Shark Tank Star’s Herjavec Group Merges with Fishtech Group, Forms Mega MSSP

Cybersecurity providers Fishtech Group and Herjavec Group have merged, backed by private equity company Apax Partners. The two companies will operate as a single entity under a new brand to be announced soon. No word on the financial value of the deal.

Apax will hold a majority stake in the new company. In addition, Robert Herjavec, founder and CEO of Herjavec Group and star of ABC’s “Shark Tank,” and Gary Fish, founder and CEO of Fishtech Group, will each maintain significant equity in the new business.

Proprietary Platform

Herjavec Group’s Robert Herjavec

“We could not be more thrilled to join forces with industry pioneer Gary Fish, whom I have known for decades,” Herjavec said. “We are very impressed by Fishtech’s managed detection and response capabilities (MDR) offerings and its proprietary platform built on Google Chronicle, which we consider highly differentiated. Jointly, we want to double down on the investment behind this … solution and strengthen what are already deep partnerships. That said, we have built one of the strongest tech teams in the industry and a leading portfolio of services. Our customers will benefit from enhanced operations, getting stronger as we help accelerate their digital transformation.”

The deal, the companies say, brings together the complementary strengths of both organizations. The result is a broad, holistic suite of MDR, professional services and identity services. The new firm will address enterprise customers’ increasingly complex information security needs. Additionally, the new company combines the strengths of the two firms. These include cloud and tech-enabled co-managed SIEM, along with security and cloud expertise.

Global Security Professionals

The new organization brings together more than 600 security professionals operating out of six global security operations centers (SOCs). The combined company will have one of the largest managed security engineering teams under one roof, it said.

Herjavec will serve as CEO of the combined company. Gary Fish will be chairman of the board.

Fishtech Group’s Gary Fish

Robert Herjavec founded his company in 2003 and Apax bought a majority stake last year. Fishtech got its start in 2016, with the goal of bringing security to the cloud while identifying vulnerabilities and introducing next-generation solutions to help businesses minimize risk.

“We’re exceptionally proud of our results to date and even more excited about the growth to come,” Fish said. “We’re honored that so many organizations trust Fishtech to be their managed solutions provider. With complementary offerings from Herjavec, we will transform the security industry globally.”