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EQT Private Equity sells Utimaco, a global leader in cybersecurity solutions

eqt
  • EQT Private Equity to sell Utimaco, one of the global leading providers of mission-critical professional cybersecurity and data intelligence solutions for regulated critical infrastructures
  • Together with EQT, Utimaco has executed an impressive innovation, growth and M&A strategy, including five add-ons in the US, UK, Spain, and Germany and transformed into one of the leading integrated European cybersecurity champions with global reach
  • Under EQT’s ownership, Utimaco has close to tripled its revenues and is expected to generate more than EUR 100 million for the fiscal year of 2022

EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Utimaco Verwaltungs GmbH (“Utimaco” or the “Company”) to SGT Capital LLC (“SGT”), a global alternative asset manager with offices in Germany and Singapore.

Headquartered in Aachen, Germany, and Campbell, CA, US, Utimaco is the leading platform provider of trusted cybersecurity and compliance solutions and services. The Company provides on-premises and cloud-based hardware security modules, as well as key management solutions and data intelligence solutions for regulated critical infrastructures. Utimaco has more than 470 employees around the globe and with its focus on protecting data, identities and critical infrastructures against cyber-crime, the Company is a crucial force in contributing to making the world and societies a safer place.

Together with EQT Private Equity, Utimaco has executed an impressive innovation, growth and M&A strategy. In addition to strong organic growth, the Company has completed five strategic add-ons in the US, UK, Spain, and Germany and transformed into one of the global leading integrated European cybersecurity champions with strong capabilities in high-growth areas. Under EQT’s ownership, Utimaco has close to tripled its revenues, while maintaining its unique focus on R&D, innovation, and customer satisfaction.

Florian Funk, Partner within EQT Private Equity’s Advisory Team, said: “Utimaco plays a crucial role in fighting cyber-crime making the world a safer place and we are extremely proud of having supported Utimaco on its mission to create trust in the digital society, as cyber terrorism and data abuse is growing in complexity, sophistication and frequency. We would like to thank all employees for this exciting journey – We are convinced that Utimaco will continue its successful path with its new majority owner and are happy to stay invested as a minority owner.”

Stefan Auerbach, CEO of Utimaco, said: “In the last years, we have built a global platform leader for trusted cybersecurity solutions, providing the highest level of security and compliance to the world’s largest corporates and governments. With EQT’s support, we have been able to transform the business and accelerate growth by making substantial investments. The collaboration with the EQT team and the board has been fantastic, and we would like to thank you all for the great partnership and look forward to the next phase of growth together with SGT.”

Joseph Pacini, Co-Managing Partner of SGT Capital, said: “Utimaco is the clear market leader in global cybersecurity as well as data intelligence solutions and has executed an impressive innovation, growth and M&A strategy. We look forward to working with Stefan Auerbach and the entire Utimaco team as well as EQT Private Equity going forwards.”

The transaction is subject to regulatory conditions and approvals and is expected to close in Q4 2021. The parties have agreed not to disclose the transaction value. EQT Private Equity was advised by Moelis & Company (financial advisor), Freshfields Bruckhaus Deringer (legal), PWC (financial, tax) and Strategy& (commercial).

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Utimaco
Utimaco is a global platform provider of trusted Cybersecurity and Compliance solutions and services with headquarters in Aachen (Germany) and Campbell, CA (USA). UTIMACO develops on-premises and cloud-based hardware security modules and key management solutions as well as data intelligence solutions for regulated critical infrastructures. Utimaco is one of the world’s leading manufacturers in both of these market segments. 470+ employees around the globe create innovative solutions and services to protect data, identities and communication networks with responsibility for global customers and citizens. Customers and partners in many different industries value the reliability and long-term investment security of Utimaco’s high-security products and solutions.

More info: https://www.utimaco.com/

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80 Acres Farms: $160 million funding round secured to expand operations

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Orange Wings Investments

10 August, 2021|80 Acres Farms|Press Release|80 Acres Farms

80 Acres Farms 70k Grow

80 Acres Farms, a vertical farming producer, has secured $160 million in additional funding in a round led by General Atlantic and joined by Siemens Financial Services, the U.S. financing arm of tech company Siemens.

The company intends to use the capital for continued expansion and product development, building from its current footprint of vertical farms that yield a diverse offering of high-quality produce.

