Audax Private Equity Announces Investment in Cyber Threat Intelligence Leader Team Cymru

BOSTON–(BUSINESS WIRE)–Audax Private Equity (“Audax”) today announced that it has made a growth investment in Team Cymru, a global leader in cyber threat intelligence, to support its continued initiatives in the security space. Terms of the transaction were not disclosed. This investment will help expand the depth and breadth of Team Cymru’s solutions, allowing the company to make its unique threat intelligence accessible to a broader user base, and will support the acceleration of growth through acquisitions.

Based in Lake Mary, Florida, with operations across the globe, Team Cymru provides high-fidelity threat intelligence feeds and a unique external threat hunting platform, as well as analysis services. In addition to commercial offerings, the company furthers its mission to save and improve human lives by providing no-cost services to a variety of entities, including more than 130 CSIRT teams, network operators, and hosting providers.

“We are impressed by Team Cymru’s differentiated capabilities and its reputation with customers across a wide range of verticals,” commented Tim Mack, Managing Director of Audax. “As a leading provider of insight into malevolent infrastructure and a pioneer in external threat hunting and global security intelligence, we believe Team Cymru is an excellent investment in an accelerating segment of the market.”

The company’s flagship solution, Pure Signal™ Recon, is used by analysts to identify and trace malicious infrastructure, optimize incident response, and detect threats across supply chains and third-party vendors. Its security intelligence has been a key component in the offerings of software and security vendors for many years.

“We’re proud to be a premier source of ground truth for advanced security teams,” stated Rabbi Rob Thomas, Founder and CEO of Team Cymru. “We want to enable security teams at all stages of maturity to better predict attacks, interdict malicious infrastructure, and manage cyber risk more effectively.”

Baird served as exclusive financial advisor to Team Cymru, and Foley & Lardner served as exclusive legal counsel to Team Cymru. Ropes & Gray LLP served as legal counsel to Audax.

About Team Cymru

Since 2005, Team Cymru has worked with security and analysis teams across the globe, enabling them to track and take down malevolent infrastructure and campaigns of all kinds. With visibility into all of the components behind online crime campaigns, the company is a leader in threat intelligence and adversary infrastructure mapping. This Pure Signal™ intelligence powers many security vendors and Fortune 100 security teams. Team Cymru also provides no-cost services to network operators, 130+ CSIRT teams, and hosting providers around the world. For more information, visit and follow us on Twitter at @Teamcymru.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $7 billion in more than 140 platforms and over 975 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: or follow us on LinkedIn.


For Audax Private Equity:
Julie Rudnick / Zachary Tramonti

Sard Verbinnen & Co