At what enterprise value was PHOSPHORUS acquired in 2026?

You can find the full valuation details of PHOSPHORUS on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PHOSPHORUS when it was acquired by DRAGOS?

The exact EV/EBITDA multiple for PHOSPHORUS is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was PHOSPHORUS acquired by DRAGOS?

PHOSPHORUS was acquired by DRAGOS in 2026.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PHOSPHORUS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PHOSPHORUS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.dragos.com/resource/press-release/dragos-acquires-phosphorus

← DATABASE

Home Database TMT (Tech, Media, Telecom)PHOSPHORUS

06/2026

PHOSPHORUS acquired by DRAGOS

UNITED STATES IT Services / Consulting & Integration / Cybersecurity Services REV 1m USD - 100m USD

Context

Dragos, a leading US-based OT cybersecurity specialist, has announced the acquisition of Phosphorus to expand its platform beyond traditional industrial systems and cover the entire extended operational technology (xOT) environment. The move aims to integrate Phosphorus' capabilities in managing connected devices into Dragos' existing offering, which is already focused on monitoring critical infrastructure. The combination brings together two complementary layers of cybersecurity: on one hand, the security of OT networks and architectures, and on the other, the protection of the millions of connected devices operating on these same infrastructures. Phosphorus will continue to operate with a phased integration approach, with its management team remaining at the helm of the business under Dragos' supervision. The goal is to provide a unified platform that offers asset visibility, vulnerability detection, and automated remediation at scale, in a context where industrial environments are becoming increasingly hybrid and distributed.

PHOSPHORUS, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Phosphorus is a US-based company specializing in cybersecurity for extended operational technology (xOT) environments, encompassing both traditional industrial control systems (OT) and the vast array of connected devices deployed in critical infrastructure. The company has developed a platform for discovering and managing connected assets, enabling the identification, securing, and monitoring of devices that often fall outside the visibility of traditional cybersecurity tools. Its technology is built around a continuous visibility approach to equipment, combined with automated remediation capabilities, including password management, certificate management, configuration management, and security updates. As a result, Phosphorus operates in complex environments such as industrial networks, energy sites, transportation infrastructure, and data centers, where the attack surface has expanded significantly with the proliferation of connected devices. Prior to the transaction, the company was backed by several international venture capital investors and had completed multiple successful funding rounds.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2026

2025

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2026	INVESTCORP	METRA	UNITED ARAB EMIRATES	IT Services	Investcorp has announced a strategic investment in Metra, as part of a transaction aimed at supporting the company's next phase of growth and its path towards a potential initial public offering (IPO)
05/2026	CINVEN	ONGOING WAREHOUSE	SWEDEN	IT Services	International private equity firm Cinven has agreed to make a significant investment in Ongoing Warehouse, a leading provider of cloud-native WMS solutions. The transaction represents a partnership, as the company's co-founders, Henrik Ekman and Gerhard Guron, along with CEO Fredrik Einarsson, will remain significant shareholders and continue to lead the business
05/2026	IREN	NOSTRUM GROUP	SPAIN	IT Services	The acquisition of Nostrum Group by IREN Limited is a strategic move that will enable the company to expand its footprint in Europe and add significant development, engineering, construction, and operations capability in support of its global AI Cloud Services strategy
05/2026	ISATIS CAPITAL	CAPTIVEA	FRANCE	IT Services	The deal involves Isatis Capital acquiring a 40% stake in Captivea, marking the software integrator's first opening of its capital to a financial investor. The transaction aims to reinforce Captivea's equity and allow for a partial cash-out for its founder, Sébastien Riss
04/2026	AGENCE DES PARTICIPATIONS DE L'ETAT (APE)	ATOS ADVANCED COMPUTING	FRANCE	IT Services	The French State submitted acquires 100% of Atos's Advanced Computing activities (carved out from the BDS division). The transaction is part of Atos's broader accelerated safeguard financial restructuring plan, approved by the commercial court on October 2024
04/2026	LEGAL & GENERAL L&G / BPIFRANCE	BLUE	FRANCE	IT Services	The acquisition of Blue by Legal & General Asset Management (L&G) represents a significant entry into the French sovereign cloud market for the British institutional manager’s digital infrastructure fund, LDIF
04/2026	TRUESEC GROUP	SUBSET	SWEDEN	IT Services	The international cybersecurity leader has successfully finalized the acquisition of 100% of the share capital of the target, a specialist in high-assurance software development. This strategic transaction represents a definitive move to incorporate "provably secure" engineering capabilities into the group’s broader service portfolio, targeting the rapidly growing European defense and critical infrastructure markets
04/2026	NORD HOLDING	VISIONMAXX GROUP	GERMANY	IT Services	Nord Holding has successfully finalized a majority investment in the share capital of the target, alongside its founding management team. This strategic transaction represents a pivotal step in the acquirer’s objective to establish a dominant digital IT infrastructure platform for the outpatient healthcare system throughout the DACH region
04/2026	VECTION TECHNOLOGIES	DXLABS	AUSTRALIA	IT Services	Vection Technologies has executed a definitive share sale agreement to acquire one hundred percent of Digital Experience Labs in a strategic transaction aimed at bolstering its enterprise automation capabilities
04/2026	NORDLO	NETHOUSE	SWEDEN	IT Services	Combinedx AB has entered into a definitive agreement to divest its wholly-owned subsidiary, Nethouse, to Nordlo. This strategic carve-out allows Combinedx to realize significant value from an asset it acquired in 2020, while providing Nordlo with a highly profitable and specialized infrastructure unit

REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PHOSPHORUS by DRAGOS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: phosphorus

Acquirer: dragos