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Deal of the Year | Momentum Cyber merger of Fishtech Group and Herjavec Group

Bringing Two Industry Leaders Together

SC Media today announced the winners of their 2022 SC Awards, including “Deal of the Year” for the Momentum Cyber merger of Fishtech Group and Herjavec Group to form Cyderes. From SC Media’s announcement:

Cyderes emerges from the merger of Fishtech Group and Herjavec Group, forming a formidable cyber services company.

The deal orchestrated by Momentum Cyber between Fishtech Group and Herjavec Group created a strong cyber services company now known as Cyderes that offers a suite of managed detection and response (MDR), professional services, and identity offerings to address the increasingly complex information security needs of enterprise customers.

Click here to access all coverage of the 2022 SC Awards.

Fishtech’s MDR offers a comprehensive Security-as-a-Service operation that supplies the people, process, and technology enterprises need to manage cybersecurity risks, detect threats, and respond to incidents in real-time. This integrates well with Herjavec Group’s existing services and will let both companies enhance a combined product reaching a broader target customer base. In addition the Apax Funds, in partnership with the company’s management team, will build on the companies’ impressive growth by enhancing international expansion efforts, continuing to invest behind differentiated technology and augmenting the talented team with additional threat intelligence and identity resources.

About Cyderes
As the #1 MSSP in the world (Cyber Defense Magazine’s 2021 Top MSSPs List), Cyderes is a global cybersecurity powerhouse offering comprehensive solutions in managed security, identity and access management, and professional services for the modern enterprise. Cyderes provides the people, processes, and technology to manage risk, and detect and respond to any threats – in ways that are better, faster, more cost-effective, and more scalable than traditional in-house solutions. Cyderes has six security operations centers across the United States, Canada, the United Kingdom, and India.

About Apax
Apax Partners LLP (“Apax”) is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information about Apax, please visit www.apax.com.