More Private Equity, Strategic Acquisition Ahead
The M&A environment continues to be driven by both private equity firms as well as strategic firms Sheth said.
“In Q4 of 2022, you had Vista Equity Partners on the one hand, who did a fairly significant transaction when they bought KnowBe4,” he said. “On the other hand, you have Palo Alto Networks which did a pretty significant acquisition [Cider Security]. I think the opportunity for strategic vendors to acquire other companies will continue to remain strong. But the private equity folks do have the capital. So we can expect both private equity firms to be active, as well as the strategics to be active in the M&A environment in 2023. And it will be active, I believe.”
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