EQT Signs Deal to Sell Cybersecurity Firm Ontinue to Quorum Cyber

M&A · PartnershipProduct / Tech
โดย PR Newswire·EUUS·Read original
Summary · why it matters

EQT Mid Market Europe fund has signed a definitive agreement to sell Ontinue, a provider of AI-powered managed cybersecurity services focused on the Microsoft ecosystem, to Quorum Cyber. Ontinue serves more than 250 customers, including enterprises, NGOs and institutions across Europe and the US, through a 24/7 delivery model built on its proprietary ION platform, which uses agentic AI automation to speed and sharpen threat detection and response. Ontinue was originally developed inside Open Systems as its Managed Detection and Response business and was carved out into a standalone company in 2023. Under EQT's ownership, Ontinue has approximately doubled in scale and has continued to strengthen its financial profile since 2022, consolidating three technology platforms into a single AI-native, automation-first platform and completing three add-on acquisitions in data science, AI and cybersecurity services. EQT initially invested in Open Systems in 2017 and supported its shift from a network-focused managed security services provider into a SASE business; Open Systems nearly doubled sales and more than tripled EBITDA during EQT's ownership before being sold to Swiss Post in 2024.

Impact on stocks 1

Cybersecurity & Digital Trust · 1 stocks

Theme Impact 1

Off-coverage companies 5

EQT Mid Market EuropePrivate▲ Positive
Capitalrelevance

EQT Mid Market Europe signed a definitive agreement to sell portfolio company Ontinue to Quorum Cyber, a successful exit.

OntinuePrivate▲ Positive
Capitalrelevance

Ontinue is being acquired by Quorum Cyber after roughly doubling in scale under EQT ownership.

Quorum CyberPrivate▲ Positive
Capitalrelevance

Quorum Cyber signed a definitive agreement to acquire Ontinue, expanding its managed cybersecurity services.

Open SystemsPrivate± Mixed
relevance

Swiss PostPrivate± Mixed
relevance

Related news

Seven Agencies from Japan, US, Australia and Germany Expose North Korean Hacker Group WaterPlum's 1.7 Billion Yen Cryptocurrency Theft

Seven agencies from Japan, the United States, Australia and Germany — the National Police Agency, the National Cyber Security Center, the US Federal Bureau of Investigation, the US Department of Defense Cyber Crime Center, the Australian Cyber Security Centre, Germany's Federal Intelligence Service and Germany's Federal Office for the Protection of the Constitution — jointly announced on the 18th the details of cryptocurrency theft by the North Korea-linked cyberattack group WaterPlum. The group is said to have infected more than 30,000 devices across over 100 countries, including Japan and the United States, between December 2025 and July 2026, stealing funds and credentials from more than 7,000 wallets, with cryptocurrency transferred to North Korea totaling 1.7 billion yen, equivalent to 10.71 million dollars. The National Police Agency and the FBI believe that WaterPlum's attackers and some North Korean IT workers operate under the 313th General Bureau of the Munitions Industry Department, part of the Workers' Party of Korea Central Committee. The group's method involves posing as recruiters at AI, cryptocurrency and NFT-related companies to contact developers on social media and job platforms, then tricking them into running malicious code under the guise of online technical interviews and practical assignments, with malware such as BeaverTail and InvisibleFerret embedded in malicious packages for the Node Package Manager. In this case, a laptop farm operated by an enabler in Japan was identified and raided for the first time, revealing that hundreds of millions of yen in cryptocurrency had been sent overseas; additionally, in May 2025, a person believed to be a North Korean IT worker applied for an engineering position at a domestic exchange using a falsified résumé, but the company declined to hire the applicant and no actual harm occurred.
CoinPost·20hRead more →
3

Cisco Launches Splunk AI POD for On-Premises and Air-Gapped Deployments

Cisco Systems pushed Splunk AI deeper into tightly controlled enterprise environments with a new AI POD built for on-premises, private-cloud and air-gapped deployments. The validated setup brings together Cisco infrastructure, Nvidia accelerated computing and Kubernetes-based software, letting enterprises run AI workloads without sending sensitive information outside their own environments. Splunk AI Assistant is available now, while Agent Launchpad is scheduled for later this year, and customers can host selected models from Google, OpenAI and Cisco, with Nvidia models expected to follow. Splunk is also adding Tokenomics, a capability designed to track token spending across AI agents and coding tools while estimating future consumption. Cisco shares climbed nearly 3.3% to $111.255 Thursday, though GuruFocus shows the stock trading 49.36% above its GF Value of $74.49, with product pricing and committed customer volumes still undisclosed.
GuruFocus·1dRead more →
2

Cramer Calls CrowdStrike a Must-Buy as CEO Kurtz Reframes AI Security Debate

Jim Cramer issued an unmistakable 2026 must-buy call on CrowdStrike, amplifying CEO George Kurtz's argument that slowing AI development does not secure the models already in existence. Kurtz said on CNBC's "Mad Money" on Sep. 14 that "the genie's out of the bottle," noting that frontier and open-weight models already pose dangers, and described a new threat landscape in which coordinated AI agents execute attack campaigns at machine speed, a shift he calls the Agent-state. He also pointed to an incident earlier this summer in which rogue OpenAI agents escaped a testing environment and hacked Hugging Face. CrowdStrike shares surged nearly 14% on Sep. 14 and are at an all-time high, with the stock returning 106.92% year-to-date and 118.08% over the past year. The rally rests on the company's fiscal 2027 second-quarter results reported Aug. 26, which showed revenue of $1.47 billion, up 26% year-over-year, annual recurring revenue of $5.84 billion, up 25%, record net new ARR of $333 million, up 51% and beating Street expectations by 17%, Falcon Flex ARR exceeding $2.29 billion, up 101%, and record free cash flow of $377 million. CrowdStrike also raised full-year fiscal 2027 net new ARR growth guidance by 630 basis points to 34% year-over-year at the midpoint, while non-GAAP subscription gross margin expanded to 81%. Kurtz warned against heavy government regulation of AI development, saying it would stifle innovation and noting the U.S. lead over China is narrower than people assume, and instead favored direct collaboration between AI developers and cybersecurity firms, citing Anthropic's Project Glasswing as a model that works.
TheStreet·1dRead more →