BOSTON - TelAve -- Verdane (https://verdane.com/), the European specialist growth investment firm, is entering a partnership with Guardsquare (https://www.guardsquare.com/), a leader in mobile application security. The partnership follows previous investment from Battery Ventures (https://www.battery.com/) and addresses the growing mobile app security threats by expanding access to GuardSquare's critical mobile application security for global businesses of all sizes. It also combines Guardsquare's deep technical expertise with Verdane's growth strategy through M&A and continued organic growth.

Mobile applications are increasingly becoming the primary way users interact with businesses. Yet, mobile app security needs have historically remained underserved, especially as threat actors target mobile apps at an accelerated pace. Verdane's investment enables Guardsquare to expand its reach in providing the most comprehensive approach to mobile application security on the market, delivering the highest level of protection with ease. ​​Earlier this year, Cyber Defense Magazine recognized Guardsquare as the market leader in Mobile App Security and honored the company with its prestigious Mobile App Security Award (https://www.guardsquare.com/press-release/guardsquare-wins-market-leader-in-mobile-app-security).

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"I'm excited to embark on this new partnership with Verdane. It marks an inspiring and well-aligned progression toward our long-term vision. We will benefit from their expertise as, together, we take Guardsquare to the next level, significantly expand our market share, and increase our global reach through organic growth, ongoing product enhancements, and M&A," said Roel Caers (https://www.linkedin.com/in/roelcaers/), CEO at Guardsquare. "We're grateful for the support provided by Battery Ventures over the past several years as we became the market leader in mobile application protection. Their guidance enabled us to scale our business globally and attract top talent, particularly in the U.S."

"Guardsquare's industry-leading mobile application protection is a critical cybersecurity service, and we're excited to partner with Roel and the entire Guardsquare team to make this available for even more businesses globally. The company's growth from a European to a global leader has been very impressive to behold, and we're looking forward to supporting the company in its future journey," said Morten Weicher (https://www.linkedin.com/in/morten-weicher-a20a...), Partner at Verdane.

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"It has been a privilege to partner with the Guardsquare team and support the company's growth journey. As it scaled its business, Guardsquare has consistently demonstrated its commitment to innovation and leadership in mobile application security," said Dharmesh Thakker, (https://www.linkedin.com/in/dthakker/) Partner at Battery Ventures. "We are confident that this new partnership with Verdane will open up many new growth opportunities and allow Guardsquare to continue to help set the standard for mobile application security worldwide."

Completion of the transaction is subject to customary regulatory approvals.

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