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-- Leading Asset Management Company Pledges Significant Subsequent Investment to Accelerate Accuvant Growth and Innovation --
Denver – April 22, 2014 – 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.
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.
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