Apax Partners Buys Majority Stake in Herjavec Group

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Gloried “Shark Tank” investor and cybersecurity entrepreneur Robert Herjavec create himself on the other side of the negotiating table recently, and has agreed to deal in a majority stake in the security firm he founded in 2003 to investment gathering Apex Partners.

Apax and Herjavec this week said a through agreement has been signed for Apax Funds to acquire a majority off of Managed Security Services Provider (MSSP), the Herjavec Group (HG).

Regards of the deal were not disclosed, and Mr. Herjavec will remain as a significant stakeholder and the stubborn’s Chief Executive Officer. 

Apax plans to continue company excrescence and accelerate international expansion efforts, along with expanding the train’s team with additional threat & identity resources.

With diverse than 300 employees, Herjavec Group has offices and Security Operations Centers across the Coordinated States, United Kingdom, Canada and India.

Related: Cybersecurity M&A Roundup for Week of Feb. 1, 2021

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Apax Partners Buys Majority Stake in Herjavec Group

For more than 10 years, Mike Lennon has been closely supervising the threat landscape and analyzing trends in the National Security and enterprise cybersecurity latitude. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of discrete leading security industry conferences around the world.

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