Accuvant to Be Acquired By Blackstone
-- Leading Asset Management Firm Makes Strategic Investment to Accelerate Accuvant’s Expansion in Fast-Growing Information Security Industry --
DENVER--(BUSINESS WIRE)--Accuvant, the authoritative source for enterprise information security, today announced that it has reached a definitive agreement under which Blackstone (NYSE: BX) will acquire a majority stake in Accuvant as part of their private equity portfolio. Accuvant management and existing shareholder Sverica International LLC, a private equity investment firm, will invest alongside Blackstone in the transaction. Financial terms of the transaction are not being disclosed.
“With this investment, we are excited to build upon Blackstone’s growing information security expertise as the sector becomes increasingly relevant across industries. Our investment will provide Accuvant’s experienced team with necessary resources as it continues to establish a reputation for excellence in the information risk and security space.”
“Security has transcended everyone and everything – from people to companies to nations,” said Dan Burns, Accuvant co-founder and chief executive officer. “Accuvant has already helped thousands of organizations protect themselves and their customers. But, there’s so much more we can do. This new investment by Blackstone will enable us to accelerate our pace of innovation and expansion, and allow us to deliver new services and solutions that meet the constantly evolving needs of the global market.”
Accuvant has established itself as an industry leader through its unique business model. As the authoritative source for enterprise information security, the company provides a comprehensive set of solutions and services to help its clients plan, build and run successful security programs. Accuvant serves as a trusted advisor, helping clients understand their threats, needs and options, as well as strategic supplier, enabling clients to successfully execute on plans and strategies to protect themselves.
Dave Johnson, senior managing director in Blackstone’s Private Equity Group, said, “With this investment, we are excited to build upon Blackstone’s growing information security expertise as the sector becomes increasingly relevant across industries. Our investment will provide Accuvant’s experienced team with necessary resources as it continues to establish a reputation for excellence in the information risk and security space.”
The transaction is expected to close in April pending relevant regulatory approvals.
Accuvant is a leading provider of information security services and solutions serving enterprise-class organizations across North America. The company offers a full suite of service capabilities to help businesses, governments and educational institutions define their security strategies, identify and remediate threats and risks, select and deploy the right technology and achieve operational readiness to protect their organizations from malicious attack. Headquartered in Denver, Colorado, Accuvant has offices across the United States and Canada. Founded in 2002, Accuvant has been named to the Inc. 500|5000 list of fastest growing companies for the last seven consecutive years. For more information about Accuvant, visit Accuvant’s website at www.accuvant.com.
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.