Archives: Transactions

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.

Boston Meridian is pleased to announce the acquisition of Threat Stack by F5 Networks (NASDAQ: FFIV). Threat Stack is a leading provider of cloud security and compliance for infrastructure and applications. Their Cloud Security Platform delivers full stack security observability across the cloud management console, host, container, orchestration, managed containers, and serverless layers.

“Applications are the backbone of today’s modern businesses, and protecting them is mission critical for our customers,” said Haiyan Song, EVP of Security at F5. “Threat Stack brings technology and talent that will strengthen F5’s security capabilities and further our adaptive applications vision with broader cloud observability and actionable security insights for customers.”

F5’s application and API protection solutions combined with Threat Stack’s cloud security capabilities and expertise will enhance visibility across application infrastructure and workloads, making it easier for customers to adopt consistent security in any cloud. A core tenet of adaptive applications is their capacity to protect themselves by detecting and mitigating threats in real time. Threat Stack’s proactive risk identification and real-time threat detection combined with the breadth of F5’s application insights and controls will accelerate the delivery of this capability to 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.

Boston Meridian is pleased to announce the acquisition of Carve Systems by iVision. Carve is a leading provider of security services to assess risk, proactively find threats, remediate vulnerabilities, and improve development / security teams. The Company’s comprehensive suite of Assessment, Engineering, and Strategy services secures an entire organization, including its people, applications, data, and networks. By balancing proprietary and automated tools with security expert analysis, Carve delivers optimal results to improve a client’s security posture.

“We have been extremely impressed with Carve’s security expertise and their innovative approach to serving clients,” said David Degitz, CEO of iVision. “We’re focused on keeping the Carve brand with its unique and special cybersecurity services as a subsidiary brand of the iVision company and helping Carve grow as they continue to serve new and existing clients that demand world-class cybersecurity expertise and white glove service.”

“Carve was founded on the principle of putting business in the best position to succeed in the current cybersecurity climate,” said Mike Zusman, CEO of Carve Systems. “By teaming up with iVision and their vast portfolio of services, we’re able to ensure we serve our clients’ IT needs in every possible way.”

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 SKOUT by Barracuda. SKOUT is the leading Cloud-based XDR platform for MSPs. The Company’s complete security offering focuses on people, process, and technology to identify, detect, and respond to incidents and mitigate threats. SKOUT combines telemetry from across the technology stack to apply orchestration and analytics, all powered by a 24x7x365 SOC.

“Barracuda has entered the fast-growing XDR market with a solution optimized for MSPs,” said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. “MSPs will benefit from the broader set of solutions, and we’re excited to offer MSPs new response-centric capabilities that will complement Barracuda’s existing portfolio of email, network, and application security products.”

“All MSPs need to become security-first businesses, and we see our platform as a tool to help the market achieve that,” said Aidan Kehoe, CEO and Founder of SKOUT. “Both companies have a shared mission of protecting small businesses everywhere, and the acquisition by Barracuda helps us fully execute on that mission.”

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 Motiv by Atos. Motiv is the largest independent provider of managed security services in the Netherlands and boasts one of the world’s most mature SOCs. The Company’s expert incident responders, cybersecurity analysts, and threat intelligence analysts have deep experience working with state-of-the-art security tools to safeguard network, endpoint, cloud, and SaaS applications. Motiv’s Agile and DevSecOps principles help customers accelerate cybersecurity and digital transformation efforts.

“Motiv supports Atos’ digital security vision for a converged business-driven security paradigm, enabled by sovereign capability and customer intimacy, and made possible through its end-to-end security services. Motiv’s track record in growth, local expertise and reputation in the market will strengthen Atos’ teams in Northern Europe,” says Pierre Barnabe, Senior Executive Vice President, Head of Big Data & Cybersecurity at Atos.

“By joining forces with Atos, we accelerate our mission to support the secure digital transformation of our customers, unlocking the full potential of Atos’ global cybersecurity service and capabilities to our customers,” says Aksel Dorel, CEO of Motiv.

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 Perch Security by ConnectWise (a Thoma Bravo company). Perch Security provides the only MSP-designed SIEM in the industry, stripping away unnecessary complexity while providing the multi-tenant functionality MSPs need to support multiple SMB clients and easily capture data from the systems they are monitoring.

The acquisition of Perch Security establishes ConnectWise as the industry’s only platform with a comprehensive offering for today’s Technology Solution Provider – complete with business management, unified management and security management, including SOC and SIEM services. “We want to make cybersecurity less complex for TSPs by providing technology that makes it easy to collect, assess and respond to security data,” said Jason Magee, CEO, ConnectWise. “We are gaining extremely talented and innovative colleagues with a deep understanding of cybersecurity, and a laser focus on what their partners need to succeed.”

“It’s been extremely rewarding to see MSPs find the value in our offering and even more so to add functionality they told us they needed most: SIEM technology, integrations with the tools they use, and more. We’re very excited to join the ConnectWise family and work to solve the full set of security challenges MSPs struggle with,” said Aharon Chernin, CEO, Perch Security.

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.