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Avecto has received a $49m growth equity investment from JMI Equity

By Chris Lewis 02 Dec 2015

Results International is delighted to have advised Avecto, the leading endpoint security software firm on its $49m (£32m) minority investment from JMI Equity, a US-based growth equity investor focused on backing leading software and services companies.

SITUATION

Avecto is a market leader in the large and fast-growing $3 billion endpoint security sector. Headquartered in Manchester, UK, with offices in Boston, USA, Melbourne, Australia and Frankfurt, Germany, Avecto was founded by entrepreneurs Mark Austin and Paul Kenyon in 2008. Since that time, the company has demonstrated significant growth, serving a roster of over 600 enterprise clients and adding over 100 new customers per year for the past five years. Avecto has grown revenue over 50% on a compounded annual basis since 2012, and has grown profitably every year since inception.

OPPORTUNITY

After several years of rapid growth and following the launch of the innovative DefendPoint suite, Avecto’s founders decided that the timing was right to seek an investment partner to enable the company to best capture the very large, global market available to it.

This led to Results International being appointed to support the company in evaluating its investment options, preparing for a highly competitive process, seeking out the most appropriate partners on a global basis, and executing a transaction.

OUTCOME

Results leveraged its relationships with top tier global growth equity investors to identify a number of the best strategic partners for Avecto.  These firms had exemplary track records backing high growth technology companies and shared the shareholders’ excitement about Avecto’s positioning in the fast-growth cyber security market.  Results also managed a fast and highly competitive process, negotiating excellent terms for the shareholders.

PAUL KENYON & MARK AUSTIN, FOUNDERS & CO-CEOS, AVECTO, COMMENT:

“From start to finish the Results team were fantastic. They drove the process forwards relentlessly, were always on top of the detail but never lost sight of the big picture. We would recommend them to anyone.”

“The team at Results are experts in working with high growth software businesses. After taking the time to deeply understand our business and our own aspirations as founders, they supported us every step of the way in delivering a great deal with our preferred investor.”

To discover how Results International can work with you, please contact Chris Lewis or Mark Williams.

Chris Lewis

Partner

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