Falfurrias said Wednesday Raymond James (NYSE: RJF) served as MOXFIVE’s financial adviser in the transaction.
Mike Wager will continue to serve as CEO of MOXFIVE and Joe Price and Wilson Sullivan, partners at Falfurrias, will join the cybersecurity firm’s board of directors as a result of the deal.
Founded in 2019 by Wager, MOXFIVE helps organizations respond to cyber incidents and mitigate the risk of cyberattacks through its team of technical professionals and proprietary MOXFIVE platform.
“Our unique approach, underpinned by our proprietary software platform and vast marketplace of cybersecurity and IT partners, helps clients better understand, respond to, fend off, and prevent threats – and the results we’ve seen already have been incredible,” said Wager, who will continue to serve on the board.
“With Falfurrias’ expertise and resources on our side, I’m confident we’ll be able to take MOXFIVE to the next level and continue minimizing the risks of cyber-attacks on an even broader scale,” he added.
Falfurrias made its investment in MOXFIVE through its lower middle market fund, Falfurrias Capital Partners V.
DLA Piper and K&L Gates acted as legal advisers to MOXFIVE and Falfurrias, respectively.
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