Thriving for impact
Mike Zelkind, CEO of 80 Acres Farms, said: “We are proud of what our team has been able to accomplish and enthusiastic about the road ahead. We are also honored to be supported by such a high-caliber group of strategic investors who are enabling us to continue to lead this evolving and fast-growing industry.” Mike said the investment is a quantum leap for the business to build more farms both nationally and globally.

“80 Acres Farms is building an incredibly exciting vertical farming business that provides high-quality produce through innovative practices,” noted Shaw Joseph, Managing Director of General Atlantic.

Mike Zelkind and Tisha Livingston

Shaw said that with global food consumption increasing and growing threats impacting supply chains and food security, there is a pressing need for healthy, fresh and local foods that are grown in more sustainable and cost-effective ways. He added, “We look forward to working closely with Mike, Tisha and the broader 80 Acres Farms’ team as they scale.”

“The new investment positions the company as the leading proven and profitable technology provider prepared for rapid
expansion,” said Tisha Livingston, CEO of Infinite Acres, and Co-founder of 80 Acres Farms. “In addition, this enables 80 Acres to focus on their operational expertise and deep research and development capabilities beyond leafy greens.”

Combining capital and tech know-how
Jason Thompson, Vice President of Sustainability and Growth Equity at Siemens Financial Services, said, “We are committed to helping scale sustainable vertical farming technology. 80 Acres has demonstrated their ability to build and operate profitable farms.”

According to Jason, Siemens is enthusiastic about the opportunity to support its global expansion with both its capital and technical know-how. Including, their recently established Center of Competence dedicated to supporting companies in realizing their digital transformation.

“We are excited to be partnering with General Atlantic and Siemens to provide growth capital and support to Mike, Tisha and the entire 80 Acres team to help scale their operations within existing and new markets,” said Kayode Akinola, Head of Private Equity Directs at Blue Earth Capital.

New board member
As part of this funding round, Shaw Joseph will join the 80 Acres Farms board. Eli Aheto, former 80 Acres Farms board member, led BeyondNetZero’s contributions to this round. He noted, “I am pleased to be able to continue and grow my support of 80 Acres with this contribution from the BeyondNetZero team. 80 Acres has proven a farm design that is poised to reduce food miles, food waste and the resulting in negative carbon emissions that exist within our food supply chain.”

80 Acres Farms – Romaine

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StatLab Medical Products acquires Pyramid Innovation

Audax Group

StatLab Medical Products (“StatLab”), a leading developer and manufacturer of diagnostic supplies and equipment for the anatomic pathology market, has acquired Pyramid Innovation (“Pyramid”). The acquisition broadens StatLab’s instrument manufacturing capabilities by adding slide and cassette printers. StatLab is a portfolio company of Audax Private Equity and Linden Capital Partners.

Pyramid Innovation was founded in 2013 by Tom Hughes and is based in Sussex, England. Prior to founding Pyramid, Tom and his team developed the first ever automated pathology slide and cassette printers. Today, Pyramid Innovation is a global leader in developing instrumentation that improves the efficiency of pathology laboratory workflow.

“We are excited to welcome Pyramid Innovation into the StatLab family” said Mike Karsonovich, CEO of StatLab. “Partnering with Pyramid positions StatLab as a direct source of high-quality laboratory automation equipment for our U.S. customer base, in addition to expanding our reach into the international market through established channel partners.”

Tom Hughes, Managing Director of Pyramid, adds, “StatLab is an ideal fit as a partner for continued innovation in the field. We look forward to sales of our newly-launched PiSmart Cassette printers and continued investment in the product pipeline – we have more exciting innovations in development to further benefit our customers around the world.”

Pyramid operations will remain in Sussex and continue to be led by Mr. Hughes.

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Herkules IV to sell Beckmann, a market leading backpack company, to Shanghai M&G Stationery Inc.

Hercules Capital
Herkules Private Equity Fund IV (“HPEF IV”) has entered into an agreement to sell Beckmann, a market leading backpack company, to Shanghai M&G Stationery Inc. (“M&G”).
M&G is a Chinese publicly listed stationary company. The agreement was signed on August 3rd, 2021 and the transaction is subject to approval from Chinese authorities. After completion of the transaction, the Beckmann family and management will continue as minority shareholders.

