Archives: Transactions

Boston Meridian is pleased to announce the acquisition of Longbow by Veracode.  Longbow is a leader in security risk management for cloud-native environments.

Longbow provides a centralized view of risk for cloud assets and applications, thereby simplifying complex workflows, enabling faster and more effective remediation, and improving overall security posture.  The result is reduced risk and fewer vulnerabilities in applications and cloud infrastructures.

“Security teams are drowning in alerts that lack sufficient detail on the level of business risk, degree of exploitability of a flaw, and specific code-level insight to keep pace with remediation requirements.  As a result, risk continues to accumulate,” said Brian Roche, Chief Product Officer at Veracode.  “With the combination of Veracode and Longbow, teams can get a comprehensive view of their risk, automate prioritization of what matters most, and automate remediation of code security flaws.”

Derek Maki, Co-Founder & Chief Product Officer at Longbow said, “We founded Longbow with a mission to simplify an increasingly complex application security risk management process and help organizations reduce risk at scale.  By joining forces with Veracode, our combined solutions provide unmatched visibility, automation, and remediation capability for security and engineering teams.”

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies.  We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of Cloudentity by SecureAuth.  Cloudentity is a leading provider of authorization-centric IAM solutions specializing in the orchestration of customer experience, Fine-Grained Authorization (FGA), Business-to-Business-to-Consumer (B2B2C) use cases, and support for global Open Finance specifications.

Cloudentity’s technology enables organizations to rapidly deliver seamless and secure digital experiences at massive volume while maintaining compliance with open standards and regulatory requirements.

“With the acquisition of Cloudentity, SecureAuth is poised to revolutionize the CIAM market,” said Kelly Wenzel, Chief Operating Officer at SecureAuth.  “Cloudentity was built from the ground up as a pure cloud-native deep Identity solution that can be implemented on-premise, via public cloud or private cloud, as a single-tenant or multi-tenant deployment within hours.  This powerful combination of deployment flexibility and deep capabilities allows us to serve our customers in implementing identity security without sacrificing customer experience.“

“Together, these technologies provide a comprehensive CIAM solution set with an extremely short time-to-value that enable organizations to quickly and easily deliver exceptional digital experiences, while maintaining the highest standards of security and compliance,“ said Brook Lovatt, CEO of Cloudentity.

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies.  We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of Verve by Rockwell Automation.  Verve delivers a leading asset inventory system and vulnerability management solution focused specifically on industrial environments.

The Verve Security Center is a vendor-neutral OT endpoint management platform that delivers IT-OT asset inventory, vulnerability management, and remediation.  It was built to provide IT-level security while addressing the unique challenges of the OT environment.

“In today’s environment, it’s hard for many organizations to stay ahead of threats and keep their operations safe.  The Verve Security Center is a way for us to equip our customers with actionable intelligence to protect their infrastructure,” said Matt Fordenwalt, senior vice president, Lifecycle Services at Rockwell Automation.  “Our platform has helped clients mitigate thousands of vulnerabilities and is an important addition to Rockwell’s OT cybersecurity solutions, providing actionable intelligence to quickly mitigate cybersecurity risks, so that manufacturing facilities can stay up and running,” said John Livingston, CEO of Verve.

Verve’s platform has helped clients mitigate thousands of cybersecurity vulnerabilities.  It is complementary to Rockwell’s current offerings, including partner technologies, and will integrate information into a single pane of glass to help customers manage and prioritize risk.

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies.  We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of RiskLens by Safe Security.  RiskLens is a leading provider of risk quantification solutions to assess and manage cyber risk in financial terms. RiskLens pioneered the FAIR model of cyber risk quantification and established a trusted standard for measuring cyber risk, supported by over fourteen thousand practitioners, representing 50% of Fortune 500 companies.

“As part of our roadmap, we will be embedding the FAIR decision science methodology into our Cyber Risk Cloud of Clouds platform that processes over 3 Billion signals per day, enhancing the defensibility of our AI-driven breach prediction and prevention recommendations. This acquisition accelerates our mission of becoming the de-facto industry standard to measure, manage, and transfer cyber risk,” said Saket Modi, CEO and Co-Founder at Safe Security.

“Many boards are struggling on how to quantify their cyber risk, especially in wake of the upcoming SEC regulations. With this acquisition, SAFE is shaping the risk quantification and management market with a standards-based approach coupled with automation,” says Michael Montoya, CISO at Equinix. “Our customers have been asking to combine the rigor of FAIR analyses with automation to scale their cyber and enterprise risk management practices. We looked for a partner to accelerate the fulfillment of this vision and SAFE became the obvious choice because of the shared vision for the industry,” said Nick Sanna, CEO of RiskLens.

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies.  We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the majority acquisition of Logpoint by Summa Equity. Logpoint is a leading provider of next-generation SIEM, SOAR, and UEBA to over 700 organizations across 50+ countries. Logpoint’s platform is equipped with machine learning and automation capabilities, and can be deployed as either a SaaS or On-Premise Solution.

“By taking a majority stake in Logpoint, we are investing in securing the global tech-enabled transformation, which is vital to reaching most of our sustainable development goals. It is an investment in European cybersecurity resilience, ensuring that the technology to secure digital infrastructures thrives in Europe.” said Christian Melby, Partner and CIO at Summa Equity, “Logpoint will serve as the platform for building a European cybersecurity powerhouse, as an alternative to the dominating US vendors.”

“We are at a historical tipping point where the digital transformation is key to our collective future and prosperity. This foundational transformation is threatened by increasingly aggressive adversaries, organised crime, and state-sponsored actors. The war in Ukraine, the energy crisis, and the Covid-pandemic have made us realise our vulnerabilities, and advanced cyber-technology is a core element in securing the transformation.” said Jesper Zerlang, Logpoint’s CEO, “In partnership with Summa, we will create the strongest European cybersecurity company with global reach, making this technology available to organisations of all sizes.”

