Wed, 16 Jul 2025 | BUSINESS SALE
A cyber security specialist based in South Yorkshire has been acquired by a private equity firm in a deal that is set to accelerate the company’s growth strategy. Doncaster-based DigitalXRAID Limited has more than 25 years’ experience in providing cyber security services.
The company specialises in services including information security, threat intelligence, vulnerability management, penetration testing, managed security services, PCI-DSS and security consultancy and also offers a fully-managed Security Operations Centre (SOC).
DigitalXRAID has now been acquired by London-based private equity firm Limerston Capital. Founded in 2015, Limerston targets businesses with a solid value proposition and EBITDA of between £5 million and £15 million, but which have room for operational improvements, mispriced underlying returns on capital and/or offer opportunities to strategically reposition through consolidation.
Commenting on the deal, DigitalXRAID Chief Executive Rick Jones said: “This partnership marks an exciting new chapter for DigitalXRAID, one that will enable us to accelerate our growth, enhance our innovation in cyber security, and extend the range of services we can offer to our clients.”
The company’s Chief Technology Officer Scott Goodwin added that the partnership was “not just about scaling our services, it's about accelerating innovation, expanding our capabilities in areas like digital forensics and incident response, and continuing to protect our customers”.
The purchase of DigitalXRAID comes less than two months after Limerston acquired cyber security services specialist CyberCrowd. The acquisition of CyberCrowd marked the start of a new cyber security platform business, alongside assets from a previous acquisition, with Limerston aiming to build a leading UK provider of cyber security and digital forensics services, for both public and private sector clients.
Limerston Capital founding partner Joao Rosa commented: “It is great to have completed a further acquisition for our cyber security platform so soon, keeping the momentum going to create a leading offering across the UK.”
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