Cyber firm Searchlight grows with Assetnote deal

An online security firm has expanded with an international takeover.

Searchlight Cyber has bought Assetnote.

Bosses at Portsmouth-based Searchlight say the deal for the Brisbane operator represents a “critical step” in the company’s growth journey.

They add it will bolster Searchlight’s cyber defence apparatus, with Assetnote’s monitoring software providing a platform “that enables customers to zero in on the highest-priority threats” and foil hackers.

Under the terms of the deal, Assetnote’s entire team will join Searchlight, including co-founder and chief executive Michael Gianarakis, and co-founder and chief technology officer Shubham Shah.

Ben Jones, Searchlight co-founder and chief executive, said: “The expertise within the Assetnote team, its industry-leading research and its impressive customer base bring huge value to us and our customers.

“We are delighted to celebrate this critical step in our continued growth.”

Michael added: “Having built our business from the ground up, the next phase is all about how we can best expand our options.

“Searchlight is similar in terms of culture, vision and opportunities for growth.

“There is real excitement for the next chapter, and we can’t wait to see the benefits our shared customers will experience.”

Mintz and Corrs Chambers Westgarth acted as legal advisors to Searchlight on the deal.

Assetnote was supported by exclusive financial advisor AGC Partners.

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