Searchlight Cyber Expands with Assetnote Acquisition
Deal News | Jan 29, 2025 | B Daily
Searchlight Cyber, an online security company based in Portsmouth, has significantly expanded its operations through the acquisition of Assetnote, a cybersecurity firm located in Brisbane. This strategic purchase is seen as a crucial step in Searchlight's growth trajectory, enhancing its cyber defense capabilities with Assetnote's industry-leading monitoring software. The acquisition will also see the entirety of Assetnote's team, including co-founders Michael Gianarakis and Shubham Shah, integrate into Searchlight Cyber. Ben Jones, co-founder and CEO of Searchlight Cyber, expressed excitement about the acquisition, noting the immense value the Assetnote team brings to their operations. Legal expertise for the transaction was provided by Mintz and Corrs Chambers Westgarth, while AGC Partners served as the exclusive financial advisor to Assetnote.
Sectors
- Cybersecurity
- Mergers and Acquisitions
Geography
- United Kingdom – Searchlight Cyber is based in Portsmouth, reflecting the article's connection to the UK market.
- Australia – Assetnote is based in Brisbane, indicating the international nature of the deal and its relevance to the Australian market.
Industry
- Cybersecurity – The article is primarily about companies involved in cybersecurity, highlighting asset protection and threat detection solutions as core aspects of their business activities.
- Mergers and Acquisitions – The expansion and acquisition of Assetnote by Searchlight Cyber represent a significant M&A activity in the tech industry.
Financials
- Not Disclosed – The financial terms of the acquisition deal between Searchlight Cyber and Assetnote were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Searchlight Cyber | Acquiring Company | Company | A cybersecurity firm headquartered in Portsmouth focused on enhancing its cyber defense capabilities. |
| Assetnote | Target Company | Company | A Brisbane-based cybersecurity company providing monitoring software to identify and address key threats. |
| Michael Gianarakis | Co-founder and CEO of Assetnote | Person | Leader at Assetnote continuing in a key role post-acquisition. |
| Shubham Shah | Co-founder and CTO of Assetnote | Person | Technology expert at Assetnote, joining Searchlight Cyber's team. |
| Ben Jones | Co-founder and CEO of Searchlight Cyber | Person | Executive leader at Searchlight Cyber overseeing the acquisition strategy. |
| Mintz | Legal Advisor to Searchlight | Company | Legal firm providing advisory services to Searchlight Cyber for the transaction. |
| Corrs Chambers Westgarth | Legal Advisor to Searchlight | Company | Australian law firm advising Searchlight Cyber in the acquisition. |
| AGC Partners | Financial Advisor to Assetnote | Company | Exclusive financial advisory firm for Assetnote in the acquisition process. |