Key Takeaways
- • Private equity-backed cybersecurity consultancy ctrl:cyber has acquired boutique Sydney firm Razilio, its latest acquisition following the earlier purchase of elevenM this year.
- • The deal continues an acquisition spree by ctrl:cyber, which was founded in 2017 by Steve Williams and has scaled rapidly since backer Pemba Capital joined.
- • The primary source does not disclose the purchase price or other deal terms for the Razilio acquisition.
Summary
Private equity-backed cybersecurity consultancy ctrl:cyber has added Sydney boutique Razilio to its growing list of acquired rivals, according to Street Talk. The transaction follows ctrl:cyber's earlier acquisition of elevenM earlier in the year, reflecting a sustained strategy of consolidating smaller players in the Australian cybersecurity consulting market.
ctrl:cyber was founded in 2017 by Steve Williams. The firm has been scaling aggressively since private equity backer Pemba Capital came on board. The source article does not disclose financial terms of the Razilio transaction, including the purchase price or whether it was funded from existing capital.
The deal illustrates a buy-and-build approach common among private equity-backed services platforms, in which add-on acquisitions of specialist firms expand capabilities and client reach under a single brand. Further detail on the transaction's terms and integration plans was not available in the reporting reviewed.
ctrl:cyber was founded in 2017 by Steve Williams. The firm has been scaling aggressively since private equity backer Pemba Capital came on board. The source article does not disclose financial terms of the Razilio transaction, including the purchase price or whether it was funded from existing capital.
The deal illustrates a buy-and-build approach common among private equity-backed services platforms, in which add-on acquisitions of specialist firms expand capabilities and client reach under a single brand. Further detail on the transaction's terms and integration plans was not available in the reporting reviewed.
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