Since 1946, Beckmann has made high-quality ergonomic backpacks from its headquarter in Kristiansand, Norway. Beckmann’s products have received several professional awards and have become the chosen favourite for children and parents internationally. Beckmann offers products and services to consumers in over 20 countries and more than 50% of its revenues now come from international markets.

HPEF IV invested in Beckmann in August 2017. During HPEF IV’s ownership, a commercial and scalable organization has been built.

Over the past four years, Beckmann has more than doubled its size and the growth has primarily come from international markets. In Europe, the growth has been driven by a new sales organization in Germany and Denmark and in Asia, the growth is a result of an ambitious cooperation with Beckmann’s distributors in China and Hong Kong, as well as a solid performance of a new distributor in Taiwan. In Norway, Beckmann has entered several new retailers and successfully extended the product portfolio.

The sellers were advised by E.J. McKay, SEB, DLA Piper, and PwC.

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Rotom Europe attracts growth capital from Waterland

Waterland

Rotom Europe, a leading Pan-European provider of logistic load carriers for transport and storage, has attracted growth capital from its new shareholder Waterland.

Rotom Europe, headquartered in Son (Eindhoven, the Netherlands), has successfully developed into a Pan-European full service provider in the field of bespoke load carriers, with an annual turnover of more than € 140 million. Nowadays, Rotom is operationally active in 10 European countries, with 26 locations throughout Europe and has 500 employees. The group is developing, producing, trading, collecting, renting out, repairing and maintaining a broad range of logistics load carriers including for example wooden pallets, metal roll containers, mobile racks, and plastic pallets and bins for a wide range of customers.

After 30 years of successful expansion, the current board members and shareholders have the ambition to accelerate the growth of Rotom Europe, by developing the company into the leading European player in the field of bespoke load carriers and related services. In order to achieve this ambition, additional strategic support and capital are required to pursue add-on acquisitions and strengthen the existing companies in the group. Therefore, after a careful evaluation of the strategic options, Rotom Europe has selected the Pan-European investment company Waterland as its intended financial and strategic partner for the future. Arjan Kuiper, CEO of Rotom Europe, says “it’s our aim to support our customers to become more sustainable with returnable load carriers and packaging recovery solutions on a Pan-European level, for which we have been able to attract the right strategic partner”.

The company plans to acquire several companies providing load carriers and related services in the next few years to increase the density of the European network in existing countries including the Benelux, Germany, Spain, France and the UK and to enter new European countries such as the Nordics, Italy and Eastern Europe. On top of the planned network expansion, Rotom intends to extend its service activities which will enable the group to expand its sustainable solutions offering for customers such as packaging recovery, pooling and rental of returnable load carriers and repair and maintenance to extend product lifetime.

Arjan Kuiper continues: “with Waterland, we have found the right future business partner to realize our ambition to become the European market leader in sustainable bespoke load carriers and solutions. Rotom has deep knowledge of the European market for load carriers, whilst Waterland has a huge experience in facilitating the buy & build strategy, can provide ample financial resources and is able to provide solid strategic support, hence a perfect combination”. The founding and current shareholders of Rotom Europe remain on board as co-shareholders together with Waterland. The transaction is still subject to merger clearance in the Netherlands and Poland.

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Advania announces the acquisition of Visolit

ik-investment-partners

Advania announces the acquisition of Visolit to create one of the strongest and fastest growing IT service providers in the Nordics.

Advania AB (“Advania”), one of the leading full-service IT providers in the Nordics and has reached a definitive agreement with IK Investment Partners (“IK”) to acquire Visolit AS (“Visolit”), a leading provider of corporate IT solutions and cloud services across Sweden and Norway, from the IK VII Fund and other shareholders.

The combined group (the “Company”) will be one of the strongest and fastest-growing IT service providers in the Nordics, with a total turnover in excess of SEK 9 billion in 2021 and approximately 2,550 employees. The Company will leverage the commercial strengths, resources, and expertise of both the Advania and Visolit platforms to offer a highly compelling, future-ready suite of products and services to its customer base – with the combination enabling a broader, deeper and more differentiated offering, even more closely tailored to each customer. Furthermore, the combination will create a first-rate workplace for employees, allowing the exceptional talent from both companies to thrive in an entrepreneurial environment and with a decentralised model close to customers.

