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Selected Transaction · Cybersecurity

An application-security company sold on a compressed timeline, without surrendering leverage

A change in the founder's circumstances meant the sale could not wait a year. A disciplined, shortened process preserved competition and closed at $15M to $20M in under four months.

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< 4 mo.
From engagement to signing
$15M–$20M
Final consideration
3
Credible parties to the final round
Transaction summary
Sector
Cybersecurity · Application Security
Enterprise value
$15M – $20M
Structure
Cash at close
Process
Pre-qualified buyer set, full materials pre-built
A short clock did not mean a single buyer
Bilateral fast deal
1 buyer, leverage to them
Compressed process
3 parties to final round
Speed and competition are not opposites when the materials are ready before the market sees them.
The engagement

The situation

A change in the founder's personal circumstances meant the company had to be sold sooner than anyone would choose. The instinct in that position is to take the first credible offer, because speed feels like the only goal. But a rushed bilateral deal is exactly where buyers extract the most, and the founder's timeline would have been visible to anyone across the table.

What we did

We compressed the process without abandoning it. The buyer universe was tighter and pre-qualified for speed and certainty, diligence materials were prepared in full before outreach so nothing slowed the back half, and the timeline was framed to buyers as decisiveness rather than distress. Competition was preserved even though the calendar was short.

The outcome

Three credible parties stayed in to a final round, and the company signed in under four months at $15M to $20M, with terms that did not punish the speed. A short timeline costs leverage only if buyers read it as desperation. Run as a deadline you set, it can read as conviction.

“I thought moving fast meant taking the first offer. It meant being ready before anyone knew I was in a hurry.”
Founder · representative
How the process ran
Engagement
Retained under a compressed timeline driven by the founder's circumstances.
Preparation
Full diligence materials built before any buyer was approached.
Outreach
A tight, pre-qualified buyer set chosen for speed and certainty of close.
Final round
Three credible parties carried through to best and final.
Close
Signed in under four months at $15M to $20M, with no distress discount.
What this transaction shows

A short timeline only costs leverage when buyers read it as desperation. Prepared in advance and framed as a deadline you set, speed can read as conviction rather than need.

Details that could identify the company have been altered or withheld. Transaction details are representative of engagements of this type. Quotes are representative. References available to qualified parties under non-disclosure agreement.

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