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SafeLogic

The Deal

Bought By
Poga Ahn
Year
Not published by any primary source
Two backers carry it and each dates only its own investment, one to early 2021 and one to 2020, and the second's own post on the company is dated December 10, 2020. A third backer's card for the vehicle prints November 24, 2020. All three are backers' dates. The company's own blog of October 22, 2020 still calls its founder chief executive, and the vehicle's only Form D is its January 2019 search raise. No page read states when the purchase closed.
Vehicle
Bells and Bear, backed by Search Fund Partners, Endurance Search Partners, Aspect Investors and The Cambria Group
Kind
Software

A Vienna, Virginia maker of validated encryption products, founded in 2012, sold to software developers building for mobile, server, cloud, appliance, wearable and connected-device environments.

What Happened Next

Trading under its own name with Evgeny Gervis as chief executive, whom its leadership page says joined after fifteen years at Cigital and Synopsys and the index host names beside its early-2021 investment.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Search Fund Partners

Endurance Search Partners

Aspect Investors

The Cambria Group

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. A backer's partners page names Poga Ahn, fund Bells and Bear, as chief executive of SafeLogic, LLC, and its investments list carries the company against 2020. The index host names Evgeny Gervis chief executive beside its early-2021 investment, and the company's own page says Gervis joined from Synopsys. Nothing says either man bought it.