PE Tech Report

Cybersecurity

Drawbridge Partners appoints VP of Business Development

Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers, has appointed an Lyons as Vice President of Business Development. Lyons will be responsible for driving growth for Drawbridge’s award-winning software and services.   Lyons brings over 17 years of business development

Computer code

Jerusalem Venture Partners backs Israeli cyber threat tech firm Vicarius

Jerusalem Venture Partners has led a USD5 million funding round in Vicarius for its predictive cyberthreat technology, together with Innovation Hub and Goldbell. Vicarious automatically detects, patches and protects against yet-to-be-discovered software vulnerabilities before they are exploited by hackers.

Alantra advises on cross-border sale of Reading-based cybersecurity business Clearswift

Alantra, an independent global mid-market investment banking and asset management firm, has advised international technology group RUAG on the sale of its UK cybersecurity software business Clearswift, to US-based HelpSystems. The value of the transaction has not been disclosed. Alantra’s UK and Swiss offices worked in collaboration on the deal

US privacy regulation poses a challenge

ACA Aponix: Best Cyber Security Provider â€“ One of the greatest challenges facing cyber-security and technology risk is how privacy regulation is being addressed in the United States. As a result, ACA Aponix, the cybersecurity and risk division of ACA Compliance Group, is focusing on privacy regulation and readiness for 2020.  “The

PE professionals favour specific cyber insurance policies for portfolio companies

A new survey of senior private equity professionals reveals that only 23 per cent describe the due diligence that private equity firms carry out on cyber security issues of target companies as ‘good’ or ‘excellent’.  The research, which was commissioned by Mactavish, the leading expert on commercial insurance placement and

Announcement

Drawbridge Partners expands cybersecurity offering

Drawbridge Partners, a cybersecurity software and services firm specialsing in the needs of hedge fund and private equity managers, has launched DrawbridgeConnect-R, a Vulnerability Management as a Service (VMaaS) platform.  DrawbridgeConnect-R continuously analyses a firm’s vulnerabilities – rather than providing a mere point in time vulnerability assessment – and helps

Specialist IT providers see clear growth potential

Industry players in Luxembourg are sharpening their need for outsourced IT solutions as they scale up their operations driven by regulatory demand and growth in the jurisdiction. “Private equity, custody and fund administration firms in Luxembourg used to have relatively small offices, with few people and are therefore not used

Avista Capital Partners acquires GCM

Avista Capital Partners (Avista), a private equity firm focused on growth-oriented healthcare businesses, has acquired GCM Holding Corporation (GCM) from May River. Based in Silicon Valley, GCM is a leading outsourced manufacturer of high-precision components and assemblies, providing an integrated platform of manufacturing solutions primarily for the MedTech industry, as

Cybersecurity

Drawbridge Partners launches DrawbridgeConnect platform

Drawbridge Partners, a premier cybersecurity services firm specialising in the needs of hedge fund and private equity managers, has launched DrawbridgeConnect, an automated management platform which allows firms to manage all aspects of their cybersecurity program.  Complementing Drawbridge Partners’ current services offering, the platform allows firms to ensure regulatory compliance

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