Tag Archives: Cybersecurity

Trellix Collaborates with Google Cloud to Protect Enterprises and Governments

Stg Partners

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced new collaborations with Google Cloud to simplify customer access to security protections in the cloud. In addition to achieving Google Cloud Partner Advantage Build authorizations for both Google Cloud and Google Workspace, Trellix has joined Google Cloud Ready – Distributed Cloud initiative. Through both, Google Cloud customers are equipped with open, interoperable security solutions from Trellix.

Trellix and Google Distributed Cloud

Google Distributed Cloud’s air-gapped option meets rigorous regulatory, durability, and availability standards for customers requiring air-gapped systems with no connectivity to Google Cloud or the public internet. Trellix is working towards making Trellix Endpoint Security available to Google Cloud customers seeking on-premises protections through the new Google Cloud Ready – Distributed Cloud initiative.

“Joining the Google Distributed Cloud initiative represents a pivotal milestone in safeguarding heavily regulated sectors and securing our customers where they operate,” said John Morgan, XDR General Manager at Trellix. “For customers seeking the security benefits of on-premises infrastructure while leveraging Google Cloud’s state-of-the-art cloud technology, Trellix stands ready to ensure comprehensive protection.”

MORE AT TRELLIX.COM

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GuidePoint Security Attracts New Round of Growth Capital

Audax Group

HERNDON, Va. — GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the closing of a funding round led by Audax Private Equity, a leading alternative investment manager and capital partner to middle market companies. GuidePoint will leverage the investment to further accelerate growth across the United States and expand internationally. Terms of the new investment are not disclosed.

“As the complexity of the cybersecurity landscape becomes more pronounced — with ever evolving threats, thousands of products, and continued resource challenges — demand for our services and solutions has never been higher,” said Michael Volk, Chairman and CEO of GuidePoint Security. “We attribute this consistent and continued rapid growth to our steadfast commitment to partnering with our customers to solve their cybersecurity challenges. We’ve focused on hiring the best and brightest cybersecurity minds across the United States and investing in innovative service offerings to address new and emerging risks. Now with Audax Private Equity, we are set up to help even more customers across the U.S. and expand overseas.”

Founded in 2011, GuidePoint Security has become the trusted cybersecurity advisor to more than 3,800 organizations across the U.S., including one-third of the Fortune 50 and 40% of the Fortune 500, along with more than half of the U.S. government cabinet-level agencies. The company’s unique business model provides local engagement and delivery teams, national scale and purchasing power for industry-leading cybersecurity solutions, breadth and depth of cybersecurity expertise across all disciplines, and engagements that are tailored to each customer’s specific environment and needs.

“GuidePoint has distinguished itself as one of the premier providers of cybersecurity solutions, where local coverage, sophisticated technical skillsets, and industry expertise are crucial to address, mitigate and stay ahead of cyber risks,” noted Iveshu Bhatia, a Managing Director at Audax Private Equity. “Our investment experience in this area should prove beneficial as we work closely with the GuidePoint team to drive growth.”

“GuidePoint Security’s value proposition revolves around the team’s sophisticated technical skillset coupled with deep industry expertise,” added Tim Mack, Partner of Audax Private Equity. “We see a tremendous opportunity to invest in the company’s continued expansion and build upon its track record of growth over the last 12 years.”

Guggenheim Securities, LLC served as the exclusive financial advisor, while DLA Piper provided legal counsel. Kirkland & Ellis served in the same capacity to Audax Private Equity. ABS Capital Partners, a prior investor in GuidePoint Security, participated in the transaction.

ABOUT

About GuidePoint Security:

GuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint’s unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at www.guidepointsecurity.com.

About Audax Private Equity:

Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $18 billion of assets under management, over 210 employees, and 100-plus investment professionals. Since its founding in 1999, the firm has invested in more than 165 platforms and 1,200 add-on acquisitions. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit audaxprivateequity.com or follow Audax Private Equity on LinkedIn.

