Audax Private Equity Announces Investment in Cyber Threat Intelligence Leader Team Cymru

AUG 2021

Audax Private Equity (“Audax”) today announced that it has made a growth investment in Team Cymru, a global leader in cyber threat intelligence, to support its continued initiatives in the security space. Terms of the transaction were not disclosed. This investment will help expand the depth and breadth of Team Cymru’s solutions, allowing the company to make its unique threat intelligence accessible to a broader user base, and will support the acceleration of growth through acquisitions.

Based in Lake Mary, Florida, with operations across the globe, Team Cymru provides high-fidelity threat intelligence feeds and a unique external threat hunting platform, as well as analysis services. In addition to commercial offerings, the company furthers its mission to save and improve human lives by providing no-cost services to a variety of entities, including more than 130 CSIRT teams, network operators, and hosting providers.

“We are impressed by Team Cymru’s differentiated capabilities and its reputation with customers across a wide range of verticals,” commented Tim Mack, Managing Director of Audax. “As a leading provider of insight into malevolent infrastructure and a pioneer in external threat hunting and global security intelligence, we believe Team Cymru is an excellent investment in an accelerating segment of the market.”

The company’s flagship solution, Pure Signal™ Recon, is used by analysts to identify and trace malicious infrastructure, optimize incident response, and detect threats across supply chains and third-party vendors. Its security intelligence has been a key component in the offerings of software and security vendors for many years.
“We’re proud to be a premier source of ground truth for advanced security teams,” stated Rabbi Rob Thomas, Founder and CEO of Team Cymru. “We want to enable security teams at all stages of maturity to better predict attacks, interdict malicious infrastructure, and manage cyber risk more effectively.”

Baird served as exclusive financial advisor to Team Cymru, and Foley & Lardner served as exclusive legal counsel to Team Cymru. Ropes & Gray LLP served as legal counsel to Audax.