iSigma acquires Japan cybersecurity company

According to a statement, iSigma will leverage its management improvement expertise to drive an expansion of the company. Financial details were not disclosed.

VarioSecure provides enterprise internet security services through an in-house developed system offering front-line control, detection and defense against internal and external network threats. The business encompasses installation, implementation, operation and monitoring support for companies that have difficulty sparing dedicated personnel to IT issues.

The investment represents the third deal by iSigma Business Advancement Fund II (BAF II), which achieved a final close early last year at JPY20.3 billion ($189.7 million) after a July 2013 launch. The sector-agnostic vehicle targets small and mid-sized companies in Japan with a 10-year term.

BAF II's first investment was Iino Manufacturing, an auto parts maker that services Philippine, Chinese, Indonesian and North American markets. Last year, the fund invested in industrial paint company Kohken. It is expected to acquire six to seven companies in all.

Marubeni formed its first buyout fund in Japan with the cooperation of Advantage Partners in 1997. It established iSigma in 2000 as a venture fund manager before redirecting the firm into buyout activities in 2006.

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• Topics
• North Asia
• Support services
• Technology
• Expansion
• Buyout
• Japan
• TMT