Audax Private Equity (Audax) has acquired a majority stake in Flashpoint, a specialist in actionable threat intelligence, to support its continued growth initiatives. Terms of the transaction have not been disclosed.
Based in New York City, Flashpoint is a leading provider of actionable threat intelligence and intelligence automation for commercial and government customers. The Company’s core software-as-a-service (SaaS) offering, “Flashpoint Vision,” provides customers with access to timely, relevant, and actionable data that teams need to identify threats and mitigate the impact of cyberattacks, fraud, and physical damage. Flashpoint continues to expand its flagship offering, and recently added compromised credentials monitoring, card fraud monitoring, and domain protection to the platform.
“We are thrilled to have the backing of Audax and look forward to benefiting from their deep expertise within the broader software, technology, and business services sectors,” says Josh Lefkowitz, Chief Executive Officer of Flashpoint. “This partnership will enable us to continue investing in both Flashpoint Vision and in new tools to expand our capabilities and offerings to our global customer base, and allow us to help even more customers across the private and public sectors rapidly identify threats and mitigate critical security risks. We are confident that Audax’ support will help take us to the next level.”
“Now more than ever, organisations and companies of all sizes, industries, and geographies are seeking to implement leading, reliable cyber intelligence services to protect the data and stakeholders that matter most to them,” says Timothy Mack, Managing Director of Audax. “Flashpoint is at the forefront of this charge with what we consider to be a premier platform, and we believe there is significant opportunity to expand their services and capitalise on even further growth via organic and inorganic initiatives. Importantly, we are thrilled to partner with Flashpoint’s exceptional management team.”
Read more/Source: Private Equity Wire
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