Information Security News mailing list archives
Blackstone to Acquire Cybersecurity Firm Accuvant
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 12 Mar 2014 08:01:05 +0000 (UTC)
http://dealbook.nytimes.com/2014/03/11/blackstone-to-acquire-cybersecurity-firm-accuvant/ By William Alden Dealbook The New York Times March 11, 2014With the prospect of cyberattacks keeping corporations on edge, the Blackstone Group is investing in a company that aims to counteract such threats.
Blackstone, the world’s largest private equity firm, announced on Tuesday that it had agreed to buy a majority stake in Accuvant, a 12-year-old company that offers cybersecurity software and consulting services to companies and governments.
Sverica International, a private equity firm that owns a stake in Accuvant, is investing alongside Blackstone, according to the announcement. Accuvant’s management is also investing in the deal.
The deal is worth $225 million, including debt financing, a person briefed on the matter said. The equity portion — from Blackstone, Sverica and Accuvant’s management — is worth $150 million, this person said.
[...]
-- Find the best IT Security talent without breaking your recruiting budget. Jobs cross-posted to Simply Hired, Facebook and LinkedIn. Hot InfoSec Jobs - http://www.hotinfosecjobs.com/
Current thread:
- Blackstone to Acquire Cybersecurity Firm Accuvant InfoSec News (Mar 12)