Target Information

Census S.A. is a prominent player in the cybersecurity engineering sector, recognized for delivering specialized services and demonstrating exceptional implementation capabilities. The company engages in a range of activities, including cybersecurity engineering, resilience evaluations (often referred to as 'tiger team' assessments), and vulnerability research. Census works closely with Fortune 500 companies and other leading international organizations across several critical industries such as Defense, Automotive, Healthcare, Banking, Maritime, and Telecommunications.

Accounting for more than 90% of its revenue from international clients, Census has been instrumental in assisting major global corporations in achieving cybersecurity resilience and developing secure products that meet rigorous safety standards. The firm has conducted audits on the design and implementation of numerous security-critical devices, with many of their recommendations becoming essential public advisories. Their insights cover a variety of components, including system-level offerings such as Microchip SDKs, Linux kernel, and Microsoft Windows networking stack, as well as widely-used applications like WhatsApp Messenger and Oracle WebCenter. Additionally, Census experts are regular contributors at leading industry conferences, presenting pioneering research at events including Black Hat, DEF CON, and OWASP AppSec.

Industry Overview in Greece

The cybersecurity industry in Greece has witnessed significant growth, influenced by the increasing demand for robust security solutions amid rising cyber threats. Over recent years, Greece has focused on strengthening its cybersecurity framework, with the government encouraging investments in this sector and responding proactively to the rising frequency of cyberattacks targeting various industries. This shift reflects a broader recognition of the importance of cybersecurity in protecting national interests and economic stability.

In the context of the European Union, Greece's cybersecurity market benefits from collaborative efforts across member states aimed at fostering safer digital environments. Initiatives like the European Cybersecurity Strategy and various EU-funded projects underline the commitment to enhancing member states' defenses against cyber threats. Greek cybersecurity firms, such as Census, position themselves to capitalize on this evolving landscape by providing advanced security solutions tailored to both domestic and international needs.

Moreover, the growing awareness among organizations regarding the importance of cybersecurity has driven increased investments in advanced technologies and professional services. Sectors including finance, healthcare, and critical infrastructure have been particularly active in adopting comprehensive cybersecurity strategies and solutions, thus creating opportunities for local firms committed to innovation and excellence.

As Greece continues to modernize its technological infrastructure, the opportunity for cybersecurity providers will expand significantly, propelling further growth within the industry. Companies that adapt quickly and maintain a keen focus on emerging threats and solutions will be well-positioned to thrive in this fast-evolving environment.

Rationale Behind the Deal

The investment by SouthBridge Europe Mezzanine II SICAR in Census S.A. aligns with the increasing global demand for advanced cybersecurity services. As organizations become more reliant on digital operations, the need for comprehensive security solutions intensifies, providing a robust growth trajectory for companies like Census. This strategic investment aims to bolster Census' international expansion efforts, enabling it to scale its operations, enhance its service offerings, and further penetrate global markets.

Moreover, the partnership is expected to facilitate the development of innovative cybersecurity products and services, ultimately enhancing customer security and confidence. By supporting Census in its ambitious plans, SouthBridge Europe Mezzanine II SICAR positions itself to gain from the anticipated growth of the cybersecurity sector both in Greece and globally.

Information About the Investor

SouthBridge Europe Mezzanine II SICAR is an investment fund with a strong backing from reputable financial entities including the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), and the Hellenic Development Bank of Investments (HDBI). The fund focuses on strategic investments across various sectors, emphasizing growth potential within innovative companies.

The participation of such esteemed investors not only validates the credibility of SouthBridge Europe's investment strategies but also reflects a commitment to fostering sustainable growth within the European economy. By channeling resources into companies like Census S.A., SouthBridge aims to contribute to the development of critical industries while generating favorable returns for its stakeholders.

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In evaluating the investment in Census S.A., it is apparent that this deal holds considerable promise given the strong growth trajectory of the cybersecurity industry, especially in Greece. The increasing incidence of cyberattacks and the corresponding need for enhanced security measures position Census favorably within this thriving sector. The company's established reputation, diverse service offerings, and international client base further bolster its prospects for success.

Moreover, the strategic partnership with SouthBridge Europe Mezzanine II SICAR can provide Census with critical resources, industry connections, and expertise to accelerate its growth plans. This collaborative effort is likely to yield innovative solutions that address current and future cybersecurity challenges faced by enterprises.

Although there are inherent risks associated with investment in any technology sector, the urgency for cybersecurity in today's digital landscape serves as a strong mitigating factor. The demand for advanced cybersecurity solutions is expected to continue to rise, fulfilling a significant market need.

Overall, this investment is likely to be a sound decision for both parties involved, supporting Census in realizing its potential while offering SouthBridge a chance to capitalize on a rapidly growing market segment.

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