“GuidePoint Security’s value proposition revolves around the team’s sophisticated technical skillset coupled with deep industry expertise. We see a tremendous opportunity to invest in the company’s continued expansion and build upon its track record of growth over the last 12 years.”
Tim Mack
Partner, Audax Private Equity

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Nord Security surpasses $3bn valuation with new $100M funding round

Burdaprincipal

 

Burda Principal Investments proudly continues to back Lithuanian unicorn Nord Security on its exceptional growth path

Burda Principal Investments (BPI) continues to support Nord Security: Just over a year after the first financing round, which made Nord Security the second tech unicorn in Lithuania, the provider of internet privacy and security solutions raises another $100M in new funding. Next to BPI, the existing investor Novator also participates in the round led by Warburg Pincus valuing the company at $3bn.

Changes in the cybersecurity landscape drive the need for online security and privacy

Over the past few years, the cybersecurity landscape has changed dramatically due to the emergence of new technologies. These trends have sparked increased awareness of online security and privacy issues across a wider audience of internet users. In this constantly changing digital environment, VPN service providers NordVPN and Surfshark have become mainstream and remain the flagship products of Nord Security. With the new funding, the company plans to continue to drive organic business growth, expand Nord Security’s product offering, and further accelerate growth through acquisitions.

“The outstanding growth of Nord Security’s business within the last years confirms their market-leading position in the consumer cybersecurity space. We are excited to continue to back the exceptional management team on their growth journey.”

Christian Teichmann, CEO of Burda Principal Investments

“Not a day goes by without news about the next cyber attack succeeding. That is not only because cyber threats are becoming much more frequent, but also due to them consistenlty increasing in sophistication. Nord Security has managed to create a suite of products that fits the ever evolving needs of customers.”
Luisa Frank, Investment Manager at Burda Principal Investments

Cybersecurity tools to create a radically better internet

Nord Security was founded in Vinius, Lithuania in 2012 by co-CEOs Tom Okman and Eimantas Sabaliauskas. Their goal is to develop tools that are easily accessible to everyone and create a radically better internet. In addition to the NordVPN service, the product suite includes password manager NordPass, network access security software NordLayer and encrypted cloud storage NordLocker. In 2022, Nord Security merged with Surfshark, one of the most popular consumer cybersecurity companies globally, adding a series of additional consumer cybersecurity products to  Nord Security’s portfolio. Today, Nord Security’s suite of products is trusted by millions of users worldwide – both businesses and individuals.

“We will continue to address the needs of our users by bringing market-leading innovative features, informative marketing, and a holistic approach towards consumer and businesses cybersecurity needs. The new financing round, together with our investors’ experience and know-how, allow us to be in an even stronger position to make the Nord name synonymous with online privacy and security.”
Tom Okman, co-CEO and co-founder at Nord Security
“Modern cybersecurity requires cutting-edge innovations, and that’s where our talented professionals make Nord Security stand out. Over the years we focused on fostering a community where driven experts are welcomed and enabled to make radically better internet. The Nord community, made up of individuals from all corners of the globe, work together to make sure that our users can be safer online, every day. And we believe there are many who share our cause and our mission.”
Eimantas Sabaliauskas, co-CEO and co-founder at Nord Security

 

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IK Partners enters into exclusive negotiations for the sale of its stake in Pr0ph3cy Group to Carlyle

IK Partners

Press Release
Monday, 3 July 2023

IK Partners (“IK”) is pleased to announce that the IK Small Cap III Fund (“IK SC III”) has entered into exclusivity negotiations for the sale of its stake in Pr0ph3cy Group (“Pr0ph3cy” or “the Group”), a leading ‘one-stop-shop’ cybersecurity business in France, to global investment firm Carlyle (NASDAQ: CG). This represents the first exit from the Development Capital pool within the IK SC III Fund, after a holding period of under two years. IK will be reinvesting alongside Carlyle and the management team. The financial terms of the transaction are not disclosed.

