With this transaction, Hex-Rays aims to expand and professionalise its organisation in anticipation of its next growth phase, while also accelerating the further automation and simplification of its software solutions. Over the past 10 years, Hex-Rays’ revenues have grown on average with 23% per year, crossing the €20m mark in 2020, at extraordinary EBITDA margins. The main use cases are IT security audits, internal stress testing, bug bounty programs, investigating new virus samples and validating security concerns. Hex-Rays’ flagship product IDA Pro allows IT security professionals to effectively translate a software’s binary code (consisting of ones and zeros) into a human readable text (an approximation of the software’s actual source code), to reveal and understand its original design, architecture, and logic. Ilfak Guilfanov, the founder of Hex-Rays and architect of the technology platform, also reinvests a substantial amount in the new structure.įounded in 2005, Hex-Rays developed a set of best-in-class software reverse engineering tools for mainly IT security companies and government organisations. Liège (BE), Octo– Hex-Rays, a Belgian cybersecurity company that develops advanced reverse engineering software solutions, has been acquired by a consortium of investors led by Smartfin, a leading European venture capital and private equity investor, and including co-investors SFPIM and SRIW.

Ida pro hex rays