The Global Mid-Market Specialist
London, Zurich – Alantra, the independent global mid-market investment banking and asset management firm, today announced it has advised international technology group RUAG on the sale of its UK cybersecurity software business Clearswift, to US-based HelpSystems. The value of the transaction was not disclosed.
Alantra’s UK and Swiss offices worked in collaboration on the deal advising Swiss-based RUAG which Alantra has a relationship with for over a decade. The cross-border nature of the sale to a US trade buyer demonstrates the strength of Alantra’s international reach and its specialist expertise in the cybersecurity sub-sector. Cybersecurity M&A activity levels remain high and Clearswift has grown well due to strong global demand for security software.
Clearswift specialises in information security and offers adaptive cybersecurity solutions to companies around the world to protect business-critical data effectively from internal and external threats. The business is headquartered in Reading, UK and employs 150 people. Clearswift’s success is driven by its ability to embed its adaptive data loss prevention technology and deep content inspection engine within its solutions, enhancing security effectiveness and lowering the risk of business interruption. The addition of the Clearswift solutions to the HelpSystems portfolio will provide customers with an expanded set of cybersecurity options to protect critical data and enable compliance with industry mandates such as GDPR.
Urs Breitmeier, CEO RUAG Group said: “We are very pleased to have sold the business to HelpSystems, a buyer with a large global presence that can continue to develop Clearswift’s business in the future.”
The successful sale of Clearswift is a major step in RUAG International’s strategy to concentrate on the aerospace market. This is Alantra’s second cybersecurity transaction in 2019, and more transactions in this sub-sector are expected next year.
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