While the COVID-19 pandemic induced a global macroeconomic downturn, it also boosted enterprise demand for cybersecurity solutions to help deal with the sudden shift to remote work and increased threats from phishing and fraud. These conditions made it ripe for cybersecurity firms to go on an acquisition spree in 2020; recent high-profile cyberattacks such as that suffered by SolarWinds continue to fuel investment. This report summarizes key trends and findings from more than 120 publicly announced cybersecurity acquisitions in 2020.