Feeds

Brit security biz Clearswift pockets £30m from sugar daddies

Email and web guardian bought by Lyceum

Providing a secure and efficient Helpdesk

Investment house Lyceum Capital has bought UK-based content security firm Clearswift. Financial terms of the deal, announced on Tuesday, were imprecise but a spokeswoman said that around £30m will be ploughed into the business.

Clearswift, which plays in the email and web gateway segment of the security software market, also offers data loss prevention products that compete against Symantec, Sophos and other big players in an enterprise-focused market.

The Brit biz wants to use the investment to expand into key vertical sectors (outside of its core heartland of government and defence) and expand its reach geographically while bolstering its technical capabilities. Targeted acquisitions down the road to meet this goal are a possibility.

In the meantime its new bosses will focus on the hard sell. A statement from Clearswift reads: "Lyceum and our management’s growth strategy will focus on capitalising on the opportunities arising from recent high profile cyber-security breaches, the increase in regulatory compliance and the recent introduction of significant fines in countries, such as the UK, for breaches of data protection legislation."

The firm employs 170 people, almost two thirds of whom are based in the UK. It maintains satellite operations in Germany, Spain, Japan, the US, Australia and the Netherlands. Clearswift’s customers include BAE Systems, An Post, Warwick District Council, T-Mobile and Australia Post. Sales are predominantly channel-based.

The Clearswift acquisition was financed by a group of investors including Amadeus Capital Partners, DFJ Esprit and Kennet.

The deal follows Lyceum's earlier investments in the technology sector this year including its £30m acquisition of managed IT services provider Adapt in September and a £50m investment into Access, a cloud-based accounting and ERP software and services business, back in March. ®

Security for virtualized datacentres

More from The Register

next story
Quit drooling, fanbois - haven't you SEEN what the iPhone 6 costs?
How keen will buyers be when exposed to the real price?
Ex-Autonomy execs: HP's latest wad blows apart fraud allegations
Top bods claim IT titan's latest court filing is smoking gun of 'reckless aggression'
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Elon Musk says Tesla's stock price is too high ... welp, NOT ANY MORE
As Nevada throws the SpaceX supremo a $1.25bn bone
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.