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.
“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.
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