LONDON: Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €8m in IANS on a look-through basis.
On 23 April 2024, the Apax Digital Fund II (ADF II), in which AGA is a limited partner, announced that it had reached a definitive agreement to acquire IANS, a leading provider of tech-enabled research and advisory services in the information security (InfoSec) industry. The transaction is expected to close in Q2 2024, subject to customary closing conditions.
IANS is a widely recognised and trusted information services platform, focused exclusively on cybersecurity and the needs of Chief Information Security Officers (CISO) and their teams.
The company services CISOs and their teams, reducing risk for their organisations through three platform offerings: i) a proprietary suite of subscription-based decision support content, professional development, tech-enabled research and on-demand expertise, ii) consulting services, including security assessments and penetration testing, and iii) a vibrant community for peer interaction and an exchange of best practices.
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, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of mostly debt investments. In 2021, AGA made a commitment of $90m to ADF II.
