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April 14, 2023
Maybe the most exciting deal last month focused on the power of celebrity. When T-Mobile acquired Ka’ena Corp., it brought over Mint Mobile. Actor and heartthrob Ryan Reynolds owns approximately 25% of Mint Mobile and has served as the company’s spokesperson. As a result, interest in the T-Mobile deal skyrocketed.
As you’ll see in our slideshow above, cybersecurity transactions may not have the cache of Hollywood royalty, but they were prominent last month. ScalePad demonstrated that it prioritizes governance, risk and compliance when it bought ControlMap. The transition further delivers a “unified and integrated solution set for MSPs looking to drive growth and manage risk,” according to ScalePad’s CEO Dan Wensley.
Not to be left out of the security race, Cisco is buying Israel-based Lightspin Technologies for nearly $250 million. The company offers end-to-end security posture management (CSPM) across cloud-native resources. It’s just one way Cisco is continually investing in cloud security.
And that’s the gist for M&A. If you didn’t catch our previous edition, you can find it here. See you next month.
Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.
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