Warburg Pincus-backed cybersecurity firm eSentire explores sale, sources say
By Milana Vinn
NEW YORK, Aug 13 (Reuters) -The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter.
ESentire — which is owned by investment firms Warburg Pincus, Caisse de dépôt et placement du Québec (CDPQ) and Georgian — is working with investment bank Evercore EVR.N on a sale process that could attract interest from other private equity firms, the sources said, requesting anonymity as the discussions are confidential.
Waterloo, Ontario-based eSentire's owners are hoping to command a valuation for the company equivalent to more than 7 times its annual recurring revenue of about $150 million, the sources said, cautioning that no deal is guaranteed.
Warburg Pincus, CDPQ and Evercore declined to comment. Georgian and eSentire did not respond to requests for comment.
Founded in 2001, eSentire is a maker of artificial intelligence-powered cybersecurity tools that help companies investigate and stop security threats before they disrupt operations. It counts more than 2,000 organizations in over 80 countries across several industries among its customers.
Warburg Pincus first invested in eSentire in 2017. Canadian pension fund CDPQ and Canadian venture capital firm Georgian acquired a significant stake in eSentire from Warburg in 2022.
Dealmaking in the cybersecurity industry has been robust amid a surge in spending on AI-based security software from large corporations. Earlier in August, Reuters reported that Japanese cybersecurity firm Trend Micro 4704.T is exploring a sale after attracting takeover interest.
In July, Google parent Alphabet attempted to strike a $23-billion deal to buy cybersecurity startup Wiz before the talks fizzled out.
Reporting by Milana Vinn in New York; Editing by Shounak Dasgupta
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