Led by CEO Arthur Bataille, Pr0ph3cy Group is a leading provider of IT and cybersecurity services to a highly diversified blue-chip customer base within the public and private sectors, including: Aerospace & Defence; Financial Services; Transport and Consumer. Resulting from the merger of Silicom and Seela in 2021 in a primary leveraged buyout led by IK and together with the subsequent acquisitions of OpenCyber and Harmonie Technologie in 2022, the Company now operates across the entire cyber services value chain with expertise in: cyber strategy, risk and identity management; audit and penetration testing; configuration of security software and hardware (NetSecOps and DevSecOps); cyber e-training and upskilling solutions; and artificial intelligence.

At present, Pr0ph3cy has around 600 employees who serve hundreds of customers from its nine offices across Europe and North America. With IK’s support and including the two add-ons, the Company roughly tripled its size through the acceleration of its activity through an ambitious recruitment strategy, initiation of a significant internationalisation effort in Canada and Belgium; and delivery of Seela.io’s product roadmap to become a best-in-class, global cyber-focused e-learning tool. An overall reinforcement of group processes and managerial structure also commenced.

The Carlyle Europe Technology Partners (“CETP”) platform will enable Pr0ph3cy’s continued growth and the Carlyle team will work with management and IK to continue the Company’s buy-and-build strategy to gain further scale, broaden its service portfolio and expand internationally. Upon acquisition, the Group will rebrand and change its name to “NEVERHACK”.

Pierre Gallix, Managing Partner at IK and Advisor to the IK SC III Fund, said: “Over the past two years, we’ve worked in partnership with the team at Pr0ph3cy to deliver their ambitious strategic agenda and pursue numerous value creation opportunities. We have been impressed with their dedication and hard work to date and look forward to continuing our work with them, alongside Carlyle.”

Arthur Bataille, Founder and CEO of Pr0ph3cy Group, said: “With the support of IK, we have experienced a significant acceleration in growth which has helped us to evolve substantially. They understood our vision and passion for innovation from the start and have worked with my team and I to help us begin releasing our ambitions. We are proud of all that we have achieved in such a short space of time with and look forward to welcoming Carlyle as we enter the next phase of our journey. We thank the team at IK for their continued support.”

Completion of the transaction is subject to works council consultation and customary regulatory approvals.

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 170 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikpartners.com

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About Pr0ph3cy Group

Pr0ph3cy (to be renamed NEVERHACK) is a fast-growing cybersecurity company dedicated to protecting digital infrastructures against cyber threats to businesses and individuals. Founded in 2021, the company has rapidly established itself as a key player in the sector, thanks to the expertise of the companies it has acquired in Harmonie Technologie, Silicom and OpenCyber (cyber strategy, integration and development, pentest and technical audit), Seela (training center) and weS4FE (risk rating service). The company currently employs 600 people in 4 countries.
Pr0ph3cy aims to become a leader in cybersecurity services, building a secure digital world for all.

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IK Partners enters into exclusive negotiations for the sale of Nomios to Keensight Capital

IK Partners

Press Release
Tuesday, 27 June 2023

IK Partners (“IK”) is pleased to announce that the IK VIII Fund has entered into exclusivity negotiations to sell Nomios (“the Company”), a European expert in cybersecurity and secure network services, to Keensight Capital (“Keensight”), one of the leading private equity managers dedicated to pan-European Growth Buyout[1] investments. Financial terms of the contemplated transaction, which is subject to the prior information and consultation of the relevant employee representative bodies and other customary approvals, are not disclosed.

Nomios has a presence in over 20 offices across Europe, more than €400 million in revenue coupled with a healthy profitability and over 600 employees; a large portion of which are certified engineers. The Company specialises in helping customers secure their increasingly complex digital landscape. It provides an end-to-end offering, including: Nomios support; solutions from trusted and high-quality vendors; professional services; and managed services, including but not limited to Nomios’ security operating centres (“SOCs”).