  • The combined group will have a turnover in excess of SEK 9 billion, approximately 2,550 employees and will leverage the expertise of both Advania and Visolit to offer a broad and deep range of compelling IT services tailored to each customer.
  • The aim is to create the preferred Nordic IT services provider, fueled by exceptional talent from both companies to thrive in an entrepreneurial environment with a decentralized model close to the customer.
  • Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-provider in the Nordics with operations in Sweden, Iceland, Norway, Denmark and Finland.
  • Visolit, with a heritage dating back to its inception in Norway 1997, is a leading IT-provider in the Nordics with operations in Norway and Sweden.

Goldman Sachs Asset Management will continue to be the majority shareholder of the Advania group, whilst the IK IX Fund will join as a new minority shareholder in the combined group post-closing, forming a strong new partnership with in-depth Nordic IT-service expertise.

Mikael Noaksson, CEO of Advania, said: “We are extremely excited about the combination of our business with Visolit which represents a substantial step towards becoming the preferred Nordic IT-services company. Joining forces will enable us to get even closer to our customers and to serve our combined customer bases with a broader and better offering.”

Terje Mjøs, CEO of Visolit, said: “We are proud of what we have built at Visolit since 1997, with our position in Norway and Sweden. The combination with Advania as a leading player in the Nordics will allow us to provide the best offering to the combined customer base of this exciting new venture.”

Michael Bruun, Head of the EMEA Private Equity Business at Goldman Sachs Asset Management, said: “After the acquisition of a majority stake in Advania earlier in 2021, we are very excited about the combination of Advania and Visolit, two highly complementary businesses which we expect together will deliver a highly compelling value proposition to their combined client base.”

Alireza Etemad, Partner at IK Investment Partners and Advisor to the IK VII and IK IX Funds, said: “Since the IK VII Fund’s investment in 2016, we have supported the strong team at Visolit to grow and future-proof their business in an evolving IT landscape. The combination with Advania is a natural step in this journey of creating a leading player across the Nordics. We are delighted to continue our partnership by investing in the combined business and are excited to help create the Nordic IT services company of choice.”

Goldman Sachs Bank Europe SE, Sweden Bankfilial acted as financial advisor to Advania. Raymond James acted as financial advisor to Visolit.

The closing of the transaction is expected during second half of 2021 and is subject to, amongst other things, regulatory and antitrust review and approval.

For more information, please contact:

Advania AB
Mikael Noaksson, CEO
Email: mikael.noaksson@advania.com
Phone: +46 76 140 00 80

Visolit Group
Terje Mjøs, CEO
Email: terje.mjos@visolit.no
Phone: +47 900 34 159

Goldman Sachs Asset Management
Joseph Stein, Media Relations
Email: joseph.stein@gs.com
Phone: +44 20 7774 2523

IK Investment Partners
Maitland/AMO
Email: IK-Maitland@maitland.co.uk
Phone: +44 (0) 7342 704 229

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DIF Capital Partners signs agreement with Canada Infrastructure Bank for further investments in rural Manitoba in partnership with Valley Fiber

DIF

DIF Capital Partners (“DIF”), is pleased to announce that DIF Core Infrastructure Fund II (“DIF CIF II”) and its portfolio company Valley Fiber Ltd. (“Valley Fiber”) have formalized the agreement to invest in the Manitoba Fiber Project together with the Canada Infrastructure Bank (“CIB”). This agreement will significantly grow DIF CIF II’s investment in Manitoban rural communities and Valley Fiber.

Valley Fiber is a telecommunications infrastructure company and internet services provider that specializes in the development, construction, and operations of fiber and fixed wireless infrastructure for residential and commercial use. Valley Fiber was incorporated in 2016 and has successfully built a presence in Manitoba, constructing high-quality telecommunications infrastructure to service historically underserved rural Manitoban communities. Based in Winkler, Manitoba, Valley Fiber operates in more than 20 municipalities.

In April 2020, DIF CIF II completed a majority investment into Valley Fiber. Since this investment, Valley Fiber has expanded and enhanced its product offering and further grown its geographical footprint. The agreement with CIB will enable a broadband infrastructure project that supports the economic growth for the benefit of Canadians. Furthermore, this project will expand Valley Fiber’s reach by targeting to connect 48,500 households with dedicated fiber-to-the-home in Manitoban rural municipalities over the coming years.

