Beech Tree Private Equity has made a significant investment in UK and South Africa based managed cyber security services provider
Performanta specialises in end-to-end security solutions for customers, advising on security strategies as well as monitoring their environments 24/7
Beech Tree will support Performanta with its plans to scale-up and boost sales, s well as making strategic acquisitions.
The business is led by a senior team comprising Guy Golan, Attie Booyens, Brendan Kotze and Lior Arbel. It has also appointed William Morrish as Group Chief Revenue Officer and Tim Collins as Chief Financial Officer as part of the deal.
Adam Rudd, director at Beech Tree, said: “The market is experiencing significant growth as cyber-attacks become more high profile, frequent and damaging, which is driving the increased requirement for specialist managed cyber security services.
“We have been particularly impressed with the depth of cybersecurity expertise demonstrated by Performanta, which is reflected by its tier one customer base, including businesses with global operations across banking, aviation, financial services, insurance, telecommunications, public sector and blue-chip enterprises. We are delighted to partner with the team and look forward to supporting their next phase of growth.”
Golan added: “We have built a strong relationship with Beech Tree due to its strong sector insights and are pleased to be partnering to help accelerate our growth to the next level, providing Cyber Safety (SAFE) to the global market.
“We are a customer-centric organisation, and so importantly, this investment is great news for our customers as it will enable us to continue to expand our high-quality offering to our global customer base. We are looking forward to accelerating our growth so we can enable more businesses to operate in a secure environment.”
Richard Hall, CloudOrigin CEO, commented: “Performanta are a full service cyber security specialist and MSSP, with very pragmatic insight into the rapidly evolving threats their customers face, and depths of skills in key technologies to manage the threat including major Incident Response capability. Delighted to once again provide Technology Due Diligence and Technology Landscape Research to Beech Tree to inform their understanding of the firm and the marketplace”.
As well as its Berkshire head office, Performanta has operations in Germany, the US, Australia and South Africa.
KPMG, Eversheds, CloudOrigin, The Customer Consultancy, i2i HQ and Marsh advised Beech Tree.
Performanta was advised by Bank Street and CMS.
For more information from Beech Tree on the deal [ Click here ]
For Insider Media press coverage [ Click here ]
For Beech Tree commentary on future growth in the cyber security industry [ Click here ]