Accuvant has announced that it is to be acquired by asset management firm Blackstone.
Blackstone will acquire a majority stake in Accuvant as part of their private equity portfolio, while 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 were not disclosed.
Accuvant is a provider of information security services and solutions serving enterprise-class organisations to help them plan, build and run successful security programs.
Dan Burns, Accuvant co-founder and chief executive officer, said: “Accuvant has already helped thousands of organisations 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.”
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.”