Apax to Acquire Herjavec Group

  • Resources encouraged by Apax Partners today announced the signing of a definitive agreement to acquire a the greater part stake of world managed security providers provider Herjavec Group (HG).

    Less than the offer, Robert Herjavec, who started the award-winning corporation in 2003, will stay on as chief govt officer and remain a substantial stakeholder.

    Herjavec claimed he “couldn’t be more thrilled” to welcome the Apax Partners staff to his award-successful organization.

    Describing what the company has achieved so far, Herjavec said: “More than the previous seventeen a long time, HG has remained steadfast in our mission to make enterprises around the earth more secure. We have succeeded in that exertion by establishing an field-major 24/7 Managed Security Expert services exercise, by advancing our proprietary IP, by diversifying our offerings to include things like Advisory, Managed Detection & Response, Id and Incident Response services, and by hiring what I essentially consider is the very most effective workforce in the earth.”

    For Herjavec, the planned acquisition is recognition of the perform that he and his colleagues have place in over the many years.

    “This acquisition and the progress funding that results is a testament to our entire staff, and to our loyal purchaser foundation who has entrusted us with their mission critical property,” said Herjavec.

    “I am psyched for this up coming period in our advancement trajectory as we continue to gain their trust by increasing our localized support models, deepening our Managed Security Solutions offerings and furthering our platform growth to drive incremental automation, effectiveness and security ROI.”

    Apax plans to companion with HG’s administration crew to speed up global enlargement attempts and progress the “HG Identity” and “HG SOAR” proprietary platforms.

    “We are energized to spouse with Robert and [his] crew as we glimpse to push the enterprise forward, investing in ongoing products innovation and growth acceleration whilst preserving the company’s number 1 priority: shopper centricity,” explained Apax companion Rohan Haldea.

    No financial terms of the deal have been disclosed. Dentons US LLP is serving as authorized counsel to Herjavec Team, and Kirkland & Ellis LLP is serving as lawful counsel to Apax.

    The proposed acquisition follows Apax Funds’ prior investments in Sophos and in Coalfire, a cybersecurity advisory company acquired by the Apax Cash in 2019.