Security Sales & Integration February 2022 - 24

Industry Finance
Annual Security
Investing Analysis
for $138 million. AFA Protective Systems,
together with its subsidiaries, installs, operates,
maintains and sells protective systems
to safeguard life and property from various
hazards primarily in the eastern U.S.
▶ Fire Alarm Services was acquired by
Pye-Barker Fire & Safety for $55 million
in March 2021. Fire Alarm Services offers
fire protection, fire alarm installation, repair,
monitoring and testing services in the Colorado
area and continues to bolster Pye-Barker's
leading fire protection offerings.
software purchase in history. Proofpoint
operates as a SaaS provider, offering sophisticated
protection against advanced and targeted
cybersecurity threats, recently passing
$1 billion in annual revenue.
▶ CDW acquired Sirius Computer Solutions
for $2.5 billion, creating one of the largest
IT solutions organizations in the world. This
expands the reach of CDW and continues to
accelerate the solutions available to CDW's
expansive customer base.
A smart home
stock index,
compiled by SSI
sister publication
CE Pro, has now
risen for three
consecutive years.
The 2021 gain of
20% was preceded
by a 34.5% gain in
2020 and a 19%
increase in 2019.
▶ Allied Universal succeeded in its takeover bid
of G4S after about 79% of the London-based
security services provider's shareholders approved
the $5.28 billion transaction.
▶ FLIR Systems and Teledyne Technologies
jointly announced they had entered into a
definitive agreement under which Teledyne
would acquire FLIR in a cash and stock transaction
valued at approximately $8 billion.
▶ ASSA ABLOY acquired the Hardware and
Home Improvement (HHI) division of
Spectrum Brands for $4.3 billion. HHI has
a varied portfolio of products, including patented
SmartKey technology and electronic,
smart and biometric locks from brands such
as Kwikset, Baldwin, Weiser, Pfister and
National Hardware.
▶ Stanley Black & Decker signed a definitive
agreement to sell its systems integration
unit, Stanley Security, to Securitas AB for
$3.2 billion in cash.
▶ Evolv Technology and special-purpose acquisition
company (SPAC) NewHold Investment
Corp. entered into a $1.7 billion
definitive merger agreement in March to
make Evolv a publicly traded company.
Cybersecurity
▶ Thoma Bravo acquired Proofpoint for
$12.4 billion, representing the largest Cloud
24
Security Sales & Integration FEBRUARY 2022
▶ Peraton Corp., a leading provider of IT services
to federal government agencies, acquired
Perspecta for $6.8 billion through its financial
sponsor Veritas Capital. Given Perspecta's deep
knowledge and end to end technology service
offerings in the defense, intelligence and
civilian markets, the acquisition will increase
the depth of offerings as well as expand the
customer base outside the government sector.
▶ SentinelOne went public on the NYSE,
raising $1.2 billion and valuing the business
at $9 billion. SentinelOne is a provider of
AI-enabled prevention, detection, response
and hunting across endpoints, containers,
Cloud workloads and IoT devices in a single
autonomous XDR platform.
▶ Symphony Technology Group through
subsidiary McAfee Enterprises acquired the
product business of FireEye for $1.2 billion,
creating one of the largest pure-play enterprise
cybersecurity companies in the world. The
combined company will be focused on the
extended detection and response (XDR) and
secure access service edge (SASE) technologies.
▶ Francisco Partners acquired Forcepoint
from Raytheon for $1.1 billion. Forcepoint
offers a leading portfolio of cybersecurity
solutions that help enterprises worldwide
monitor and protect networks, endpoints,
data, and users. The company's behavior-based
solutions adapt to risk in real-time
and are delivered through a Cloud-native
security platform that protects network users
and Cloud access, prevents confidential data
from leaving the corporate network, and
eliminates breaches caused by insiders.
▶ IronNet went public via a special purpose
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Security Sales & Integration February 2022

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