Since IK acquired the Company in January 2019, it has undergone a transition towards a cybersecurity expert of scale across Europe. It has successfully doubled its revenues through organic growth realised across service lines and geographies. Under the leadership of CEO Sébastien Kher, Nomios has capitalised on its proven track record of client stickiness, maintaining and achieving high vendor accreditations and high employee loyalty. In addition, Nomios has also launched several new strategic initiatives, including the successful unveiling of various SOCs in its key markets. It has also expanded its footprint in Europe through two acquisitions in Poland and Italy.

Sébastien Kher, CEO at Nomios, said: “We are grateful for the support that IK has offered the business since 2019. With its help, we have significantly grown Nomios through new services and a broader geographic footprint. We are excited by the opportunity to enter into a new partnership with Keensight and to benefit from their significant experience in — and expertise on — the markets in which Nomios is active, in order to continue our strong organic growth, combined with further acquisitions in Europe to grow our footprint.”

Remko Hilhorst, Managing Partner at IK and Advisor to the IK VIII Fund, said: “We are proud of all that we have achieved in partnership with the management team at Nomios. We have established the Company as one of the clear leaders in the European cybersecurity market, positioning it as a scaled provider of increasingly recurring services to its loyal client base. The quality of the entire Nomios team has allowed us to strongly grow the business year on year. We are convinced that the contemplated transaction will ensure continued success of team and wish them and Keensight every success in the future.”

Philippe Crochet, Managing Partner at Keensight Capital, added: “We’re very excited at the prospect of embarking on this journey with the management of Nomios, a leader in cybersecurity with recognised expertise and a unique presence in Europe. We’ve been extremely impressed by the work they have done and we look forward to partnering with them in an ambitious new stage of growth.”

In addition to what is set out in this message, signing and completion of the transaction is subject to the prior information and consultation of the relevant employee representative bodies, as well as further legal and regulatory approvals.

 

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 7787 558 193
vidya.verlkumar@ikpartners.com

Nomios
Tim Fleur
Phone: +31 6 4346 4012
tim.fleur@nomios.nl

Keensight Capital
Cindy Giraud
Phone: +33 6 37 96 55 37
cgiraud@keensightcapital.com
H/Advisors for Keensight Capital
David Stürken – david.sturken@h-advisors.global +44 (0) 799 059 5913
Aliénor Miens – alienor.miens@h-advisors.global +33 (0) 664 32 81 75

[1]  Growth Buyout: investment in profitable, private companies experiencing strong growth, in minority or majority positions, with or without leverage, using a flexible approach tailored to the needs of individual entrepreneurs, in order to finance organic growth projects, acquisition strategies or provide historic shareholders with liquidity.

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Blackpoint Cyber Secures $190 Million Growth Investment from Bain Capital Tech Opportunities and Accel

BainCapital

Blackpoint Cyber Secures $190 Million Growth Investment from Bain Capital Tech Opportunities and Accel

Funding supports Blackpoint’s mission to be a one-stop-shop for MSPs to combat escalating cyber threats

ELLICOTT CITY, Md. and BOSTON – June 8, 2023 – Blackpoint Cyber (Blackpoint), a leading, technology-focused cybersecurity company providing its advanced security suite via managed service providers (MSPs), today announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners. The investment will be used to fund further development of Blackpoint’s security technology and enable its MSP partners to combat a constantly changing threat landscape.

Founded in 2014 by CEO Jon Murchison, a former National Security Agency computer operations expert who spent more than a decade executing high-priority national security missions, Blackpoint leverages real-world cyber experience and deep knowledge of cyber defense tactics to help MSPs safeguard their customers from cyberthreats. Blackpoint’s Managed Detection and Response (MDR) technology rapidly detects and isolates threats at the earliest sign of a breach. Many security services place the burden of response and action on their customers, whereas Blackpoint’s 24/7 Security Operations Center (SOC) investigates suspicious activity and takes action to neutralize threats in real-time on behalf of its MSP partners. This eliminates alert fatigue and time spent on false positives.

