Dan Ives, a technology and media analyst at investment firm Wedbush Securities, said an increase in federal spending on cybersecurity platforms amid recent cyberattacks and a new executive order to strengthen the U.S. government’s cyber defenses could lead to an increase in mergers and acquisitions in the cybersecurity space, the Washington Business Journal reported Friday.

“We believe this will translate into larger M&A [buys] rather than tuck-ins,” Ives told the publication.

“We can see Booz Allen Hamilton Inc. as well as the defense players such as Lockheed Martin Corp., Raytheon Technologies Corp., and others acquire aggressively in this space. The federal cyber space is rapidly growing and software controls the ecosystem today,” he added.

Bob Kipps, co-founder and managing director of investment bank KippsDeSanto & Co. and a previous Wash100 awardee, also shared his insights on cybersecurity and the state of the government services M&A market.

“Cybersecurity now is a critical element typically woven into the development or modernization of almost all systems. IT modernization, including adding cloud migration, DevSecOps and cybersecurity capabilities via M&A, remains the top M&A area in the Government Services market per our annual M&A buyer survey,” said Kipps.

If you want to know more about the latest updates about the Cybersecurity Maturity Model Certification, then check out Potomac Officers Club’s CMMC Forum coming up on June 16. To register for this virtual forum and view other upcoming events, visit the POC Events page.