ExitThursday, September 24, 2026
Phoenix agrees to sell cybersecurity firm Logiq to IBM
Phoenix is selling Logiq, a UK cybersecurity provider for defense, government and critical infrastructure clients, to IBM.
Phoenix has struck a deal to sell Logiq, a UK-based cybersecurity company, to IBM.
Logiq provides cybersecurity to defense, government and critical national infrastructure organizations. It runs a proprietary secure collaboration platform called DISX.
Deal facts
- Target
- Logiq
- Business
- UK-based cybersecurity provider serving defense, government and critical national infrastructure organizations, with a proprietary secure collaboration platform called DISX
- Buyer
- IBM
- Seller
- Phoenix
- Deal type
- Exit
- Headquarters
- United Kingdom
- Status
- Announced, not yet closed
- Announced
- Thursday, September 24, 2026
Sources
- PEI Private EquitySep 24, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.