“The MSP market is growing fast, and we are matching that growth by scaling and innovating new cybersecurity solutions,” said Jon Murchison, CEO and founder of Blackpoint Cyber. “Cyber-attacks are becoming more sophisticated and advanced, forcing MSPs to rapidly adapt to protect their customers and infrastructure. Bain Capital Tech Opportunities and Accel bring deep experience in cybersecurity, a sophisticated understanding of the threat landscape, and the resources needed to propel our next phase of growth, and we are thrilled to partner with them and continue providing our MSP partners with an elite and ever-innovative cybersecurity ecosystem.”

Blackpoint is committed to adding additional products to its platform and simplifying the security stack for its MSP partners as they play an ever-increasing role in cybersecurity. Blackpoint recently introduced its Managed Application Control solution to help MSPs ensure that only authorized applications are running on devices and reduce the risk of unauthorized activity or malware infiltration. Blackpoint also launched the Blackpoint University learning platform in 2023 to provide MSPs with access to sales and technical cybersecurity training and lessons from leaders in the military, intelligence, and business communities.

“Blackpoint sets itself apart as the security service of choice for MSPs with its next-gen MDR technology and integrations to detect and actively respond to threats,” said Dewey Awad, a Partner at Bain Capital Tech Opportunities. “We are thrilled to join Jon and the management team to help accelerate the growth of the business and drive new product development that delivers a unique value proposition to MSPs and their customers.”

Bain Capital has deep experience across the cybersecurity sector, having invested in and added value to a wide range of early-stage to mature software companies such as InAuth (acquired by American Express), Rapid 7, Check Point, Barracuda Networks, SolarWinds, Evident.io (acquired by Palo Alto Networks), Blue Coat (acquired by NortonLifeLock), ExtraHop, and BioCatch.

William Blair acted as exclusive financial advisor to Bain Capital Tech Opportunities.

About Blackpoint
Blackpoint Cyber offers the only world-class, nation state-grade cybersecurity ecosystem serving the MSP community. Using its own software and SOC, Blackpoint’s true 24/7 MDR service not only detects breaches earlier than any other solution on the market, but also provides an actual response rather than just an alert to keep your and your clients’ networks safe from widespread damage.

About Bain Capital Tech Opportunities
Bain Capital Tech Opportunities (www.baincapitaltechopportunities.com) aims to help growing technology companies reach their full potential. We focus on companies in large, growing end markets with innovative or disruptive technology where we believe we can support transformational growth. Our dedicated, tenured team has deep experience supporting growing technology businesses—bringing together differentiated backgrounds in private and public equity investing as well as technology operating roles. We invest behind fundamental long-term tailwinds as technology penetrates across industries, creating a large and growing number of investment opportunities. Bain Capital Tech Opportunities focuses on five priority sub-verticals: Application Software, Infrastructure & Security, Fintech & Payments, Healthcare IT, and Internet & Digital Media. We are a business unit of Bain Capital, one of the world’s leading private investment firms with approximately $160 billion in assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live.

About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, DJI, Fiverr, Flipkart, Freshworks, Qualtrics, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40 years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.

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Truesec acquires Venzo Cyber Security A/S, a leading Danish cyber specialist organization

IK Partners

Press release – June 1, 2023

Today, Truesec announces the acquisition of the Danish company Venzo Cyber Security A/S. The purpose of the acquisition is to further strengthen Truesec´s position as preferred cyber partner in Northern Europe, preventing cyberattacks and minimizing impact.

Truesec´s acquisition of Venzo Cyber Security A/S, a former Venzo Group company, marks an important step for Truesec on its mission to create a safe digital future, as well as to further strengthen its cybersecurity capabilities.

