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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, 2014

With 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.

[...]

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