Willem Jansonius, Head of DIF CIF, said: “The collaboration with Valley Fiber and CIB have proven to be very successful and this investment represents our next step into the fast-growing telecom infrastructure sector.”

In addition, DIF CIF II has extended its capital commitment to Valley Fiber to fund future organic growth and add-on opportunities in the near term. Valley Fiber and DIF are committed to the partnership of bringing broadband to underserved communities in Canada.

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with more than €9.0 billion in assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas, and Australasia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy, and transportation sectors.

DIF Capital Partners has a team of over 160 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney, and Toronto. For further information please visit www.dif.eu

Contact:

Allard Ruijs, Partner

Email: a.ruijs@dif.eu

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Projective Group acquires specialist data consultancy DTSQUARED

GIMV

05/08/2021 – 08:41 | Portfolio

Funded by recent investment from Gimv in April this year, this acquisition is a key part of Projective Group’s European expansion and provides a significant addition to the Group’s capabilities and existing team of 35 consultants in London.

DTSQUARED’s team of 85 data experts will bring a wealth of experience in all aspects of data as well as access to an impressive client base across multiple sectors and strategic relationships with DTSQUARED’s global technology partners. This complements Projective Group’s current management consulting offering from Projective and Exellys, to provide a truly end-to-end consultancy package to clients.

Stefan Dierckx, CEO, of Projective Group, said:
“With our clients increasingly demanding advice and consultancy around data, we firmly believe that DTSQUARED’s knowledge and expertise around data management and governance is complementary to Projective Group’s current service offering provided by Projective and Exellys. Together with DTSQUARED, we can now better serve our current and future clients in answering business problems and creating value in a complex market with even more demanding regulations. This partnership represents the start of the next phase of growth for Projective Group and we are delighted to welcome DTSQUARED to the team.”

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Projective Group acquires specialist data consultancy DTSQUARED

GIMV

London, 5 August 2021 – Projective Group, the international consulting firm, has today announced its acquisition of London-based DTSQUARED, the specialist data consultancy.

Funded by recent investment from Gimv in April this year, this acquisition is a key part of Projective Group’s European expansion and provides a significant addition to the Group’s capabilities and existing team of 35 consultants in London.
DTSQUARED’s team of 85 data experts will bring a wealth of experience in all aspects of data as well as access to an impressive client base across multiple sectors and strategic relationships with DTSQUARED’s global technology partners. This complements Projective Group’s current management consulting offering from Projective and Exellys, to provide a truly end-to-end consultancy package to clients.

Stefan Dierckx, CEO, of Projective Group, said:
“With our clients increasingly demanding advice and consultancy around data, we firmly believe that DTSQUARED’s knowledge and expertise around data management and governance is complementary to Projective Group’s current service offering provided by Projective and Exellys. Together with DTSQUARED, we can now better serve our current and future clients in answering business problems and creating value in a complex market with even more demanding regulations. This partnership represents the start of the next phase of growth for Projective Group and we are delighted to welcome DTSQUARED to the team.”
The overall Projective Group offering will be strengthened by the mutual benefits of the acquisition, with all parties gaining additional capabilities and expertise. DTSQUARED’s knowledge and experience enables Projective Group to expand into the important and evolving data industry via the creation of a new Data Management & Governance offering for Projective Group’s clients. Projective Group can now support clients with all their strategic data requirements; to design, establish and implement the most beneficial, efficient, and profitable data solutions that provide real business value.

Toby Pearson, CEO of DTSQUARED, said:
“We have a strong record of growth whilst delivering the Power of Data for our clients these past eight years, but when Projective Group approached us, it was an excellent opportunity to combine forces and further strengthen our respective offerings. Together, our shared knowledge, expertise and ambitions uniquely position us within Europe to cater to all client demands both now and in the future. We will scale, affording all our employees a greater breadth of opportunities across a wider geography which will ensure that we continue to maintain and attract the highest of standards. The coming months will be spent planning to deliver the best
solutions and advice possible for our clients as we build excellence across Projective Group’s six major European centres.”
DTSQUARED’s established positioning in the market means that the brand and operational management will remain unchanged by the acquisition, and it will now be able to scale at pace to meet ever-changing client demands. Toby Pearson, CEO of DTSQUARED, is joining Projective Group’s board to ensure harmonisation across all parts of the Group’s operations.

