Saepio is a fast-growing cyber security risk advisory business servicing UK corporates


Saepio was founded in August 2016 by its former owners, who were early employees at Softcat (the largest software VAR in the UK), helping it grow from £50m to £1bn of revenues over 11 years and IPO on the LSE. With the threat and cost of cyber attacks increasing, and over 1,800 vendors to choose from, it is a challenging environment for IT managers to navigate.

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As one of the very few specialist cyber security VARs, Saepio is uniquely positioned as a trusted advisor to clients that can guide them through the cyber landscape and make informed recommendations. It achieves this market position by being independent, vendor agnostic, and by offering value-added services, such as auditing clients’ security positions and helping them achieve cyber accreditations.

The deal was sourced off-market by the principals of search fund Aurias. Aurias is a tech-focused search fund backed by Ethos and several co-investors. As the incoming co-CEOs, they are accomplished software and IT services operators and investors, with C-suite experience in tech scale-ups and VC investing experience. The Aurias team includes Amir Nooriala, previously Chief Commercial & Strategy Officer at Callsign and COO at OakNorth Bank, and Daniel Cardenas-Clark, a former B2B software investor at Notion Capital and Triple Point, as well as a utility contract reseller CEO.

United Kingdom
Private Equity/Search Capital
Technology & Software
April 2024