“We’re exceptionally proud of our results to date and even more excited about the growth to come. We’re honored that so many organizations trust Fishtech to be their managed solutions provider. With complementary offerings from Herjavec, we will transform the security industry globally.”
– Gary Fish, CEO of Fishtech Group
“We could not be more thrilled to join forces with industry pioneer Gary Fish, whom I have known for decades. We are very impressed by Fishtech’s MDR offerings and its proprietary platform built on Google Chronicle, which we consider highly differentiated.” – Robert Herjavec, CEO of Herjavec Group
“By putting together two best-in-class organizations, we are confident that the combined platform will become an undisputed leader in Cybersecurity services in the enterprise segment and have an opportunity to redefine the market category.” – Rohan Haldea, Partner at Apax
Transaction Overview
- On December 30th, 2021, Fishtech Group ("Fishtech") and Herjavec Group ("Herjavec") announced their merger, backed by funds advised by Apax Partners LLP (the "Apax Funds"). The two innovative companies will operate as a single entity under a new brand to be announced in early 2022. The Apax Funds will hold a majority stake in the new company while Robert Herjavec, Founder & CEO of Herjavec and star of ABC's Emmy award winning ratings giant "Shark Tank," and Gary Fish, Founder and CEO of Fishtech, will each maintain significant equity in the new business
- Fishtech Group is a leading current-generation service provider enabling secure business transformation. Fishtech's experienced cybersecurity professionals plan, produce, and implement innovative solutions that ensure security and success. Founded in 2016, Fishtech brings security to the cloud while identifying vulnerabilities and introducing next-generation solutions to help organizations minimize risk
- Herjavec Group was founded in 2003 and acquired by the Apax Funds in February 2021. Herjavec has been recognized as one of the world's most innovative cybersecurity firms and is currently ranked as the #1 MSSP in the world (Cyber Defense Magazine 2021 Top 100 MSSPs List)
- At the time of the merger, the new organization brings together more than 600 security professionals operating out of 6 security operations centers (SOCs): Kansas City, Toronto, London, Ottawa, Arkansas, and Bangalore
- Robert Herjavec will serve as Chief Executive Officer of the combined entity. Gary Fish will serve as Chairman of the Board
- The combined company will have one of the largest managed security engineering teams under one roof – entirely dedicated to delivering innovative solutions to enterprise clients
Transaction Significance
- The deal brings together the complementary strengths of both organizations, resulting in an industry powerhouse with a broad, holistic suite of best-in-class managed detection and response capabilities (MDR), professional services, and identity offerings with a global perspective to address enterprise customers' increasingly complex information security needs
- Joining the forces of Herjavec, a market leader in cloud and tech-enabled co-managed SIEM, with Fishtech, a market leader in enterprise MDR, will allow the new company to provide customers with unparalleled security and cloud expertise, driving security maturity as a competitive differentiator via advanced technology and services across the industry landscape
- The Apax Funds, in partnership with the newly formed company's management team, will help build on the companies' impressive growth rates to date by enhancing international expansion efforts, continuing to invest behind differentiated technology and augmenting the talented team with additional threat intelligence and identity resources
- Herjavec was particularly impressed by Fishtech's MDR offerings and its proprietary platform built on Google Chronicle, which is considered highly differentiated in the market
- The combined platform will jointly invest behind this market-leading solution and strengthen what are already deep partnerships, providing customers with enhanced operations and stronger support for digital transformation initiatives
Momentum Cyber's Role
- Momentum Cyber served as exclusive financial & strategic advisor to Fishtech Group
- Momentum Cyber previously advised Herjavec Group on its February 2021 acquisition by Apax Funds
- This transaction demonstrates Momentum Cyber's deep domain expertise in cybersecurity M&A and MSSP/MDR markets, along with its proven track record advising leading managed security service providers on strategic transactions
If you’re navigating a critical inflection point in cybersecurity growth, M&A, or capital strategy, Momentum Cyber brings unmatched sector expertise and senior-level advisory to every engagement. Let us advise you today and help you maximize value with confidence in an increasingly complex cyber landscape.