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies.  We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the Series A investment in SaaS Alerts by Insight Partners. SaaS Alerts was designed to help MSPs monitor and protect their customers’ usage of today’s most popular SaaS applications such as Microsoft 365, Google Workspace, Salesforce, Dropbox and more – and to safeguard against security threats to a business’ SaaS environment such as data theft, data at risk due to unintentional employee mishaps and actions taken by bad actors.

“SaaS applications have become essential for businesses of every size and MSPs need the ability to better protect those applications on behalf of their customers. SaaS Alerts has pioneered SaaS security for MSPs and has a clear vision for how detecting and correlating abnormal user behavior can greatly impact the MSP industry,” said Philine Huizing, Principal at Insight Partners. “We’re excited to partner with SaaS Alerts as the company scales to address this unique opportunity.”

“We couldn’t be more excited to partner with Insight Partners and we see their investment in SaaS Alerts as a monumental endorsement for what we have built and what we intend to build as we collaborate going forward,” said Jim Lippie, CEO of SaaS Alerts. “I’m very proud of our team for reaching this milestone and look forward to working with Insight to continue to build value for our MSP partners and stakeholders.”

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of Hitachi ID Systems Inc. by Volaris Group, an operating group of Constellation Software. Hitachi ID Systems, renamed to Bravura Security, is the only Identity Management, Privileged Access, and Password Management platform that is delivered as one powerful solution. With decades of experience servicing customers across various verticals, Bravura Security has demonstrated its expertise in servicing any complex enterprise environment.

“Bravura Security’s analyst-recognized market position combined with its more than 20 years experience and global customer base made it an attractive investment for Volaris,” said Carl Bruce, Group Leader at Volaris. “This acquisition positions us to strategically build out a broader cybersecurity portfolio and provides us with a footprint in the growing identity and privileged access management market.”

“Over the past few years, as executives have broadened their security perimeters to global workforces, hackers and other malicious actors have intensified attacks. CISOs need a technology partner with a stable and long-term vision to help mitigate these threats.” said Nick Brown, CEO at Bravura Security. “Volaris brings expertise and resources to Bravura Security to help position us for the next phase in our mission to make businesses more secure.

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of Cybersprint by Darktrace. Cybersprint is the European leading provider of External Attack Surface Management, offering continuous and automated identification and monitoring of an organization’s external attack surface. Cybersprint’s Attack Surface Management platform is unique in its ability to assess and prioritize technical risk of external facing assets while suggested remedial actions while using a zero-scope, outside-in, minimal input approach that requires no sensitive customer data or access to customer systems.

“We are very excited to welcome the Cybersprint team to Darktrace. Bringing inside-out and outside-in visibility together is critical and having access to the robust, rich, real-time external dataset combined with Darktrace’s Self-Learning AI means that customers get a holistic view of prioritized cyber risks to harden the parts of their organization that are most vulnerable.” Said Poppy Gustafsson, CEO, Darktrace.

“I’m very excited about this fantastic step in the journey of Cybersprint. We are passionate about automating manual tasks in cybersecurity from an outside perspective. We believe attackers never sleep and operate without scope.” commented Pieter Jansen, CEO, Cybersprint”.

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the acquisition of Fugue by Snyk. Fugue is a leading provider of Infrastructure as Code and Cloud Security Posture Management. Fugue’s Unified Policy Engine is unique in its ability to connect cloud posture back to configuration code, using one set of policies in order to manage compliance and security throughout the entirety of the software development lifecycle. Being designed for and by developers, this unmatched feedback loop allows developers to secure their code before deployment, maintain its secure integrity while running, and better understand precise places to provide fixes back in the code.

“Welcoming the talented Fugue team as our newest Snykers is a fantastic way to kick off 2022,” said Peter McKay, CEO, Snyk. “Together, we’ll collectively reimagine what cloud security can and should look like for today’s modern DevSecOps teams, ensuring more secure innovation can flourish worldwide.”

“As we join forces with Snyk today, our founding mission – security by and for developers – doesn’t change, but expands exponentially with the scope of the opportunity in front of us,” said Josh Stella, Co-founder & CEO, Fugue. “We’re excited to now reach more developers in more places, helping them to not only build our future, but also successfully secure it.”

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.

Boston Meridian is pleased to announce the $100m Series B investment in TokenEx by K1 Investment Management. TokenEx partners with its clients to secure their most sensitive data, typically cardholder data for card-not-present transactions. TokenEx collects data via API calls or managed file transfers before it enters an organization’s internal systems and then exchanges that sensitive data for nonsensitive data called tokens. These tokens can be sent to any API endpoint, creating a layer of abstraction that safeguards against cyber and ransomware attacks, while also increasing freedom, control, and interoperability for customers.

“TokenEx’s mission of protecting the world’s most sensitive data from theft is one that only grows more essential every day,” said Tarun Jain, Principal, K1 Investment Management. “As digital transactions become the preferred method of payment, we are excited by the value and utility of TokenEx’s platform to help process payments reliably and securely. We are thrilled to partner with the TokenEx team to capture this massive market opportunity.”

“We couldn’t be more excited to partner with K1 to continue our journey as the category leader in securing the world’s most sensitive data,” said Alex Pezold, Founder and CEO, TokenEx. “With the rise in data breaches, privacy regulations, and digital payment volumes, the need for our solution has increased exponentially this round of funding will allow us to take our technology to new heights and create a world-class experience for all our customers.”

Boston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.