Securonix, a developer of a security analytics and operations management platform, is considering acquisitions that would expand its capabilities in fields such as detection, response to, and prevention of cyberattacks, CEO Nayaki Nayyar said.

Securonix’s priority is to scale its business organically, but M&A deals could help to expand its technology portfolio and grow its top line, she added.

There are a lot of opportunities on the market at the moment, and Securonix, with the support of its investors, is always looking for interesting targets, she said. She did not disclose additional details but said that a deal could happen in the next 12 to 18 months.

Addison, Texas-headquartered Securonix does not have a specific budget for acquisitions and potential deals will be financed with its own resources and the support of its existing investors, the CEO said. It is considering mid-sized businesses, she added.

The 600-person company generates undisclosed revenues, and it has been profitable since last year, Nayyar said.

To date, Securonix has grown organically. Nayyar, who was appointed CEO in December 2022, said she has M&A experience. “In my prior company at Ivanti, we acquired MobileIron and Cherwell. Before that at SAP, we acquired SuccessFactors and many other cloud companies,” she said.

She declined to provide information on the company’s next financing steps or on a potential IPO.

In February 2022, Securonix received a more than USD 1bn growth investment in a round led by Vista Equity Partners. In April of the same year, Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures announced they had joined the USD 1bn round. Vista Equity Partners is Securonix’s largest shareholder, the CEO said.

The company’s Security Information and Event Management (SIEM) platform provides threat detection, investigation and response. Its customers include 40% of the Fortune 500 firms, the CEO said. Expansion in Europe and the Middle East is also part of its growth strategy, she added.