Tracked deals
21
21 tracked deals across 2009-2026.
Cybersecurity Buyers & Acquisitions in Illinois
Buyer mix
Strategic-led
20 strategic · 5 pe
Top trend
Volume peaked in 2024
7 tracked deals announced in 2024.
Primary Insight
What Stands Out
- Recurring buyer themes include managed security services, incident response, and expanding delivery for regulated enterprise customers.
- Platform and tooling deals include OT visibility/compliance ( Dragos Inc. + Network Perception ) and compliance automation via SDLC/infrastructure-as-code ( Drata + oak9 ).
- Compliance and security assessment expands through offensive testing and GRC ( Cyber Advisors + BAI Security ).
- Several acquisitions involve Illinois-based operators or Illinois locations, reinforcing a Midwest clustering effect for cybersecurity services and technology.
- A notable MDR/MSS focus appears in the LevelBlue and MC² Security Fund–backed transitions involving Trustwave.
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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 |
|---|---|---|---|
| Cyber Advisors | 2 | Nationwide IT solutions provider offering managed IT, man... | Strategic (PE-backed) |
| Sysnet Global Solutions | 2 | Provider of payment card industry, cybersecurity and comp... | Strategic (PE-backed) |
| The Chertoff Group | 2 | Security advisory and growth advisory firm providing stra... | Strategic |
| Trustwave | 2 | Provider of information security and compliance solutions... | Strategic |
| ASSA ABLOY | 1 | Global access solutions company operating across door ope... | Strategic |
| Abacus Group | 1 | Global managed IT and cybersecurity service provider focu... | Strategic (PE-backed) |
| Accel-KKR | 1 | Technology-focused private equity firm investing in softw... | PE |
| Dragos Inc. | 1 | Provider of OT cybersecurity platform offering threat det... | Strategic |
| Drata | 1 | Compliance automation platform that provides continuous c... | Strategic |
| Goldner Hawn | 1 | Lower-middle-market private equity firm that partners wit... | PE |
Acquisition Volume in Cybersecurity in Illinois by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
March 3, 2026
- Buyer
- ASSA ABLOY
- Target
- Sennco Solutions
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
ASSA ABLOY has acquired Sennco Solutions, a U.S. provider of asset protection technology and retail security solutions focused primarily on the health and beauty segment. The acquisition is intended to reinforce ASSA ABLOY’s Retail offering within its Global Solutions business area by adding complementary anti-theft capabilities and growth opportunities.
-
August 19, 2025
- Buyer
- LevelBlue, The Chertoff Group
- Target
- Trustwave
- Seller
- MC2 Security Fund (MC2)
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
LevelBlue has signed a definitive agreement to acquire Trustwave, a provider of cybersecurity and managed detection and response (MDR) services, from MC2 Security Fund (MC2), a PE fund sponsored by The Chertoff Group. The deal will combine LevelBlue’s AI-driven managed security services with Trustwave’s Fusion platform, SpiderLabs threat intelligence, and FedRAMP/StateRAMP authorizations, positioning LevelBlue as the largest pure-play managed security services provider.
-
June 18, 2025
- Buyer
- Abacus Group
- Target
- Entara
- Seller
- Linda Maclachlan (Founder and Owner of Entara)
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Abacus Group, a global managed IT and cybersecurity provider, has acquired Entara, a Chicago-based managed services and managed security provider known for incident response and AI-enabled ServiceNow capabilities. The acquisition expands Abacus Group's cybersecurity and professional services offerings, strengthening its ability to serve financial services and other highly regulated enterprise clients.
-
March 3, 2025
- Buyer
- Riverside Research
- Target
- Cog Systems
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Riverside Research, a U.S. national security nonprofit, has acquired Cog Systems, a developer of secure virtualization and cryptographic solutions for mobile and IoT devices. The acquisition strengthens Riverside Research's cyber resilience and hardware-backed secure-computing capabilities to accelerate delivery of defense-grade, end-to-end security solutions for government and mission-critical customers.
-
January 1, 2025
- Buyer
- TransUnion
- Target
- RealNetworks mobile division
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
TransUnion has completed its previously announced acquisition of the mobile division of RealNetworks. The deal is intended to strengthen TransUnion’s communications fraud defenses by expanding voice solutions into messaging and analytics using AI/ML and real-time processing.
