EQT to Sell Cybersecurity Firm Ontinue
Private equity firm EQT announced plans to sell Ontinue, a cybersecurity company specializing in AI-powered managed detection and response services for Microsoft environments.
EQT, a private equity firm, has announced its intention to sell Ontinue, a cybersecurity provider focused on managed extended detection and response (MXDR) services. Ontinue offers 24/7 security operations for clients in Europe and the US, utilizing an AI and automation-powered platform to detect and respond to cyber threats within Microsoft ecosystems.
The sale comes after EQT's period of ownership, during which the firm supported Ontinue's development as a standalone entity. This included strengthening its leadership, consolidating its technology, and pursuing strategic acquisitions in data science, AI, and cybersecurity services. Under EQT's stewardship, Ontinue reportedly doubled in scale and continued to expand its business operations.
Ontinue's services are designed to help organizations manage cyber threats effectively, particularly within the complex landscape of Microsoft cloud services. The company's platform leverages agentic AI and automation to provide continuous monitoring and rapid response capabilities.
The divestment by EQT signals a move to realize value from its investment in the cybersecurity sector. Further details regarding the terms of the sale or the identity of the potential buyer have not yet been disclosed.