“The acquisition of Venzo Cyber Security A/S significantly enhances our cyber defense capabilities, enabling us to better protect society from cyberattacks. We are excited to welcome the team to Truesec, as their expertise combined with our cyberspecialists in Denmark will make a significant difference in creating a safer society for all organizations in Denmark and Northern Europe”, says Anna Averud – CEO of Truesec Group.

“We are pleased to have found a new owner for our group company, Venzo Cyber Security A/S, and we are very happy on the team’s behalf. In Truesec, they will become part of a dedicated security firm with a global reach, while VENZO continue to pursue our strategy of delivering large multi-disciplinary digital transformation programs in Denmark and the Nordics” says Søren Luplau-Pagh, CEO of VENZO Group.

“This is a significant step forward and will further strengthen Truesec’s offering in Denmark and the Nordics. At Truesec our ambition is to secure Europe´s society against cyberattacks. With our strong team, we’re better equipped to proactively prevent cyberattacks and minimize their impact” says Morten von Seelen, CEO Truesec Denmark.

The acquisition is expected to be completed 1st of June 2023.

Contact us for further information or any inquiries you may have.

Jennie Mattar
CMO, Truesec
Email: Jennie.mattar@truesec.com
Phone: +46-72 858 88 78

Anna Averud
CEO, Truesec
Email: Anna.averud@truesec.com
Phone: +46-70 918 30 48

Søren Luplau-Pagh
Group CEO, VENZO A/S
Email: slp@venzo.com
Phone: +45 20 28 56 7

About Truesec

Truesec is a global cybersecurity company with a clear purpose: Creating a safer society by preventing cyber attacks. Since its founding in 2005, Truesec has gained a strong reputation and earned the trust of organizations worldwide. Today, Truesec consists of over 300 dedicated cyber specialists in Sweden, US, Denmark, Finland and Germany – covering the full spectrum of cybersecurity. www.truesec.com

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About Venzo Cyber Security A/S

Venzo Cyber security A/S was founded 2020 as part of Venzo Group, a leader in digital change. Venzo Cyber Security A/S is focused on protecting enterprise and public clients against cyber threats. Today, Venzo Cyber Security A/S has obtained a strong position in the Danish market delivering high quality security advisory, solutions, and managed services.

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ABN AMRO Ventures invests in ThreatFabric

Abn Amro Ventures

ABN AMRO Ventures, the corporate venture fund of ABN AMRO, has invested in the EUR 11.5m Seed round of ThreatFabric, an Online Fraud Detection solution that helps ABN AABN AMRO Ventures, the corporate venture fund of ABN AMRO, has invested in the EUR 11.5m Seed round of ThreatFabric, an Online Fraud Detection solution that helps ABN AMRO protect its clients from the growing fraud and malware epidemic.MRO protect its clients from the growing fraud and malware epidemic.

The battle against online fraud has become a lot more complex with continuous data breaches and the availability of AI driven tools. In 2022 alone, criminals in the Netherlands caused €62.5 million in damage through payment fraud, including bank helpdesk fraud and phishing, which is 25% higher than two years earlier according to the 

Dutch Banking Association

. Banks and e-commerce platforms are continuously searching for accurate warning systems before payments are made.

ABN AMRO Ventures invested in ThreatFabric because online fraud does not show any signs of slowing down, with the bank’s clients as the most vulnerable part of the chain. ThreatFabric’s software can positively contribute to this fraud epidemic by helping their clients – banks and financial institutions – protect their end-users from fraud and malware by using different protection layers, such as on-device malware detection and behavioural analytics.

This EUR 11.5m Seed round is co-led by ABN AMRO Ventures and Motive Ventures, alongside 10xFounders and 14Peaks capital. The capital will be used to increase ThreatFabric’s international expansion and extend its fraud detection layers with behavioural based detection. This consists of the fraudster’s footprint with advanced AI models that include continuous threat modelling of attack paths inside online signup and payment journeys.

