Cybersecurity Buyers & Acquisitions in Tennessee

Tracked deals

5

5 tracked deals across 2021-2026.

Buyer mix

Mixed buyer set

4 pe · 3 strategic

Top trend

Volume peaked in 2026

1 tracked deal announced in 2026.

Primary Insight

What Stands Out

  • Dragos acquired Phosphorus to expand from traditional OT security into the broader xOT landscape, emphasizing device discovery and automated remediation.
  • Magnet Forensics acquired V2 Forensics to add purpose-built drone/UAS forensics capabilities (via Disero) to its digital investigation platform.
  • Growth-oriented investors such as Sunstone Partners and platform/managed-service specialists (e.g., Silversmith Capital Partners, Health Velocity Capital) backed healthcare and defense-adjacent security expansion.
  • BlueVoyant acquired Conquest Cyber to integrate Conquest’s ARMED ATK SaaS risk-management technology into its internal and external cyber defense platform.
Buyer Deal focus (from summaries) Tennessee tie
Dragos OT → xOT device security Tennessee, United States
Magnet Forensics Digital investigations + drone/UAS forensics Tennessee, United States

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
BlueVoyant 1 Provider of cloud-native, outcomes-based cyber defense so... Strategic (PE-backed)
Health Velocity Capital 1 Healthcare-focused growth investor that backs software an... PE
Magnet Forensics 1 Developer of digital investigation software that acquires... Strategic
Nordic Consulting 1 Healthcare and health-IT consulting and managed services ... Strategic
Periscope Equity 1 Middle-market private equity firm focused on investments ... PE
Silversmith Capital Partners 1 Boston-based growth equity firm investing in technology a... PE
Sunstone Partners 1 Growth-oriented private equity firm investing in technolo... PE

Acquisition Volume in Cybersecurity in Tennessee by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Cybersecurity Buyers & Acquisitions in Tennessee. 1 2021 1 2022 1 2023 1 2025 ~2 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Magnet Forensics Acquires V2 Forensics
    April 21, 2026
    Buyer
    Magnet Forensics
    Target
    V2 Forensics
    Industry
    Cybersecurity
    Location
    Tennessee, United States
    Type
    Buyout

    Magnet Forensics has acquired V2 Forensics, a drone forensics company behind Disero, a digital forensics solution for unmanned aerial systems (UAS). The deal is intended to expand Magnet Forensics’ end-to-end digital investigation platform with purpose-built UAS/drone forensics capabilities.

  • Sunstone Partners Acquires Majority Stake in Clearwater
    September 30, 2025
    Buyer
    Sunstone Partners
    Target
    Clearwater
    Seller
    Altaris, LLC, other existing shareholders
    Industry
    Cybersecurity
    Location
    Tennessee, United States
    Type
    Buyout

    Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

  • BlueVoyant Acquires Conquest Cyber
    November 29, 2023
    Buyer
    BlueVoyant
    Target
    Conquest Cyber
    Industry
    Cybersecurity
    Location
    Tennessee, United States
    Type
    Buyout

    BlueVoyant has acquired Conquest Cyber and will integrate Conquest's ARMED ATK SaaS risk-management technology into BlueVoyant's internal and external cyber defense platform. The deal is supported by a Series E financing round of more than $140 million led by existing investor Liberty Strategic Capital and ISTARI to accelerate development of comprehensive managed detection, response, and cyber risk posture solutions for regulated and government customers.

  • Silversmith and Health Velocity Lead Majority Investment in Fortified Health Security
    December 15, 2022
    Buyer
    Silversmith Capital Partners, Health Velocity Capital, Nordic Consulting
    Target
    Fortified Health Security
    Industry
    Cybersecurity
    Location
    Tennessee, United States
    Type
    Buyout

    Fortified Health Security, a managed security service provider focused on healthcare, received a majority growth investment led by Silversmith Capital Partners and Health Velocity Capital with participation from Nordic Consulting. The capital will be used to accelerate Fortified's technology roadmap (including a unified cybersecurity platform), expand sales, and scale operations to better serve hospital systems and other healthcare providers.

  • Periscope Equity Recapitalizes CyberMaxx
    August 17, 2021
    Buyer
    Periscope Equity
    Target
    CyberMaxx, LLC
    Industry
    Cybersecurity
    Location
    Tennessee, United States
    Type
    Recapitalization

    Periscope Equity made a platform investment in CyberMaxx through a recapitalization in partnership with management. The investment will support CyberMaxx's growth initiatives — including product expansion, team development, and strategic acquisitions — as it continues to provide managed cybersecurity services focused on the healthcare industry.

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Frequently Asked Questions

What kinds of cybersecurity acquisitions are happening in Tennessee right now?

Recent Tennessee deals include OT/xOT security platform expansion, UAS/drone forensics capability adds, and acquisitions or investments that strengthen managed security and cyber risk-management offerings.

Which buyers show up more than once across these Tennessee transactions?

Several recurring names appear across the listed events, including Dragos, Magnet Forensics, Sunstone Partners, BlueVoyant, Silversmith Capital Partners, Health Velocity Capital, Nordic Consulting, and Periscope Equity.

How often is healthcare mentioned as an end market in these deals?

Healthcare is a prominent theme in multiple summaries—particularly in managed security and platform investments aimed at serving hospital systems and other healthcare providers.

Are there acquisitions that extend beyond traditional OT into broader device environments?

Yes. Dragos acquired Phosphorus to expand its platform from traditional OT environments into the broader Extended Operational Technology (xOT) landscape, including connected-device security capabilities.

Related Acquisition Pages

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