Archives: Transactions

Boston Meridian is pleased to announce the sale of SS8 to HighBar Partners. SS8 is a leading provider of Lawful Intercept and Monitoring Center platforms. Their technology simplifies compliance for lawful intercept, correlates intelligence, and reconstructs communications to provide actionable insight on subjects of interest. BreachDetect, the enterprise offering, has alerting and network investigation capabilities to improve threat detection and reduce attacker dwell time.

“SS8 provides mission-critical solutions to some of the world’s most important organizations,” said John Kim, Co-Founder and Managing Partner at HighBar Partners. “Their longstanding relationships with Tier 1 Communication Service Providers and Lawful Enforcement Agencies are a testament to both SS8’s leadership and technical expertise.”

“SS8’s market is at a historic inflection point which is leading to numerous growth opportunities for our business: Lawful Intercept moving to Lawful Intelligence, Breach Detection moving to Holistic Threat Detection, and static analysis moving to dynamic machine-based analytics,” said Dennis Haar.

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 sale of PhishMe to a private equity consortium. PhishMe is the leading provider of human-driven phishing defense solutions. The acquisition valued the company at $400 million. In conjunction with the transaction, PhishMe has changed its name to Cofense, which reflects collaborative defense. Cofense emphasizes the Company’s broad portfolio of enterprise-wide attack detection, response and orchestration solutions.

“PhishMe was founded to challenge the cliché that people are the weakest link in security,” said Rohyt Belani, CEO and Co-Founder of Cofense. “The Cofense solution set leverages internal employee-generated attack intelligence in concert with purpose-built response technologies to break the attack kill chain at delivery.”

Cybersecurity continues to be a top priority for organizations of all sizes, especially when it comes to user behavior and security awareness training. With private equity backers, Cofense will continue its mission to stop threats faster by combining human intelligence with technology.

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 sale of Sqrrl to Amazon Web Services. Sqrrl is the first and only purpose-built Threat Hunting Platform to detect cyber adversaries that have evaded detection or proper prioritization by existing cyber defenses. The Company utilizes linked data, machine learning, UEBA, risk scoring, and Big Data technologies to provide a behavior graph that reveals malicious patterns and anomalies hidden within security datasets.

Accumulo, the technology which underpins the Threat Hunting Platform, was developed by Sqrrl’s co-founders during their time at the NSA. With most companies facing a shortage of internal security skills and resources, Sqrrl helps increase analyst efficiency and reduce attacker dwell time.

This acquisition will add to the portfolio of security services already offered by AWS such as CloudTrail, GuardDuty, Inspector, and Macie. These security services help organizations transition to the Cloud while maintaining visibility and control of their IT estate.

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 strategic investment in ReversingLabs by Trident Capital Cybersecurity and JPMorgan Chase. ReversingLabs is a leading unified software provider of Massively Scalable File Analysis, Threat Intelligence, Incident Response, and Accelerated Forensics. The Company enables security teams to prevent and respond to breaches more quickly through static file analysis that identifies threats in near real-time on all content entering the enterprise.

“Advanced threat detection alone is not enough,” said Sean Cunningham, Managing Director at Trident Capital Cybersecurity. “Enterprises increasingly realize that they must adopt new strategies for defense against cyber attackers.”

“JPMorgan Chase is pleased to work with ReversingLabs on its threat hunting and object analysis capabilities, which can empower security teams with new perspectives on past, present, and future threat activity,” said Rick Smith, Head of Private Investments, JPMorgan Chase.

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 sale of VeriSign’s (NASDAQ: VRSN) iDefense Security Intelligence Services to Accenture (NYSE: ACN). iDefense is one of the world’s first, and most reputable, threat intelligence organizations providing unmatched context regarding vulnerability exploitation, cyber espionage, cyber crime, and hacktivism. It utilizes a graph database to help enterprises improve their security posture by correlating threats, actors, and incidents so that resources can be allocated immediately and efficiently. The capabilities of iDefense will complement the adversary simulation that Accenture offers (leveraging a previous acquisition, FusionX) and the rest of the cybersecurity solutions within Accenture’s Global Delivery Network.

“There simply isn’t enough time, budget or human resources to defend against every imaginable attack scenario or adversary without intelligent systems and automation. That’s why having the best available threat intelligence is critical to helping us protect our clients’ entire value chains, allowing them to focus on innovation and growth,” said Kelly Bissell, managing director of Accenture Security. “We are confident that the collective capabilities of Accenture Security and iDefense can help organizations better understand where threats are coming from and adjust protections before damage is done.”

