CG Results International advises Outpost24 on its acquisition of Pwnie Express
- Service: M&A
- Sector: Technology
- Sub Sector: Enterprise SaaS, Cyber Security
- Engagement Type: Buy Side
We are delighted to announce that CG Results International has acted as the exclusive financial advisor to Outpost24, an innovator in identifying and managing cyber exposure, on its acquisition of Pwnie Express, the leading provider of threat detection for bluetooth, wireless and IoT devices.
Founded in 2001, Outpost24 now has over 2,000 customers in more than 40 countries and is a leading cyber assessment company focused on enabling its customers to achieve maximum value from their evolving technology investments.
Pwnie Express is a well-known and trusted security brand with similar roots as Outpost24 in the ethical hacking industry. Pwnie Express’s flagship solution Pwn Pulse provides full threat detection of known and unknown WiFi access points and all Bluetooth devices open for pairing within corporate offices. Pwn Pulse discovers all IT and IoT devices through WiFi and Bluetooth signals on the network and in the surrounding airspace and monitors their behaviours for indicators of compromise or sabotage. The solution provides actionable intelligence to alert security teams of the potential threats so they can defend the network from unauthorized devices.
Pwn Pulse will extend Outpost24’s full stack security assessment platform, allowing customers to assess and monitor their cyber exposure more completely across owned infrastructure, cloud infrastructure and web applications.
In addition to Outpost’s acquisition, CG Results International has advised Intragen on its investment from FPE, Avecto on its sale to Bomgar, MWR Infosecurity on its sale to F-Secure, F-Secure on its acquisition of Digital Assurance and Avecto on receiving investment from JMI Equity. These transactions demonstrate our position as a leading advisor to the European cybersecurity sector and evidence our strong capabilities in delivering high value transactions for disruptive and fast-growth technology companies.
We really enjoyed working with the CG Results team, who added a lot of value through their collaborative approach and strong security industry insights.