Houlihan Lokey Advises Cybolt

Transaction: Cybolt - Pontis Research

Houlihan Lokey is pleased to announce that Cybolt Inc. (Cybolt) has integrated Pontis Research Inc. (PRI). The transaction closed on May 14, 2024.

Headquartered in Miami, Florida, and founded in 2019, Cybolt is a pure-play cybersecurity services firm providing a full suite of cybersecurity and technology offerings to clients across North America. With a solid offering portfolio through a successful integration of Latin American cybersecurity leaders since 2019, Cybolt now serves more than 200 clients across key sectors, including finance, retail, manufacturing, and public. Cybolt is positioned as one of Mexico’s top cybersecurity services providers with a vision for expansion to the U.S. market, leveraging its operational success and prior M&A experience.

PRI provides services in the identity access management (IAM) and risk management segments of the cybersecurity industry with Fortune 500 clients across the U.S. Founded in 1994, the company provides the following services:

  • Advisory Services: IAM maturity assessment program for strategy and roadmap, requirement development, and product selection (from proposal to finalization).
  • Implementation Services: identity management with governance, access management, and privileged access management.
  • Managed Services: SaaS hosting, monitoring, and management services.

In addition to the services above, the company has two flagship products, iamaware™ and iamsmart™, that offer a unique feature set for IAM and enhance service delivery by allowing customers to quantify the return on investment of their IAM spend.

"As IAM experts, we've witnessed cyber attacks grow more perilous for organizations. This strategic partnership leverages our collective strengths while preserving our uniqueness. As we enter our third decade, we're excited to serve customers even better,” said Vinita Bhushan, PRI’s Founder and CEO.

Houlihan Lokey served as the exclusive buyside financial advisor to Cybolt.

Houlihan Lokey’s IT Services team is among the most active M&A advisors in the market, having closed nearly 90 IT services transactions in the past 24 months.* This most recent transaction further strengthens Houlihan Lokey’s leadership in the cybersecurity services universe and highlights continued momentum and leadership in its core vertical, which includes cloud/data and analytics, digital engineering, enterprise applications, and managed and security services.

*Includes acquired firm transactions.

RELATED: Cybersecurity, Business Services, Financial Sponsors Coverage