New York, USA-based leading provider of global supply chain risk management data, software and services, apexanalytix, acquires London, UK-based provider of supplier cyber risk management solutions, Darkbeam. The company announced the acquisition on September 27, 2023. However, it did not disclose the amount of the transaction.
Purpose of the acquisition by apexanalytix
With the latest acquisition of Darkbeam, the companies can now provide enhanced capabilities to clients. It also includes the ability to sense and reduce risk to their critical operations caused by cyberattacks on the suppliers in the supply chain.
This acquisition is the latest milestone in the growth of apex. Earlier in 2022, the company received a majority investment from funds managed by KKR, a leading global investment firm. Carousel Capital also continues to be a minority investor in apex.
What the apexanalytix officials have to comment
Steve Yurko, CEO of apexanalytix, said, “Organizations are inundated with voluminous risk signals in their supply chain that, in aggregate, are just not actionable. Our clients need a solution that not only amplifies the faint signals of risk but then automates the next best action as determined by client business rules, for example automatically placing a supplier on hold. Darkbeam’s powerful technology uncovers global cyberattacks as they are happening in real-time and on the dark web. With this acquisition, our clients know that, along with all other supplier risk domains, their supply chains are now also constantly and natively monitored for cyber risk. We are thrilled to bring a highly differentiated, automated and world-class risk management function to market via the apex-portal.”
What the Darkbeam officials have to comment
Charles Clark, CEO of Darkbeam, said, “Joining forces with apexanalytix represents a tremendous opportunity for Darkbeam. By coupling our dynamic cyber risk management capabilities with apex’s robust risk management platform, we are providing a comprehensive solution that offloads the significant burden of cybersecurity for clients and allows them to focus on what matters most to their business. We’re thrilled to play a part in developing this market-disrupting solution.”
What the officials of KKR have to say
Webster Chua, Partner at KKR, said, “When you ask business leaders about their top priorities today, they will inevitably bring up cybersecurity, supply chain and operational efficiency. With this acquisition, apex will extend its lead by providing an all-in-one solution for the world’s most complex global enterprises.”
About apexanalytix
Jim Arnold, in 1988, launched apexanalytix. The company is a pioneer in the supply chain software, data, and analytics markets, leveraging in data-powered software and services for supplier management, fraud prevention, and overpayment recovery. Today, apex serves more than 250 Fortune 500 and Forbes Global 2000 companies. It protects more than USD 9 trillion of annual spending across the world’s most complex supply chains.
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