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November 2021

Cybersecurity & Security Services

Average trading multiples for public Cybersecurity leaders continued its unbelievable push this month to reach over 70x EV/EBITDA. Leading this run were Varonis Systems and Rapid7 who are both currently trading 160 times above their respective EBITDAs. With cybersecurity services and solutions at all-time demands, one can likely expect more all-time trading records and deal volume in 2022 and beyond.