Quadrant provides application delivery and security services to e-commerce and corporate clients such as Ocado, Rightmove and Easyjet.
SecureData is a specialist IT security provider that delivers managed security services either on a customer’s site, in a private cloud environment or in a Security as a Service model.
August Equity bought the business in July this year to create the leading independent UK managed security services provider by supplementing organic growth plans with acquisitions, the firm said.
“The Quadrant acquisition is the first bolt-on the business has completed since our initial investment in July this year,” said August Equity investment director Keith Davidson.
“It further develops the business, aim of growing organically and through selective acquisitions.
“Quadrant provides specialism within application delivery and data centre security and the combined business will enable its customers to benefit from virtualisation and cloud computing securely.
“We continue to look for strategic acquisitions to boost SecureData’s market position.”
Last week AltAssets reported August is preparing two of its portfolio companies for sale, a move that will help wrap up its first fund and motivate investors to commit to the first close of its new vehicle.
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