Audax Group Reviews $1.5 Billion Sale Of BlueCat Networks
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Audax Group is negotiating the sale of BlueCat Networks for $1.5 billion, with JP Morgan managing the process. The private equity firm, which acquired BlueCat in 2022, values the company at $1.5 to $2 billion, generating over $100 million in annual revenue. The software sector, particularly cybersecurity, is experiencing high M&A activity, driven by demand for AI and machine learning. A report highlights cybersecurity as a high-growth area for investment due to ongoing innovation and structural demand.
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