Herjavec Group, the renowned cybersecurity firm, was acquired by the private equity firm Apax Partners. This strategic acquisition positioned Apax Partners as the new owner of the leading managed security services provider (MSSP).
Details of the Acquisition
The acquisition brought Herjavec Group, founded and led by Shark Tank angel investor Robert Herjavec, under the ownership of Apax Partners. Despite the change in ownership, Robert Herjavec's involvement remains central to the company's operations and future.
Key aspects of the acquisition include:
- Acquirer: Apax Partners, a global private equity firm known for its investments across various sectors, including technology and services.
- Acquired Entity: Herjavec Group, recognized as a Top 250 Managed Security Services Provider (MSSP), specializing in enterprise cybersecurity solutions.
- Founder's Continued Role: Robert Herjavec maintains his position as the CEO of Herjavec Group and remains a "significant stakeholder" in the company. This arrangement ensures continuity in leadership, strategic direction, and client relationships, leveraging Herjavec's established expertise and brand presence.
This partnership is designed to further accelerate Herjavec Group's growth and expand its capabilities in delivering advanced cybersecurity services to organizations worldwide.
Overview of the Acquisition
| Aspect | Detail |
|---|---|
| Acquirer | Apax Partners (Private Equity Firm) |
| Acquired Company | Herjavec Group (Managed Security Services Provider) |
| Founder | Robert Herjavec |
| Herjavec's Status | Continues as CEO and Significant Stakeholder |
