What can we infer from deal flow?

The selected transactions show activity across cloud security, identity, industrial security, testing and managed operations. They do not establish the number or aggregate value of all cybersecurity deals, a representative valuation multiple or an inevitable industry structure.

Procurement inference: ownership changes justify a concrete continuity review. Ask about support ownership, product end-of-life, new subprocessors, data-location changes, licensing bundles and portability. An announced integration is not proof of interoperability in the buyer's current environment.

Avoid double counting related transactions or summing valuations with purchase prices. Do not use the selected examples as a transaction-volume series; the sample was curated for buyer relevance.