Apax to acquire a majority stake in Herjavec Group.

Apax Partners, a private equity firm, agreed to acquire a majority stake in Herjavec Group, a cybersecurity services provider. Financial terms were not disclosed. "Under Robert's leadership, HG has grown into an impressive business, providing critical cybersecurity solutions with a special focus on customer service. In an increasingly complex cybersecurity and IT market, where we are seeing ever more sophisticated cyber-crime, HG is a trusted partner that relieves the burden from internal enterprise security teams. We are excited to partner with Robert and team as we look to drive the business forward, investing in continued product innovation and growth acceleration while maintaining the company's number one priority: its customer eccentricity," Rohan Haldea, Apax Partner.