Boston Meridian acted as sole financial advisor to VeriSign, Inc.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.

Boston Meridian is pleased to announce the sale of Camouflage Software to Imperva (NASDAQ: IMPV). Camouflage is the market leader in data masking, data security, and risk management solutions. Their technology transforms sensitive data in order to share it for application testing, development, research, and analysis, all while maintaining privacy protection. With Camouflage, organizations can discover where sensitive data resides, continuously monitor data access, and detect and contain breaches by identifying and blocking instances of data abuse. Their products minimize the number of places where sensitive data is stored, thus reducing cyber threat exposure and aiding in compliance with the myriad of data privacy regulation.

“Through our OEM agreement with Camouflage, we saw the value of their data security offerings and how it helped to provide Imperva customers with the flexibility to use data assets while minimizing the risk associated with exposing sensitive data,” said Mark Kraynak, senior vice president and general manager of enterprise solutions for Imperva. “We look forward to extending the Imperva solution to include data security functionality that can further protect against cyberattacks and help customers achieve greater regulatory compliance.”

Boston Meridian acted as sole financial advisor to Camouflage Software.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.

Boston Meridian is pleased to announce the sale of Resilient Systems to IBM Corporation. Resilient Systems is a leading provider of security incident response solutions. Their platform allows security teams to analyze, respond to, and mitigate incidents faster, smarter and more efficiently. The platform integrates security technologies into a single hub and provides easy workflow customization and process automation. In conjunction with this acquisition, IBM has launched their new IBM X-Force Incidence Response Services to tap the knowledge of 3,000 consultants and security researchers.

“The combination of Resilient’s people – top thought leaders in the incident response marketplace – and their technology is a differentiating addition to our security business,” said Marc van Zadelhoff, General Manager, IBM Security. “Our investments in threat detection and prevention have helped us move into a leadership position in the security market. With Resilient, we’re expanding the capabilities we bring to customers, helping them manage the complexities in resolving security incidents, including the coordination of teams, best practices, and reporting.”

Boston Meridian acted as sole financial advisor to Resilient Systems.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.

Boston Meridian is pleased to announce a strategic investment in StorageCraft Technology Corporation by TA Associates. StorageCraft is a leading provider of backup, disaster recovery, system migration, virtualization and data protection solutions for physical, virtual, and hybrid environments. StorageCraft’s integrated solution provides complete system and data protection for Windows and Linux platforms of service providers, enterprises, and SMBs. These solutions significantly reduce downtime, improve security and stability for systems and data, lower total cost of ownership, and ensure reliability. In connection with the investment, Matt Medeiros has joined StorageCraft as Chairman and CEO.

“We are excited about this investment and to welcome a highly credentialed technology executive like Matt to the company,” said Jonathan W. Meeks, a Managing Director at TA Associates who will join the StorageCraft Board of Directors. “With its award-winning business continuity and disaster recovery product suite, StorageCraft has had notable success, directly and indirectly serving over 10,000 MSPs. In keeping with TA’s long-established investment approach, we will collaborate closely with Matt and his team to further grow the company.”

Boston Meridian acted as sole financial advisor to StorageCraft.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.

Boston Meridian is pleased to announce the sale of Fox-IT to NCC Group. Fox-IT is a leading provider of high-end cyber security solutions comprising cyber security products, managed security services, advanced threat intelligence, forensics and incident response, and professional services. Fox-IT is staffed by an elite team of highly technical cyber security experts with deep industry experience dedicated to maintaining the security of government, enterprise, critical infrastructure, retail, and financial services organizations. The Company is recognized as a leading provider of managed security services and contextual threat intelligence.

“Fox has an impressive reputation and brand with a high quality client base, including government security departments and global organisations. The business also has a range of complementary professional and managed services and products which we aim to distribute internationally,” said Rob Cotton, NCC Group CEO. “The addition of Fox, with its quality management team, 250 technical security experts and personnel and high assurance cryptology and forensics capabilities, enables us to take a further substantial step towards our aspiration of becoming the leading player in the expanding global cyber security market.”

Boston Meridian acted as sole financial advisor to Fox-IT.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.

Boston Meridian is pleased to announce the sale of FusionX to Accenture. FusionX is a leading provider of advanced cyber security services including cyber attack simulation, threat modeling, cyber investigation, and security risk advisory services. FusionX’s fundamentally differentiated approach helps organizations redefine their strategy for defending against advanced cyber threats. The Company is staffed by an elite team of highly technical security experts and works with Fortune 100 organizations across financial services, critical infrastructure, technology, government, and manufacturing.

“Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats,” said Michael Salvino, group chief executive, