August Equity’s SecureData completes Quadrant acquisition
August Equity’s portfolio company SecureData Europe has completed the acquisition of Quadrant Networks.
Quadrant provides application delivery and security services to a blue chip customer base including the UK’s leading e-commerce and corporate clients such as Ocado, Rightmove and Easyjet.
It ensures customers’ mission critical applications are operating in a fast, secure and available manner.
Both Paul Risk and Peter Ledger, shareholders in Quadrant, will continue to work within the consolidated group.
SecureData is a specialist IT security provider and is recognised for customer service and the delivery of high quality managed security services either on a customer's site, in a private cloud environment or in a Security as a Service model.
August Equity managed funds initially invested in SecureData in July 2012.
Etienne Greeff, managing director of SecureData, says: “We are delighted to have completed the Quadrant acquisition. We have tracked the progress of the business for a number of years and have been impressed by its high quality of service and technical expertise. We look forward to working with Paul and Peter to develop our combined service offering.”
August Equity investment director Keith Davidson says: “The Quadrant acquisition is the first bolt-on the business has completed since our initial investment in July this year. It further develops the business, aim of growing organically and through selective acquisitions. Quadrant provides specialism within application delivery and data centre security and the combined business will enable its customers to benefit from virtualisation and cloud computing securely. We continue to look for strategic acquisitions to boost SecureData’s market position.”
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