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Deep-Secure in MBI
Reading-based internet security business Deep-Secure has been sold in a £3.5 million management buy-in backed by private equity firm YFM.
As part of the deal, entrepreneur Richard Beaton has been appointed chairman, and Kieron Sambrook-Smith will be CEO. This is the third investment that YFM has completed involving Beaton, after previous deals with software companies Intuita and Tekton Group. The funding will be used to develop Deep-Secure's technology into new products.
Sambrook-Smith said: 'In today’s fast-changing global security environment, this area of secure information exchange is of increasingly high priority to commercial organisations, government agencies and nations spanning disparate geographies.'
In 2009, YFM completed 74 investments worth £49 million across the UK.

M&A News
- Alterian's Intrepid acquisition Sep 01 2010
- Dwell unlocks £5 million funding Aug 31 2010
- Moonfruit raises expansion funds Aug 31 2010
- Compass acquires Vision Security Group Aug 31 2010
- BGC Partners buys Mint Aug 25 2010
Other M&A Deals
- Thermal Engineering bought by Privet Capital Jul 30 2010
- Foresight makes green investment Sep 01 2010
- MASI acquires AgriGuard Aug 25 2010
