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A printed circuit board. Photo: Anton Novoderezhkin/TASS via Getty Images

Cybersecurity startup exits will most likely come in the form of mergers and acquisitions, rather than initial public offerings, according to a report from SharesPost, a private share exchange for startup investors.

What to watch: The top acquirers of cybersecurity firms will likely be big tech companies like Symantec, Cisco, Microsoft, and Raytheon, which have been snatching up cybersecurity startups lately.

What's happening:

  • Symantec has recently acquired Skycure, Fireglass and Lifelock
  • Cisco just this month announced its intent to acquire Duo Security and acquired Observable Networks last year
  • Microsoft acquired Hexadite last year
  • A division of Raytheon acquired RedOwl last year.

Trend: Israel-based firms are hot commodities, as U.S. tech companies want to absorb their cybersecurity acumen.

Other big buyers: IBM, EMC, McAfee, Trustwave Holdings, Google, Blackberry, and Universal Protection Service.

The money: The pace of spending on cybersecurity firms could shoot past IT spending to create a $165 billion market in 2023, per SharesPost. That market is at $95 billion today.

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.