Audax takes controlling stake in Acuant
Summary
BOSTON & LOS ANGELES–(BUSINESS WIRE)–Audax Private Equity today announced it has completed an investment in Acuant to support the continued growth initiatives of the company as a global provider of identity verification solutions.Yossi Zekri, President and CEO of Acuant, said, “We selected Audax because they share our vision and commitment to creating frictionless, trusted transactions that protect businesses from unnecessary risk.We believe the company is strongly positioned for continued growth as organizations seek solutions to reduce risk, increase revenue and meet compliance objectives.Robert W. Baird acted as exclusive financial advisor and Goodwin Procter LLP served as legal counsel to Acuant, Insight Venture Partners, and Lightview Capital.Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.