-
November 1, 2024
- Buyer
- Cyber Advisors
- Target
- eDot
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Addon
Cyber Advisors, a PE-backed cybersecurity and technology services provider, acquired eDot, a managed service provider (MSSP) serving small and mid-sized businesses. The acquisition is intended to expand Cyber Advisors’ Midwest footprint and deepen managed IT and managed security capabilities.
-
October 1, 2024
- Buyer
- Dragos Inc.
- Target
- Network Perception
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Dragos Inc. has acquired Network Perception, maker of the NP-View OT network visualization and compliance platform, to integrate advanced network visibility, segmentation, and compliance analysis into the Dragos Platform. The acquisition expands Dragos's OT security capabilities—helping customers map real and potential network connections, validate segmentation, and streamline compliance for sectors such as energy, utilities, oil & gas, and manufacturing.
-
- Buyer
- Cyber Advisors, Goldner Hawn
- Target
- BAI Security, Inc.
- Seller
- Michael Bruck, Dr. Michele Bruck
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Addon
Cyber Advisors, a Goldner Hawn-backed IT solutions and managed services provider, has acquired BAI Security, a Lincolnshire, Illinois–based offensive cybersecurity testing and GRC firm. The deal, which closed July 10, 2024, positions Cyber Advisors to expand its security assessment, red team and compliance capabilities while BAI Security's founders retain minority ownership and will serve as strategic advisors.
-
- Buyer
- Drata
- Target
- oak9
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Drata, a San Diego-based compliance automation platform, has acquired oak9, a Chicago-based cloud-native security company specializing in infrastructure-as-code security. The acquisition brings oak9's pre-built tests and SDLC integrations into Drata's platform to enable "Compliance as Code," allowing DevSecOps and GRC teams to identify and remediate compliance issues earlier in the software development lifecycle.
-
January 16, 2024
- Buyer
- Accel-KKR
- Target
- Accertify
- Seller
- American Express
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Accel-KKR agreed to acquire Accertify from American Express in a carveout transaction, creating Accertify as an independent company post-close. Accertify provides fraud prevention, chargeback management, account protection, and payment gateway solutions for enterprise customers, and the deal is intended to accelerate growth and product innovation.
-
January 5, 2024
- Buyer
- MC² Security Fund, The Chertoff Group
- Target
- Trustwave
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
The MC² Security Fund, an affiliate of The Chertoff Group, has completed its acquisition of Trustwave, a global leader in managed detection and response and managed security services. The deal pairs Trustwave's MDR, MSS and threat-intelligence capabilities with MC² and The Chertoff Group's security advisory and industry relationships to accelerate Trustwave's growth and extend its reach across commercial and public sector markets.
-
November 16, 2023
- Buyer
- Yuengling's Ice Cream Corporation
- Target
- ReachOut Technology
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Yuengling's Ice Cream Corporation (OTC: YCRM) announced the acquisition of ReachOut Technology, a managed service provider focused on cybersecurity and IT services. As part of the transaction Rick Jordan will assume the role of President & CEO and join the board of Yuengling's, while outgoing executives will assist with the transition.
-
November 6, 2023
- Buyer
- Rockwell Automation
- Target
- Verve Industrial Protection
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Rockwell Automation completed its acquisition of Verve Industrial Protection to expand its industrial cybersecurity offerings, integrating Verve's Verve Security Center into Rockwell's Lifecycle Services. The deal brings vendor-agnostic OT asset inventory and vulnerability management capabilities to Rockwell's customers and will be showcased at Rockwell's Automation Fair.
-
April 26, 2023
- Buyer
- MajorKey Technologies, The Acacia Group
- Target
- Legion Star
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Addon
MajorKey Technologies, backed by The Acacia Group, has acquired Chicago-based identity and cloud security firm Legion Star. The deal adds roughly 40 identity and cloud security specialists to MajorKey, expanding its identity governance, access management, and cloud security capabilities and positioning the combined business as a leading pure-play identity security provider.
-
March 1, 2023
- Buyer
- Rocket Software, Inc.
