Private equity firm Audax Group seeks over $1.5 billion for BlueCat Networks

Private equity ‍firm Audax Group is exploring a sale ⁠of cybersecurity provider BlueCat Networks, which could fetch more than $1.5 billion, according to ‌people ‌familiar with the matter.

The private equity firm, ‌which bought BlueCat in 2022, has hired JPMorgan to run the sale process, which is currently under way, several of the sources said.

Representatives for Audax Group and ‌BlueCat ‍did not respond to ‍requests for comment, while a spokesperson for ‌JPMorgan declined to comment.

Toronto, Canada-based BlueCat provides software for network control, automation and security.