Nebulas is a well known vendor and has a good reputation with 50 staff and a customer bases across mid to large UK enterprises. Investcorp has snapped it up for an undisclosed sum and is getting Nebulas’s founder and CEO Nick Garlickas part of the deal.
It looks like the plan is to combine Nebulas with the Scandinavian player Coresec Systems to create an operation selling into six European countries. This will create an outfit which has 550 staff and €235m in revenue.
Carsten Hagenbucher, managing director in Investcorp’s Corporate Investment team in Europe, claimed that the combined entity would be the second largest cyber security player in Europe.
“The Nebulas acquisition gives us access to new markets, increased scale, a diversified product offering and a wealth of new talent and expertise. With this second add-on acquisition we believe we are one step closer to forming the leader in pan-European cyber security and we think Nebulas is the perfect fit as we continue building upon this goal,” he said.
The new owners of Nebulas view the UK as the largest security market in Europe and saw a chance to buy Nebulas as a chance to step up its European expansion and get much more of a foothold in Britain.