WENDEL: Wendel Growth invests in YesWeHack, a leading Bug Bounty and Vulnerability Management Platform
11 Junio 2024 - 12:45AM
WENDEL: Wendel Growth invests in YesWeHack, a leading Bug Bounty
and Vulnerability Management Platform
Wendel Growth invests in YesWeHack, a
leading Bug Bounty1 and Vulnerability Management Platform
Wendel (Euronext: MF.FP), through its Wendel
Growth investment arm, announced today the acquisition of a
minority stake in YesWeHack through an equity investment of €14.5
million. Wendel invests alongside Adelie, Seventure Partners and
historical investors Eiffel Investment Group, Open CNP2 and Caisse
des Dépôts et Consignations.
YesWeHack is a cybersecurity company that was
founded in 2015. The company has developed a platform to manage Bug
Bounties, a cybersecurity technique consisting in incentivizing a
community of ethical hackers to detect and report vulnerabilities
in exchange for bounties. YesWeHack connects organisations to tens
of thousands of ethical hackers. The goal is uncovering and
patching vulnerabilities in websites, mobile apps, connected
devices and digital infrastructure. YesWeHack has a strong
international footprint with dominant positions in France and
Singapore and clients coming from over 50 countries.
Hundreds of organisations worldwide – private,
public and governmental – already benefit from YesWeHack’s in-house
triage3, personalised support, customisable model and a
results-based billing model for the customer.
Built and run by ethical hackers, YesWeHack has
in-depth knowledge of what ethical hackers and organisations need
from a Bug Bounty platform to cost-effectively secure digital
assets, reputations and customer data.
Antoine Izsak, Head of Growth Equity,
said:
« Bug bounty is now recognised as a must by some
of the companies most exposed to the cyber threat. We are delighted
to be working with the European leader YesWeHack, which stands out
for its quality of service, compliance with regulations and the
relevance of its technological roadmap for customers who are
increasingly overwhelmed by the growing volume of
vulnerabilities.»
Guillaume Vassault-Houlière, YesWeHack CEO,
stated:
« This new round of funding is a vote of
confidence in our commitment to excellence and ambitious vision.
Thanks to this investment, YesWeHack commits to delivering even
higher levels of customer satisfaction and accelerating development
of innovative solutions in one of the most dynamic market segments
in cybersecurity. We would like to express our deep gratitude to
Wendel for their support. Their considerable experience and
long-term vision will be decisive assets for YesWeHack in this new
phase of its development, which will make it a global player in
cybersecurity."
1 where ethical hackers can report security
exploits
2 the Corporate Venture Capital fund of CNP
Assurances
3 the triage team main role is to check the
vulnerabilities found before forwarding them to the
customers
Agenda
Wednesday July 31, 2024
H1 2024 results - Publication
of NAV as of June 30, 2024, and condensed Half-Year consolidated
financial statements (post-market release)
Thursday October 24, 2024
Q3 2024 Trading update -
Publication of NAV as of September 30, 2024 (post-market
release)
Thursday December 5, 2024
2024 Investor Day
About Wendel
Wendel is one of Europe’s leading listed
investment firms. The Group invests in Europe and North America in
companies which are leaders in their field, such as ACAMS, Bureau
Veritas, Crisis Prevention Institute, IHS Towers, Scalian, Stahl
and Tarkett. Wendel often plays an active role as a controlling or
significant shareholder in its portfolio companies. Wendel seeks to
implement long-term development strategies, which involve boosting
growth and margins of companies so as to enhance their leading
market positions. With Wendel Growth, Wendel also invests via funds
or directly in innovative, high-growth companies. In 2023, Wendel
initiated a strategic shift into third-party asset management of
private assets, alongside its historical principal investment
activities.
Wendel is listed on Eurolist by Euronext
Paris.
Standard & Poor’s ratings: Long-term: BBB,
stable outlook – Short-term: A-2 since January 25, 2019
Wendel is the Founding Sponsor of Centre
Pompidou-Metz. In recognition of its long-term patronage of the
arts, Wendel received the distinction of “Grand Mécène de la
Culture” in 2012.
For more information: wendelgroup.com
Follow us on LinkedIn
@Wendel
Press
contacts |
Analyst and investor contacts |
Christine Anglade: +
33 1 42 85 63 24 |
Olivier Allot: +33 1 42 85 63 73 |
c.anglade@wendelgroup.com |
o.allot@wendelgroup.com |
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Caroline Decaux: +33 1
42 85 91 27 |
Lucile Roch: +33 1 42 85 63 72 |
c.decaux@wendelgroup.com |
l.roch@wendelgroup.com |
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Primatice |
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Olivier Labesse: +33 6
79 11 49 71 |
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olivierlabesse@primatice.com |
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Hugues Schmitt: +33 6
71 99 74 58 |
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huguesschmitt@primatice.com |
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Kekst CNC |
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Todd Fogarty: +1 212
521 4854 |
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todd.fogarty@kekstcnc.com |
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