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