From Nasdaq: 2024-05-14 10:06:00

Technology companies are investing in modernized cloud security and compliance solutions to combat cyberattacks. These solutions leverage AI and machine learning to protect data in hybrid, multi-cloud environments. Mergers and acquisitions in the cybersecurity sector are on the rise, with notable transactions including Cisco acquiring Splunk for $28 billion, IBM acquiring HashiCorp for $6.4 billion, and Hewlett Packard Enterprise acquiring Juniper Networks for $14 billion. These strategic moves aim to strengthen cybersecurity capabilities and offer innovative solutions for enterprises navigating complex digital ecosystems.



Read more at Nasdaq: 3 Tech Acquisitions YTD Likely to Reshape Sector Dynamics