Q2 2025 Cyber Security update: Why cyber security is no longer just a back-office issue, but a growing priority in the boardroom

Demand for Cyber Security services remains higher than ever.
Headline-grabbing cyber-attacks this quarter have sparked a greater focus on cyber security and building appropriate defences. Following recent attacks on major UK retailers including M&S and Harrods - and with new legislation putting company directors firmly on the hook for cyber risk - demand for cyber security services remains higher than ever. Deal volumes are higher than we’ve seen historically and Q2 saw a rise in smaller, strategic acquisitions, with PE-backed platforms continuing to drive consolidation.
Our outlook for the sector remains positive with resilient demand expected to continue – or even accelerate with increasing geopolitical uncertainty, plus a greater focus on regulatory drivers.
Ultimately, we think these macro tailwinds will eventually translate into higher M&A volumes in Q3, as we continue to see strong appetite from both strategic trade buyers and financial buyers.