Audax Private Equity agreed to purchase the Toronto network-security vendor for more than $700 million, industry sources told The Globe and Mail. The transaction is expected to close in the third quarter and is subject to conditions. (The Globe and Mail, The Logic)
Skip to content
Audax Private Equity agreed to purchase the Toronto network-security vendor for more than $700 million, industry sources told The Globe and Mail. The transaction is expected to close in the third quarter and is subject to conditions. (The Globe and Mail, The Logic)
Talking point: In 2017, another American private equity firm, Madison Dearborn Partners, bought a majority stake from BlueCat’s co-founders. The deal valued the company at roughly $400 million at the time. BlueCat CEO Stephen Devito said in a statement that Audax’s investment is “a significant milestone” as the firm has a strong record of helping startups grow. BlueCat looks “forward to benefiting from the firm’s value-add resources,” he said. This week also saw Glia acquire Vancouver’s Finn AI and Axonify acquire Waterloo’s Nudge.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Alberta’s new pipeline would follow Trans Mountain’s route through southern B.C.
Briefing
A $4.6B power project tied to a Meta-linked Alberta data centre gets the green light
Quebec launches $1B water infrastructure housing program
Radical Ventures backs TwelveLabs in US$100M Series B for video AI tools
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
