- CyberGuard is founded in 2009 by Jim Jimenez and Tim Roncevich
- ASC invests in lower middle market companies
- The firm targets entrepreneurial management partners and companies between $4 million and $25 million of EBITDA
Atlantic Street Capital has acquired the assets of CyberGuard Compliance LLP, a Las Vegas-based provider of IT compliance and cybersecurity audit and assessment services. No financial terms were disclosed.
CyberGuard is founded in 2009 by Jim Jimenez and Tim Roncevich.
On the transaction, ASC Managing Partner Whit Williams said in a statement: “Investing in CyberGuard represents an opportunity to partner with a proven management team with demonstrated experience in IT compliance and cybersecurity services. Additionally, an accelerated M&A strategy will further expand CyberGuard’s platform and breadth of services.”
ASC is a private equity firm that invests in lower-middle market companies. The firm targets entrepreneurial management partners and fundamentally sound companies between $4 million and $25 million of EBITDA.