Sumeru Equity Partners (SEP) is pleased to announce that portfolio company Cybera has entered into a definitive agreement to be acquired by PDI (see press release below). Cybera is a leading provider of integrated network security solutions for multi-site customers in the Retail and Petroleum markets.
Sumeru originally identified Cybera in 2014 through thematic sourcing efforts, recognizing a broad need for data security and compliance for tens of thousands of retail locations globally running billions of payment transactions each year. Cybera’s established, easy-to-use platform presents a market-leading solution for distributed enterprises to manage payment networks and other sensitive applications.
SEP closed its majority investment in Cybera in September 2015, partnering with the company’s Founder and a seasoned management team to scale the business with a balanced focus on organic growth and profitability. SEP partnered with Cybera to establish a presence in adjacent and international markets, drive further product innovation to support growth and TAM expansion, and transition the business to a recurring revenue, high margin software offering.
The transaction is expected to close by the end of the year and marks the fourth realization from Sumeru’s 2015 fund, following the sales of Kyriba, Buildium and MDSL in 2019.
December 8, 2020