Accuvant,
the authoritative source for enterprise information security, today
announced the completion of a previously announced transaction for funds
controlled by Blackstone (NYSE: BX) to acquire a majority stake in the
company. Blackstone
will make significant further investment in Accuvant, which will enable
the company to expand and accelerate its plans to meet the rapidly
evolving information security needs of the global market.
“Accuvant has a vision to become the preeminent global provider of
information security solutions,” said Dan Burns, Accuvant co-founder and
chief executive officer. “Our partnership with Blackstone gives us the
backing we need to realize that vision. I am extremely excited about
this opportunity and about working with Blackstone to solve the biggest
security problems facing global companies around the world.”
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 services and
solutions to help its clients plan, build and run successful security
programs. Accuvant serves as a trusted advisor, allowing clients to
better understand their threats, needs and options; as well as a
strategic supplier, enabling clients to successfully execute on plans
and strategies to protect themselves.
“Accuvant is the largest information security investment Blackstone has
made to date,” said Dave Johnson, a senior managing director with
Blackstone’s private equity business. “Accuvant has the right team,
in-depth knowledge of the threats and the market, and a solid reputation
for delivering industry-leading information security advice and
services. We are very pleased to close this transaction and are looking
forward to helping Accuvant offer new services, penetrate new markets
and accelerate overall growth.”
Accuvant management and Sverica International LLC, a private equity
investment firm, are maintaining equity interests in Accuvant. Holland &
Hart LLP and William Blair served as advisors to Accuvant during the
transaction. Simpson Thacher & Bartlett LLP and Blackstone Advisory
Partners L.P. served as advisors to Blackstone. Cooley LLP served as
legal advisors to Sverica International LLC.
About Accuvant
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.
About Blackstone
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.
Copyright Business Wire 2014