UK PR contact:
Alex Eyre, Rostrum
a.eyre@rostrum.agency
+44 (0)7540 282 762

ABOUT PROJECTIVE GROUP
Projective Group is a holding company encompassing multiple entities covering all aspects of transformation in today’s financial industry. Projective Group is an end-to-end partner for those who want to excel in an ever-changing environment, helping shape businesses today to meet tomorrow’s challenges.

ABOUT PROJECTIVE
Projective drives innovation and change in the financial industry by stimulating complex business transformation, sustainable change, measurable value and cost reduction. With their in-depth expertise in banking, payments, capital markets, asset management, stock exchanges and insurance, Projective’s experts carry organizations forward in the fields of regulation, digital innovation, (digital) change processes and operational excellence.
The ‘Projectivers’ are a unique collective of senior industry professionals, management consultants and delivery and technology experts. Together with our partners Exellys, The Glue, Start-ups.be & Scale-ups.eu and Smartfin, we provide financial institutions access to industry-leading innovative expertise and delivery. They serve their customers from offices in Europe’s leading European financial centres, including Brussels, Amsterdam, London, Frankfurt, Paris and Zurich. www.projectivegroup.com

ABOUT EXELLYS
Exellys helps companies attract and retain highly skilled talent in IT and engineering functions. With a program of intensive training and coaching in technical, management and soft skills, Exellys takes this tech talent to a higher level, making it immediately employable. Exellys ensures that companies can call on the best tech talent available, both permanently and on a flexible / project basis, thereby enabling them to continue to focus on their core business. Since its start in 2014, Exellys has grown into a company with 140 consultants and 24 internal employees. www.exellys.com

ABOUT DTSQUARED
DTSQUARED is a specialist consultancy solving business challenges and unlocking opportunities using the Power of Data. Through their significant data expertise and end-to-end data management capabilities, DTSQUARED help their clients by creating tangible business benefits via their data strategy.
DTSQUARED focus on Data Governance, Data Quality, Data Architecture and Master Data Management as well as extensive end-to-end project and programme management capabilities. Working across the UK, US and Europe, the team have helped solve data challenges for numerous large, global organisations across sectors including financial services, real estate, utilities and the public sector.

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Audax Private Equity Announces Investment in Cyber Threat Intelligence Leader Team Cymru

Audax Group

Audax Private Equity (“Audax”) today announced that it has made a growth investment in Team Cymru, a global leader in cyber threat intelligence, to support its continued initiatives in the security space. Terms of the transaction were not disclosed. This investment will help expand the depth and breadth of Team Cymru’s solutions, allowing the company to make its unique threat intelligence accessible to a broader user base, and will support the acceleration of growth through acquisitions.

Based in Lake Mary, Florida, with operations across the globe, Team Cymru provides high-fidelity threat intelligence feeds and a unique external threat hunting platform, as well as analysis services. In addition to commercial offerings, the company furthers its mission to save and improve human lives by providing no-cost services to a variety of entities, including more than 130 CSIRT teams, network operators, and hosting providers.

“We are impressed by Team Cymru’s differentiated capabilities and its reputation with customers across a wide range of verticals,” commented Tim Mack, Managing Director of Audax. “As a leading provider of insight into malevolent infrastructure and a pioneer in external threat hunting and global security intelligence, we believe Team Cymru is an excellent investment in an accelerating segment of the market.”

The company’s flagship solution, Pure Signal™ Recon, is used by analysts to identify and trace malicious infrastructure, optimize incident response, and detect threats across supply chains and third-party vendors. Its security intelligence has been a key component in the offerings of software and security vendors for many years.
“We’re proud to be a premier source of ground truth for advanced security teams,” stated Rabbi Rob Thomas, Founder and CEO of Team Cymru. “We want to enable security teams at all stages of maturity to better predict attacks, interdict malicious infrastructure, and manage cyber risk more effectively.”

Baird served as exclusive financial advisor to Team Cymru, and Foley & Lardner served as exclusive legal counsel to Team Cymru. Ropes & Gray LLP served as legal counsel to Audax.

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