Equistone Partners Europe, a London-based mid-market private equity firm, has acquired a majority stake in German cloud application cybersecurity software company Eperi. Financial terms of the transaction were not disclosed, and Eperi CEO Elmar Eperiesi-Beck will continue to lead the company.
This is technology M&A deal number 206 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
Eperi will focus on growing internationally, according to a prepared statement. It will leverage a targeted buy-and-build strategy to accelerate its growth. Translation: Eperi apparently will seek to grow both organically and through acquisitions.
A Closer Look at Eperi
Eperi provides cybersecurity solutions for data protection and security in on-premise, hybrid and multi-cloud environments. It has experience with data encryption for cloud applications and supports international customers in finance, health and other sectors.
Organizations use Eperi's solutions to secure IT infrastructure and applications, Equistone noted. These solutions also help organizations comply with various data security regulatory requirements.
In addition, Eperi offers a channel partner program for its cloud-based solutions. The program provides partners with access to technical support and onboarding, discounts and sales and marketing support.
What Does the Eperi Acquisition Mean for Equistone?
Eperi brings a "forward-looking, fast-growing company" to Equistone's portfolio, Senior Partner Dr. Marc Arens said. It has become a leading international company with a large customer and partner network since its inception in 2014 and looks poised to accelerate its growth moving forward.
Furthermore, Eperi could help Equistone capitalize on rising demand for cloud application security solutions globally. Cloud app security market revenues are projected to grow and could reach nearly $13.7 billion by the end of 2022, industry analyst MarketsandMarkets indicated.