SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Leading private equity firms BC Partners and Medina Capital today announced an agreement to acquire Catbird, Inc., a privately-held cybersecurity company based in Scotts Valley, CA., focused on software-defined security. The acquisition is part of a new joint venture to create a global secure infrastructure company. The joint venture combines a global portfolio of 57 data centers and associated colocation business to be acquired from CenturyLink, along with the acquisition of Medina Capital’s security, compliance and data analytics portfolio.
The new company will be an immediate leader in the global colocation market, with more than 3,500 customers and 2.6 million square feet of raised floor capacity, and will be exceptionally well-positioned within some of the fastest-growing segments of the information security market, which is estimated by Gartner to grow to $113.4 billion by 2020 [Gartner G00317994, Forecast Analysis: Information Security, Worldwide, 2Q16 Update, Oct. 21, 2016].
Catbird’s software-defined segmentation solutions for hybrid IT infrastructure deliver microsegmentation oriented visibility into and protection of private clouds and virtual data centers. The ability to apply Catbird’s actionable intelligence and automated security policy deployment, monitoring and enforcement in a consistent manner across data centers and cloud platforms allows enterprises to knock down NOC/SOC barriers that often prevent optimal security levels.
“As the majority of enterprises are deploying Hybrid IT infrastructure that most often includes private clouds and public clouds, often running multiple variations of cloud platforms and hypervisors, there is a tremendous need for a consistent approach to security – not only for efficiency purposes, but also to allow certainty that the right security policies are always applied regardless of where the workload resides,” said David Keasey, CEO of Catbird. “This new venture will allow a significant number of organizations to quickly and seamlessly take advantage of microsegementation and the software-defined perimeter, to help provide the most secure cloud platform services.”
Further details on the joint venture can be found at http://www.medinacapital.com/press-releases/bc-partners-jv. The transaction is expected to close in first quarter 2017, pending regulatory approvals and customary closing conditions. Branding for the new company will be announced at a later date.
Catbird is a pioneer and leader in software-defined security for virtual infrastructure. Catbird’s software suite provides visibility into and protection of private and hybrid clouds, and virtual data centers. The company has been recognized as one of ten hot security products at RSA 2015 by Network World, and is a winner of four Best of Show Finalist Awards at VMworld, CRN’s Virtualization 50, and SC Magazine’s “Innovator of the Year” for virtualization security. For more information please visit http://www.catbird.com.