August Equity announces it has realised its investment in SecureData Europe (“SecureData”) in a sale to global telecoms group, Orange. The exit represents one of its most successful investments in recent years.
SecureData is the leading independent cybersecurity services and solutions provider operating in the UK with revenues of circa £50m, annual growth rates of >20% and over 200 employees. The business provides a comprehensive range of professional, support and managed cybersecurity services to both private and public sector customers. SecureData’s consultancy arm SensePost includes some of the world’s most pre-eminent security experts who in addition to advising customers, participate in defining security standards, provide regular research for the benefit of the industry and advise national governments and defence organisations.
August Equity initially invested in SecureData in 2012 and supported the management team in making four bolt-on acquisitions, including Cygnia Technologies in April 2017.
The exit, was led by August Equity Partners and SecureData board member Mike Biddulph and Mehul Patel. The sale marks the seventh exit by August Equity since the start of 2018 and brings the total enterprise value of realisations during this period to over £1 billion.