DXA Investments completed its first investment from its Excelsior II Fund by taking a minority stake in Brazilian encryption software provider SIKUR. Financial terms of the transaction were undisclosed.
(WSJ) Brazilian private-equity firm DXA Investments is backing cybersecurity company Sikur, betting on rising demand for tools to protect business and government communication from hackers.
Sikur’s encryption software secures communication over computer and mobile networks against intruders and eavesdroppers. The São Paulo-based company sells encrypted Sony Corp. smartphones, secure digital-banking apps as well as encryption apps for chatting, document sharing, phone and video calls that run on top of major mobile operating systems.