Han Sahin, CEO at ThreatFabric: “The ever-changing online fraud threat landscape can proactively be protected by including AI driven threat modelling in behavioural based defence layers. Fraudster also have a strong need which is strongly reflected in their digital footprint. This Seed Round with investment capital from ABN AMRO Ventures, Motive Ventures, and participation from 10xFounders and 14Peaks capital will be used for further expansion and to extend our Fraud Risk Suite platform focused on new proactive fraud controls. For example, with behaviour-based location intelligence and behavioural biometrics that use advanced AI models that forecast potential fraudsters online footprint inside payment journeys”.

Hugo Bongers, Managing Director at ABN AMRO Ventures: “The fraud issue is large and complex problem, that is only expected to get bigger in the future, as technologies like AI further develop. As a long-standing partner of ThreatFabric, ABN AMRO Bank has seen ThreatFabric’s profound understanding of the fraud issue and the high-quality solution the company offers. ABN AMRO Ventures is proud to support the co-founders Han and Yorick, and the entire ThreatFabric team in their next stage of growth and their mission to combat fraud and malware.”

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Netsecure acquired by Integrity360 to expand into the Nordics

August Equity

As part of its pan-European expansion plan, Integrity360 and Netsecure – both highly respected providers of cyber security services today announced that they have joined forces with Netsecure becoming a Integrity360 company. The terms of the transaction were not disclosed. The acquisition will enable Integrity360 to expand into the Nordic region, with Netsecure serving as its platform, operating with the benefit of the full resources and capability of the existing Integrity360 business.

Netsecure was founded in 2015, employs c.40 employees and is headquartered in Stockholm, Sweden. For the last four years Netsecure has achieved growth rates of over 35% pa, and during 2023 expects sales of c.€10m. 2022 was also a highly successful year for the Integrity360 group with order growth of approximately 30% and sales of c.€85m. Combined with Netsecure the enhanced group expects sales to exceed €110m during 2023, more than doubling under August Equity ownership.

In addition to Netsecure, Integrity360 expects to complete further acquisitions as part of its European expansion plan during the year. All of Netsecure’s employees will remain with the group, bringing the headcount of Integrity360 group to c.360. Both Integrity360 and Netsecure share the same customer service ethos, have deep cyber technical expertise, and share partnerships with several of the world’s leading cyber security equipment and software manufacturers.

Ian Brown, Executive Chairman at Integrity360 commented “This is a significant and exciting milestone for us and we are delighted to welcome the Netsecure team to Integrity360. The enhanced group will now significantly expand our activities and services throughout the Nordic region in addition to continuing our growth as the leading independent cyber security services specialist throughout the UK and Ireland. 2023 will also see the group expand into other major geographic markets. Our resources and track record are now considerable with over 250 cybersecurity engineers, analysts, consultants and specialists. The group provides a comprehensive range of end to end services and solutions to business organisations for all their cyber security needs. The group’s innovative range of services were recently recognised for a third time in a Gartner market guide, namely as a Representative Vendor in the Gartner market guide for Managed Detection and Response services and we look forward to offering those and other innovative cyber services to the Netsecure customers in the coming weeks and months”.

Mickey Patel, Partner at August Equity commented “The acquisition of Netsecure solidifies the plan that we embarked on with Ian and the team in 2021 to create a highly acclaimed, European cyber managed security services provider.  The management team at Integrity360 has been able to achieve exceptional organic growth to date, in conjunction with the integration of Caretower which was acquired in 2022 – the business now has a strong presence in the UK, Ireland, Nordics and Bulgaria.  We continue to support the team to expand its European presence and complete further strategic acquisitions.”

