Scaling a cybersecurity player in a growing market - Patrick Kane talks about the Apax Digital Funds’ investment in IANS
Patrick Kane
Principal, Apax
The Apax Digital Funds recently announced an investment in IANS, the leading provider of independent, tech-enabled research and advisory services for the information security industry (InfoSec).
Patrick Kane, Principal in the Apax Digital team, discusses the reasoning behind the investment, and how the Apax Digital Funds plan to work with IANS to drive growth and scale in the coming years.
What is IANS?
IANS is an end-to-end information services platform for the InfoSec industry, with solutions spanning data, research, and tech-enabled services. The business focuses exclusively on cybersecurity and the needs of Chief Information Security Officers (CISOs) and their teams. IANS’ offering is powered by a distinguished group of cybersecurity practitioners with ‘lived in’ operating experience, who provide impartial and vendor agnostic advice.
What first attracted you to the business?
At Apax Digital, we have deep experience in the InfoSec sector and with information services businesses more broadly. We had been tracking IANS for some time and understood the scale of the cybersecurity challenges facing enterprises today, as well as the lack of available independent resources to help CISOs confidently confront those challenges. In a noisy market landscape that is flooded with vendor-aligned content, IANS’ independent, practitioner-led model stood out. When we saw the strong word-of-mouth customer growth and high customer satisfaction, we knew it was a special company, and it’s led by a great team.
How has the cybersecurity industry evolved in recent years and how is IANS positioned in the market?
Cybersecurity attacks are increasing in both frequency and complexity, regulatory standards are continuously evolving, and CISOs are facing a growing set of responsibilities amidst a shortage of cybersecurity talent. This “perfect storm” creates a clear need for an information services solution that can help enterprises navigate challenges, improve their cybersecurity postures, and up-skill their infrastructure and teams. IANS’ comprehensive, practitioner-led model is uniquely positioned to meet this market need.
How will ADF partner with IANS to fuel growth?
Over the course of the investment, we plan to support the business in scaling its operations to meet the growing demands of its customers and the broader market. As part of this, we will work closely with Apax’s Operational Excellence Practice team to accelerate product development, expand IANS’ value proposition, and scale its go-to-market efforts, both domestically and abroad. We look forward to partnering with CEO and founder, Phil Gardner, and the rest of the team at IANS to accelerate growth and execute on our joint vision for the company.
Company
Investment year
2024
Deal status
Current