- Target
- Key Resources, Inc. (KRI)
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Rocket Software, a Boston-area enterprise software company, has acquired Key Resources, Inc. (KRI), a mainframe security and vulnerability identification specialist founded in 1988. The acquisition expands Rocket's mainframe security capabilities and adds KRI's products and consulting expertise to Rocket's portfolio to help customers address mainframe security, compliance, and hybrid-cloud modernization needs.
-
December 8, 2020
- Buyer
- Sysnet Global Solutions
- Target
- Viking Cloud
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Sysnet Global Solutions has acquired Viking Cloud to enhance its cloud security platform, broaden its compliance and threat-detection capabilities, and accelerate enterprise market expansion. The deal combines Viking Cloud's next-generation asset, event and compliance management technology with Sysnet's payment security and compliance services; Viking Cloud CEO Robert McCullen will become Executive Chairman of Sysnet.
-
October 24, 2020
- Buyer
- Sysnet Global Solutions
- Target
- SecureTrust, Portion of Trustwave MSS business (hospitality)
- Seller
- Trustwave
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Divestiture
Sysnet Global Solutions has acquired SecureTrust, a division of Trustwave, and purchased a portion of Trustwave’s MSS business focused on the hospitality sector. The deal expands Sysnet’s PCI-compliance, QSA and managed security capabilities and geographic coverage, creating the world’s largest Qualified Security Assessor (QSA) organization; Sysnet is backed by FTV Capital and True Wind Capital.
-
July 30, 2020
- Buyer
- Mimecast Limited
- Target
- eTorch Inc. (d/b/a MessageControl)
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Mimecast Limited acquired eTorch Inc., d/b/a MessageControl, a messaging security provider that uses machine learning to detect anomalous email behavior and stop social-engineering attacks. The acquisition strengthens Mimecast's Email Security 3.0 strategy by adding real-time contextual warnings, misaddressed-email prevention and ML-based user-graph detection to its Microsoft 365 and email protection offerings.
-
April 17, 2020
- Buyer
- MVB Financial Corp., MVB Bank, Inc.
- Target
- Paladin, LLC
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
MVB Financial Corp. (through a wholly-owned subsidiary of MVB Bank) has acquired Paladin, LLC, a fraud prevention and consulting firm. The acquisition strengthens MVB's fintech vertical and expands its fraud-prevention capabilities and services for merchants, credit agencies and fintech clients.
-
March 3, 2010
- Buyer
- Trustwave
- Target
- Intellitactics
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Trustwave has acquired Intellitactics, a provider of Security Information and Event Management (SIEM) technology, with deal terms remaining confidential. Trustwave said it will integrate Intellitactics' SIEM capabilities into its data protection architecture to broaden its security and compliance offerings across enterprise, government and SMB customers.
-
February 17, 2009
- Buyer
- Trustwave
- Target
- Mirage Networks
- Industry
- Cybersecurity
- Location
- Illinois, United States
- Type
- Buyout
Trustwave has acquired Mirage Networks, a developer of patented Network Access Control (NAC) technology, to integrate Mirage's endpoint compliance and behavioral policy enforcement into Trustwave's managed security services. Financial terms were not disclosed; the acquisition expands Trustwave's managed security and NAC capabilities for enterprise customers.
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Frequently Asked Questions
Which cybersecurity subsectors show up most in Illinois acquisitions?
The page shows recurring activity in managed detection and response (MDR/MSS), managed IT/security services, offensive cybersecurity testing and GRC, and security/compliance software for SDLC, cloud, and OT environments.
Are there acquisitions focused on compliance technology in Illinois?
Yes. Examples include Drata acquiring oak9 for “Compliance as Code” and Dragos Inc. acquiring Network Perception to support compliance analysis alongside OT network visualization and segmentation.
Do the deals include managed security providers and incident response capabilities?
Many do. For instance, LevelBlue acquiring Trustwave is positioned around MDR and managed security services, and Abacus Group acquiring Entara highlights incident response and AI-enabled capabilities.
Do buyers in Illinois cybersecurity acquisitions include both strategic and PE-backed firms?
Yes. The page features strategic buyers (e.g., TransUnion, Dragos Inc., Riverside Research) alongside PE-backed or sponsored entities such as MC² Security Fund and The Chertoff Group affiliates in transactions involving Trustwave.
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