Periscope Equity has announced it has invested in CyberMaxx through a recapitalization in partnership with management.
CyberMaxx, based in Nashville and founded in 2009, provides the healthcare industry with a suite of services designed to prevent, detect and respond to cyberattacks.
Periscope Equity, based in Chicago, is a lower middle market private equity firm focused on investing in technology-enabled service and software companies within healthcare and other sectors. Founded in 2013, the firm seeks to invest in companies generating $10 million to $50 million in revenue and with EBITDA of $2 million to $8 million.
Terms of the investment were not disclosed.