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INTERSTELLAR transfers DataExpert shares to Bridgepoint

Delft, 5 April 2023 – Quadrum Capital is pleased to announce that DataExpert, one of Interstellar’s labels, has been sold to Bridgepoint. DataExpert has attracted Bridgepoint as a new partner to accelerate its international growth and ambition. This divestment is in line with Interstellar’s renewed strategy. This is a win-win situation for both Quadrum Capital and Interstellar. Interstellar is an associate of Quadrum Capital Investment Funds.

IT services provider INTERSTELLAR is transferring its shares in DataExpert to UK-based Bridgepoint Development Capital IV (BDC IV), a fund focused on investing in mid-sized growth companies. As a leading provider of products and services to combat cybercrime, fraud and incident response, DataExpert was part of INTERSTELLAR’s collection.

image

Interstellar

__Forensics, analysis and cyber security __

DataExpert, founded in 1990, helps clients reduce and solve cybercrime and fraud through a customised package of software, hardware, training, consultancy and support. The company employs over 60 people. In recent years, DataExpert has experienced strong growth in its three main divisions: forensics, analytics and cyber security. From its base in Benelux, DataExpert has also grown in Scandinavia through mergers and acquisitions. Through its unique positioning, DataExpert successfully responds to industry developments, including continuously evolving cyber threats, increased IT infrastructure complexity and an increasing need to investigate the origins of cyber events.

Infinigate

The partnership between DataExpert and Bridgepoint builds on Bridgepoint’s growing track record and expertise in cyber security, including its strategic investment in Infinigate, a leading distributor of enterprise cyber security solutions for SMEs in Europe.

Robbert Bakker, CEO of DataExpert, said, “In a world of rapidly evolving cyber threats and IT challenges, we continue to see strong demand for our cyber security solutions and services. DataExpert’s mission is to provide maximum support to our customers in fighting cybercrime and advancing cybersecurity, both nationally and internationally. Bridgepoint has extensive experience investing in and growing first-class companies in this sector, and we look forward to continuing our mission as we further develop our offering, expand our geographical presence and enter our next growth phase.”

Maarten van Montfoort, CEO of INTERSTELLAR, adds: “DataExpert has performed exceptionally well in recent years as we have worked closely together to realise growth ambitions and develop the offering. After a strategic review, we agreed that now is the right time for a new owner. We are very pleased that DataExpert continues its successful and international journey with Bridgepoint, a team with strong expertise and capabilities in supporting industry-leading companies. We wish them and the management team all the best for the future. Of course, INTERSTELLAR and DataExpert will continue their cooperation for Incident Response Services for joint customers.”

About DataExpert

DataExpert is a managed service provider of cyber security solutions focused on helping customers combat cybercrime and fraud. It specialises in providing and supporting complex post-incident forensic and analytical tools. DataExpert works closely with supranational agencies, large national public sector organisations including police forces and corporate clients to improve safety and security, supporting them with expertise, innovative software, training and services.

About INTERSTELLAR

The IT service providers Solimas, Exite ICT, DataByte, Datamex and CSN Group operate under the INTERSTELLAR umbrella. The other companies in the collection, namely Ask Roger!, Q-Conferencing, Fundaments, SCCTand Pinewood, are specialists in collaboration, cloud and security. Founded in January 2021, INTERSTELLAR’s collection has grown over the past year to 11 participations, more than 650 employees, 170 million in revenue and 15 offices. INTERSTELLAR’s companies collectively serve more than 11,000 customers. For more information, visit www.thisisinterstellar.com.

About Quadrum Capital

Independent investment company Quadrum Capital helps mid-market companies realise their growth ambitions in a structured and responsible manner. Entrepreneurship, strong commitment and the contribution of high-quality management experience, network and financial strength form the basis for this. Quadrum Capital has offices in Woerden and Almelo and is characterised by strong regional roots and a no-nonsense approach. Quadrum Capital is mainly funded by entrepreneurs and entrepreneurial families and has a clear (international) growth ambition. Interstellar is one of Quadrum Capital’s platform companies.

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