24th Apr 2024 12:08
(Alliance News) - Apax Global Alpha Ltd on Wednesday said it expects to invest around EUR8 million in IANS, an information services platform, focused exclusively on cybersecurity.
Shares in Apax Global Alpha rose 0.4% to 141.62 pence in London on Wednesday afternoon.
The Guernsey-based investment company said on Tuesday Apax Digital Fund II, in which AGA is a limited partner, announced that it had reached a definitive agreement to acquire IANS.
The transaction is expected to close in the second quarter.
IANS helps chief information security officers and their teams reduce risk for their organisations through three platform offerings.
AGA said the partnership with ADF II will enable IANS to accelerate product development, expand its value proposition, and scale its go-to-market efforts, which will help the company meet the increasing demand for InfoSec decision support services and strengthen its leadership position in the market.
AGA's expected investment in IANS is calculated based on the look-through positions of ADF II's overall investment in IANS and is translated based on the latest exchange rates available where applicable.
In 2021, AGA made a commitment of USD90 million to ADF II.
By Jeremy Cutler, Alliance News reporter
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