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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)
By William Alden
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
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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- Blackstone to Acquire Cybersecurity Firm Accuvant InfoSec News (Mar 12)