Recognize Expands Digital Investment Portfolio with SRA Acquisition

Recognize, a well-regarded private equity firm dedicated to investing in digital services, has unveiled a strategic investment in Security Risk Advisors Intl, LLC (SRA). This marks a significant milestone as it represents the company's first institutionally backed equity raise.

Located in Philadelphia, SRA is a comprehensive cybersecurity services provider that boasts over 300 professionals operating across the United States, Ireland, and Australia. With a proven track record over the past 15 years, SRA has earned recognition as a trusted ally to security leaders in navigating the complex landscape of cybersecurity threats and implications stemming from artificial intelligence.

SRA has developed proprietary software solutions, including its notable VECTR platform designed for purple teams, alongside SCALR which aids in security operations and data management. Their impressive portfolio ensures robust security solutions encompassing both advisory services and continuous 24/7 managed security monitoring. Furthermore, SRA is a proud member of the Microsoft Intelligent Security Association.

Tim Wainwright, the Co-Founder and CEO of SRA, expressed excitement over the partnership with Recognize, noting that it aligns perfectly with their vision to enhance capabilities in cybersecurity consulting, managed services, and software development. He emphasized, “This is an exhilarating new chapter after 15 successful years serving esteemed clients. Our commitment to providing an exceptional experience for both our clients and team members remains unwavering.”

Charles Phillips, Co-Founder and Managing Partner at Recognize, articulated the firm’s strategic intent by stating, “Our investment in SRA is a testament to our commitment to support next-generation digital services businesses. SRA's unique intellectual property embedded services, their membership with the Microsoft Intelligent Security Association, and their capable leadership team firmly establish them as a leading provider amid a landscape evolving because of AI-driven threats.” He further added, “Cybersecurity remains a central pillar in our digital services strategy, and we are truly excited to partner with Tim, Chris, and the entire SRA team as they embark on this pivotal growth phase.”

Chris Salerno, Co-Founder and COO of SRA, shared his enthusiasm over Recognize joining their mission, emphasizing their dedication to safeguarding clients and training future generations of cybersecurity experts. He commented, “We look forward to the opportunity to innovate alongside Recognize and continue delivering essential cybersecurity services to our clients.”

To facilitate this transaction, legal counsel for Recognize was provided by Willkie Farr & Gallagher, with AGC Partners acting as financial advisor while Saul Ewing served as legal counsel for SRA. Crescent Capital also supported the deal through debt financing.

About Security Risk Advisors

Security Risk Advisors specializes in cybersecurity consulting, providing services aimed at both offensive and defensive security analysis along with round-the-clock cybersecurity operations. Their partnership model focuses on strengthening clients’ security operations, enhancing cyber resilience, and effectively managing risk in today's multifaceted threat environment. For more details about SRA, visit their website at sra.io.

About Recognize

Recognize is an investment platform focused exclusively on the digital services sector, offering operational insight, industry knowledge, and strategic capital to innovative companies in this space. For more information on Recognize, check their website at recognize.com.