Bridgepoint has today announced that Bridgepoint Development Capital IV (BDC IV), a fund focused on investing in mid-market growth businesses, has made a strategic investment in DataExpert, a leading provider of products and services to combat cybercrime and fraud, and deliver forensic and incident response services.
As part of the transaction, INTERSTELLAR, a collection of managed service providers and IT specialists, will sell its stake in DataExpert to Bridgepoint. Financial terms of the transaction were not disclosed.
Founded in 1990, DataExpert joins forces with its customers to reduce and solve cybercrime and fraud by providing a tailored package of software, hardware, training, consultancy, and support. Headquartered near Utrecht in the Netherlands, DataExpert operates in more than 20 countries across Europe.
The leader in cybersecurity services has achieved strong growth in recent years across its three key divisions: forensics, analytics and cybersecurity. From its core Benelux market, the trusted cyber-crime adviser has successfully expanded into the Nordic countries.
DataExpert will continue to unlock the growth potential of the attractive cybersecurity market, taking advantage of the sector’s structural growth drivers including continuously evolving cyber threats, greater IT infrastructure complexity and an increasing need to investigate the origin of cyber events.
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The latest partnership builds on Bridgepoint’s growing track record and expertise in the cyber security space including its strategic investment in Infinigate, a leading distributor of enterprise cybersecurity solutions to SMEs in Europe.
Robbert Bakker, CEO of DataExpert, said: “With the backdrop of quickly evolving cyber threats and IT challenges, we continue to see strong demand for our cyber security solutions and services. The mission of DataExpert is to provide maximum support to our customers in combating cybercrime and promoting cyber security, nationally and internationally. Bridgepoint has significant experience of investing in and growing first class businesses in our sector, and we look forward to continuing this mission whilst further developing our offering, expanding our geographic presence, and unlocking our next phase of growth.”
David MacKenzie, Partner at Bridgepoint Development Capital, said: “We look forward to partnering with DataExpert during its next stage of growth. DataExpert is a unique cybercrime platform, with a market leading position and clear domain expertise. Their focus on complex, post-event cyber solutions mean they are uniquely positioned in the rapidly evolving cybercrime market. We share the leadership teams’ ambition to grow through expanding their product offering, broadening their customer base and targeting new territories globally, all while continuing to partner with vendors and customers to fight against cybercrime and fraud.”
Maarten van Montfoort, CEO at INTERSTELLAR, said:“DataExpert has performed exceptionally well in recent years, as we have worked closely to support the business in reaching its growth ambitions and developing its offering. After careful consideration, we have agreed with management that now is the right time for new ownership. We are very pleased that DataExpert will continue its successful journey with Bridgepoint, a team with strong expertise and capabilities in supporting leading businesses within the sector. We wish them and the management team all the best in the future. Of course, INTERSTELLAR and DataExpert will continue their partnership for Incident Response Services for joint customers.”
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