iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
On October 20, 2021, Invicti Security announced it had signed a definitive agreement for a $625 million investment led by Summit Partners. Invicti said the financing would support continued growth and product development. Turn/River Capital, an investor since 2017, was to remain a significant shareholder. The announcement described the deal as pending; it did not publish detailed terms or verify when the transaction ultimately closed.
What did Invicti announce?
Invicti said it had signed a definitive agreement for a $625 million investment led by Summit Partners. William Blair also described the investment as pending and reported the same expected closing window. The company’s release was dated October 20, 2021, although the Invicti webpage displays October 19. The release date is October 20, consistent with the text reproduced by PR Newswire. The primary announcement URL was not published.
At the time, the parties expected the transaction to close in the fourth quarter of 2021, subject to standard closing conditions. That was a forecast, not confirmation of completion. The announcement did not disclose the transaction’s detailed terms.
Free tools Windows power users keep installed
One-click scans. No signup required.
Who was involved, and what was the investment for?
- Lead investor: Summit Partners.
- Continuing shareholder: Turn/River Capital, which Invicti said first invested in the company in 2017 and would remain a significant shareholder.
- Stated purpose: Invicti said the financing would support continued growth and product development.
Invicti founder and CEO Ferruh Mavituna said, “We are absolutely thrilled to welcome Summit for this next chapter in our company’s growth.”
#1 Best Overall
What does Invicti make?
Invicti is a business-to-business application-security testing company, not a consumer product launch. Its 2021 announcement named Acunetix and Netsparker as product lines that scan web applications for vulnerabilities and support remediation through developer-workflow integrations. Summit Partners currently describes Invicti as offering dynamic and interactive application-security testing products. The 2021 financing announcement does not establish current product packaging, pricing, or availability.
What operating figures did Invicti report?
The company’s October 2021 announcement included the following historical figures. They are Invicti-reported, not independently audited measures:
- Invicti said it had added 700 customers in the preceding 12 months and had more than 3,100 customers worldwide.
- It reported that more than 800,000 websites had been scanned to date.
- It forecast more than 60% annual recurring revenue growth for 2021. This was a projection in the announcement, not a verified final result.
The release also cited 2021 Gartner Magic Quadrant for Application Security Testing recognition, G2 Momentum Leader recognition for Acunetix and Netsparker, and a 2021 Globee Award. Those are claims made by Invicti in the announcement.
Do these 3 things before closing this tab:
1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problemsWhat the announcement does—and does not—establish
The announcement establishes the amount, lead investor, stated purpose, and the parties’ expected Q4 2021 closing window as reported in October 2021. It does not establish the final closing date, final transaction structure, or detailed terms. Readers should therefore treat the $625 million figure as the announced investment amount and avoid treating the expected closing as confirmed completion.
Rank #3
Summit Partners’ portfolio page describes Invicti’s security-testing products and current portfolio relationship; portfolio status can change over time. William Blair’s advisor notice corroborates the pending status and then-expected Q4 2021 close.
Quick Recap
Best Value
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
