▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Sverica Capital Management Announces Sale of Defy Security to Booz Allen Hamilton

Sverica Capital Management LP (“Sverica”) announced today that its Fund V portfolio company Defy Security, LLC (“Defy” or the “Company”), has entered into a definitive agreement to be sold...

Immagine

SAN FRANCISCO: Sverica Capital Management LP (“Sverica”) announced today that its Fund V portfolio company Defy Security, LLC (“Defy” or the “Company”), has entered into a definitive agreement to be sold to Booz Allen Hamilton(“Booz Allen”). This marks the culmination of a five-year successful partnership with Defy, during which the Company tripled in size while maintaining its strong profitability profile and solidified its position as a leading provider of end-to-end cybersecurity solutions. The acquisition is expected to close in the second quarter of the Company’s fiscal year 2026 and is subject to customary closing conditions and regulatory approvals.

Defy was founded by Justin Domachowski in 2017 with the goal of changing the cybersecurity buying experience by delivering high-touch value and service. The Company provides cybersecurity technology products and services to hundreds of enterprise clients and has formed partnerships with 400+ cybersecurity vendors since inception.

Defy has experienced significant growth since Sverica’s initial investment in November 2020. Under Sverica’s ownership, Defy expanded to the West and Central regions of the U.S. while increasing its stronghold in the East, developed a highly scalable talent engine, matured its technical advisory services practice, standardized its go-to-market motion, and made significant investments in the executive team.

Frank Young, Managing Partner at Sverica, said, “As Defy moves on to a new chapter, we reflect with immense pride on the remarkable growth journey over our five-plus year partnership with the Defy team. Justin’s vision and dedication have propelled Defy from a promising regional player to a leading national platform. We're excited to see Defy continue to thrive, bolstered with the resources and scale of Booz Allen.”

Justin Domachowski, Founder and CEO of Defy, said, “It's been an incredible journey watching our vision come to life. Over the past five-plus years, our partnership with Sverica has been instrumental in scaling our operations, attracting top talent, and delivering innovative solutions to some of the world's largest enterprises. I am forever grateful for the amazing team members at Defy and our amazing customers that we get to serve every day. As we join forces with Booz Allen, I'm thrilled about the opportunities ahead to further empower our customers and teams in this ever-evolving threat landscape.”

“Defy has been relentlessly focused on being a customer-first organization since inception. It’s been amazing to see the growth in the business over the last 5 years with this mission intact, and we’re excited to watch that growth continue under Booz Allen’s ownership. We are proud to have been part of this success story,” said Michael Dougherty, Principal at Sverica.

About Defy Security

Defy is a trusted cybersecurity partner for organizations nationwide, delivering tailored solutions and services that align with business goals and strengthen security posture. With a culture built on commitment, partnership, and measurable outcomes, Defy empowers clients to navigate complex security challenges with confidence. www.defysecurity.com

About Sverica

Sverica is a leading growth-oriented private equity firm that has cumulative committed capital of $2.2 Billion since inception. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since inception, Sverica has followed a “business builder” approach to investing and takes an active supporting role in its portfolio companies. Sverica devotes significant internal time and resources to help its management teams develop and execute growth strategies and proactively looks for levers to pull to accelerate growth by reinvesting back into those companies. Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Cloudflare Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its fourth quarter and fiscal year ended December…

World Liberty Forum Reaches Capacity as Global Leaders Prepare to Convene…

World Liberty Financial ("WLFI”) today announced that the World Liberty Forum has reached capacity, with nearly 400 confirmed participants set to convene…

AST SpaceMobile Announces Proposed Repurchases of up to $300.0 Million…

AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly…

Seismic Announces Intent to Merge With Highspot

Seismic and Highspot today announced they have signed a definitive agreement to merge the companies. The transaction will bring together two leading enablement…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!