British firm buys majority stake in $1B Tampa cybersecurity firm

European investment firm Hg has acquired a majority stake in Tampa cybersecurity firm A-LIGN in a deal that values the privately held tech company at $1 billion — making it a so-called unicorn for reaching that milestone.

London-based Hg, which specializes in European and transatlantic software and services businesses, acquired the majority stake in A-LIGN from Warburg Pincus, according to a statement. Financial terms of the deal for A-LIGN, founded by IT entrepreneur Scott Price in 2009, weren’t disclosed.

A-LIGN's cybersecurity compliance audits and related assessments, according to a statement, allow “organizations to provide assurances to their customers that sensitive data is protected, and that mission-critical operations are conducted with integrity.” A-LIGN has become an industry leader in cybersecurity compliance services, serving over 5,700 clients with audits in the past 15 years.