Investcorp acquires Italian cybersecurity company HWG

By Arya M Nair, Official Reporter
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Investcorp Technology Partners (ITP), a European technology sector-focused unit of Bahrain-based leading global alternative investment firm, Investcorp, has acquired a majority stake in Italian cybersecurity company, HWG.

This is the first investment from ITP’s Fund V and also marks its third cybersecurity transaction within less than two years following the acquisition of Germany’s leading cybersecurity provider, Avira, in 2020, which was subsequently sold to an American software company, NortonLifeLock.

HWG, based in Verona, Italy, was established in 2008 and is a leading independent provider of cybersecurity solutions in the country, with a strong focus on security operations center solutions. HWG’s solutions help companies proactively prevent, manage and reduce the impact arising from modern cybersecurity threats in an increasingly connected and digital world.

HWG now protects the mission-critical systems of a loyal and diverse customer base comprising enterprise and mid-size companies active across multiple industries, including finance, fashion, automotive, telecommunications and manufacturing.

Enrico Orlandi
Enrico Orlandi
Founder & CEO – HWG

“The demand for expertise and capabilities to prevent breaches and minimize impact from attacks continues to be on the rise. Our business has experienced exceptional growth over the past few years, thanks to HWG’s broad offering, its talented and passionate people and its customer support. ITP has an exceptional track record of partnering with and growing security and technology companies, and we look forward to their support to become an even stronger partner to our clients and expand our international footprint to help companies defend themselves against cybercrime.”

Mr. Gilbert Kamieniecky, Head of Investcorp’s Technology Private Equity business said that “HWG offers a distinct platform is an important and growing sector and has proven its cybersecurity capabilities as a leading independent provider in the Italian market. We are excited to partner with Enrico Orlandi and the team, who developed HWG into what it is today, to unlock the next level of growth for the company.”

ITP specializes in investing in businesses like HWG that focus on B2B end markets, solve mission-critical problems, have the potential to expand internationally and feature multiple avenues for potential growth and significant cash-flow generation alongside quality recurring revenue and good revenue visibility.

Related: Investcorp makes $1.75mn investment in Indian pharmaceutical firm V-Ensure