TMCnet News
SharesPost: Cybersecurity to Grow to $165 Billion Market; Big Tech Will Continue to Acquire VC-Funded Start-UpsA record volume of venture capital being invested in cybersecurity firms has unleashed a wave of innovation that could result in mostly M&A liquidity events rather than initial public offerings over the next few years, according to a trio of new cybersecurity reports from SharesPost. "The cybersecurity industry is growing in complexity and scope to address the widening array of global threats," said Rohit Kulkarni, Managing Director and Head of Research of SharesPost, Inc. "The upshot is that the cybersecurity market could continue to see capital flow to fund new companies and innovation. At the same time, cyber spending could outpace IT spending, creating a $165 billion market in 2023 from $95 billion today." Among key findings of the report:
SharesPost is a FINRA-registered broker-dealer, SEC (News - Alert)-registered Alternative Trading System (ATS) and Registered Investment Advisor. SharesPost helped launch the secondary market for private tech companies in 2009 and has built one of the leading platforms for secondary transactions and digital securities. SharesPost provides the private tech asset class with a suite of trading and lending solutions to facilitate shareholder and option holder liquidity. With more than $4 billion in secondary market transactions in the shares of more than 200 leading technology companies, SharesPost provides the trading, research and online tools to transact in the private market with confidence. For more information, visit sharespost.com. Cautionary Note Regarding Forward-Looking Statements The matters described herein contain forward-looking statements. These statements include, but are not limited to, statements about research on late-stage, venture-backed companies. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond SharesPost's control. These factors include, but are not limited to, factors detailed in the white paper. We undertake no obligation to release any revisions to any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20180820005104/en/ |