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After analyzing over 4,000 companies in the past 18 months, the search firm Aurias, co-led by technology experts Amir Nooriala and Daniel Cárdenas, has successfully acquired the British cybersecurity specialist Saepio Information Security. It marks the second acquisition in the cybersecurity sector in the last few months, following the recent purchase of SSS by Acheron Capital in New Zealand.
Investors backing the acquisition include Ambit Partners, Ethos Partners, Istria Capital, Maven Equity Partners, Miramar Equity Partners, ONEtoONE Asset Management, TTCER Partners, and private investors such as Simon Webster, Will Thorndike, Marc Bartomeus, José María Clotet, and Rafa Ruiz, among others.
Founded in 2016, Saepio operates in a highly sophisticated and rapidly evolving market due to cybersecurity threats, requiring specialized and experienced personnel. The estimated market spend on cybersecurity in the UK is £10.5 billion per year, with an expected annual growth rate of 11%-13%, providing ample opportunity for Saepio’s expansion.
Saepio’s core business involves advising and reselling cybersecurity software to midsize and large companies. With 57 employees, Saepio achieved a turnover exceeding £25M in 2023, representing a 46% increase in sales and a 32% increase in EBITDA, with a net profit of £2.3M.
Leveraging his solid background in technology and finance gained from his tenure at Silicon Valley, Accenture, OakNorth, and Barclays, Amir will oversee sales management, solutions, and service operations. Meanwhile, Daniel, with extensive experience in investments and business management from his time at Triple Point and Notion Capital, will closely supervise and collaborate with the operations and finance departments. Their goal is to establish Saepio as the leader in European cybersecurity.
Legal: Shoosmiths / DD: Saffery & CIL Management Consultants / Banking: Altenburg Advisory
