio. The acquisition (terms undisclosed) will bring SecureKey's products such as Verified.Me and Government Sign-In into Avast's digital trust offerings; the deal was expected to close in early April 2022.
-
December 15, 2021
- Buyer
- Kroll
- Target
- Security Compass Advisory
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Kroll has acquired Security Compass Advisory, a Canada-headquartered cybersecurity consulting firm, to expand its red team, penetration testing and cloud security capabilities. Key Security Compass Advisory leaders will join Kroll's cyber risk practice, and the deal strengthens Kroll's managed security and assessment offerings across North America.
-
October 13, 2021
- Buyer
- Herjavec Group
- Target
- SEGMENTECH
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Herjavec Group, the global cybersecurity firm led by Robert Herjavec, has acquired SEGMENTECH, a North American cybersecurity services specialist focused on Identity and Privileged Access Management (IAM/PAM). The acquisition expands Herjavec Group's IAM and PAM capabilities and adds SEGMENTECH's CyberArk-focused implementation and DevSecOps expertise to its service offering.
-
September 21, 2021
- Buyer
- PwC Canada
- Target
- Avaleris Inc.
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
PwC Canada has acquired Avaleris Inc., an Ottawa-based specialist in Microsoft identity, security and cloud services. The acquisition brings over 30 cybersecurity professionals and expands PwC Canada’s Microsoft-focused cybersecurity and cloud capabilities to better serve enterprise and government clients.
-
September 21, 2021
- Buyer
- OneTrust
- Target
- Tugboat Logic
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Buyout
OneTrust signed a definitive agreement to acquire Tugboat Logic, a security assurance and certification automation platform. The acquisition brings Tugboat Logic’s automated InfoSec certification capabilities, ~800 customers, and ~140 employees into OneTrust to expand its security assurance and GRC offering and accelerate global growth.
-
August 31, 2021
- Buyer
- Vistara Growth
- Target
- D3 Security
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Growth capital
Vistara Growth has provided D3 Security with $10 million in growth equity, supplemented by a $5 million credit facility, to accelerate product development, scale operations, and expand globally. As part of the investment, Vistara directors John O'Donoghue and Randy Garg will join D3 Security's board; D3 is a SOAR leader serving enterprises, MSSPs and MDR providers.
-
July 21, 2021
- Buyer
- CIVC Partners
- Target
- KeyData Associates
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Growth capital
CIVC Partners has made a growth equity investment in KeyData Associates to support the Toronto-headquartered identity security specialist’s expansion across adjacent cybersecurity services and to fund strategic add-on acquisitions. KeyData’s founder and CEO Rosa Caputo remains a significant stakeholder and will continue to lead the business as the firm scales its advisory, systems-integration and managed identity services across North America.
-
March 25, 2021
- Buyer
- Hornetsecurity Group, PSG, Verdane
- Target
- Zerospam
- Industry
- Cybersecurity
- Location
- Quebec, Canada
- Type
- Addon
Hornetsecurity Group has acquired Zerospam, a Montreal-based cloud email protection specialist, to accelerate its North American expansion and broaden its email security and compliance offerings. The transaction is supported by Hornetsecurity shareholders PSG and Verdane; financial terms were not disclosed.
-
- Buyer
- Blackstone Growth, Atairos
- Target
- GeoComply Solutions Inc.
- Industry
- Cybersecurity
- Location
- British Columbia, Canada
- Type
- Growth capital
GeoComply Solutions Inc., a Vancouver-based leader in geolocation and compliance technology, received a minority growth investment led by funds managed by Blackstone Growth and Atairos. The capital will support GeoComply's continued expansion in core markets and accelerate entry into new verticals such as broadcasting and financial services.
-
February 11, 2021
- Buyer
- Apax Partners
- Target
- Herjavec Group
- Industry
- Cybersecurity
- Location
- Ontario, Canada
- Type
- Buyout
Funds advised by Apax Partners signed a definitive agreement to acquire a majority stake in Herjavec Group, a global managed security services provider. Founder and CEO Robert Herjavec will remain a significant stakeholder and CEO; financial terms were not disclosed. Apax said it will support international expansion, add security and identity resources, and advance HG's proprietary platforms.
-
January 12, 2021
- Buyer
- Atos
- Target
- In Fidem
- Industry
- Cybersecurity
- Location
- Quebec, Canada
- Type
- Buyout
Atos has signed an agreement to acquire In Fidem, a Montreal-based cybersecurity consulting firm, to reinforce and expand its cybersecurity capabilities in North America. In Fidem, founded in 2005, brings a network of more than 100 specialists with expertise in cloud security, digital identity, risk management, security operations and digital forensics; the transaction was expected to close in Q1 2021.
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Frequently Asked Questions
What cybersecurity subsectors show up in these Canada acquisitions?
Common themes include GRC assurance, cybersecurity advisory and managed security operations, AI-native application security, privileged access management (PAM), vulnerability/attack surface monitoring, and OSINT/threat-intelligence platforms.
Which Canadian provinces are referenced most often in the listed deals?
Recent transactions reference Alberta, Ontario, Quebec, and Nova Scotia, alongside Canada-wide locations in a few announcements.
Do any acquisitions focus on expanding AI-related security capabilities?
Yes. Boost Security is expanding an AI-native application security platform, Varonis is moving into AI Trust/Risk/Security Management via AllTrue.ai, and Vosker is acquiring an AI-powered intelligent surveillance offering (Reconeyez).
Are deal terms always disclosed in these acquisitions?
Not always. Some announcements state terms or components (such as SOL Strategies paying in cash, notes, and shares), while others explicitly note that financial terms were not disclosed (e.g., Oriso + Vullify, Tailscale + Border0, Securitas + Liferaft).