The cybersecurity-vendor sector is set to trim some of its fat in 2020, venture-capital executives say, and companies that weave sophisticated technologies such as artificial intelligence into their products are the ones likely to succeed.
A number of high-profile acquisitions in 2019 presage further consolidation in 2020, they say. Among the banner deals last year were VMware Inc.’s acquisition of Carbon Black for $2.3 billion, announced in August, and Broadcom Inc.’s $10.7 billion deal to buy Symantec Corp.’s enterprise security business.
“I think we’re just seeing the beginnings of more consolidation in cybersecurity. The space is too crowded,” said Rama Sekhar, a partner at Norwest Venture Partners, based in Palo Alto, Calif.
https://www.wsj.com/articles/ai-offers-an-edge-as-cybersecurity-sector-consolidates-11577961001
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