Sweepatic in strategic acquisition

Cresco acted as lead counsel to all shareholders and sellers of Sweepatic NV in the strategic acquisition by Outpost24.

Over the past years Cresco acted a strategic advisor to Sweepatic, its founders and management in the design and negotiation of several capital rounds with renowned institutional investors including ParticipatieMaatschappij Vlaanderen, eCAPITAL’s Cybersecurity and Technologies Funds and TIIN Capital’s Dutch Security Tech Fund, and assisted Sweepatic’s management in its key commercial contracts.

This long-standing collaboration is a testament to Cresco being a trusted advisor to founders and investors of technology ventures, and its expertise in assisting scaleups in their corporate and funding transactions, commercial contracting, IP monetization and exits.

Sweepatic is a European leader in External Attack Surface Management. Its cloud-native EASM platform automates the continuous mapping, analysis and monitoring of all internet-connected assets and risks. Running 24/7, the Sweepatic Platform delivers attack surface observations via notifications and an easy-to-use dashboard. In this way, Sweepatic supports organizations in structuring and reducing their external attack surface – making them an unpopular target for bad actors. Visit https://www.sweepatic.com/ for more information.

The Outpost24 group is pioneering cyber risk management with vulnerability management, application security testing, threat intelligence and access management – in a single solution. Over 2,500 customers in more than 65 countries trust Outpost24’s unified solution to identify vulnerabilities, monitor external threats and reduce the attack surface with speed and confidence. Delivered through our cloud platform with powerful automation supported by our cyber security experts, Outpost24 enables organisations to improve business outcomes by focusing on the cyber risk that matters. Visit https://outpost24.com/ for more information.

The Cresco deal team consisted of Glenn L’hoëst and Lukas Salden.

More information on this transaction can be found in De Tijd.

For any further questions, please contact Glenn L’hoëst.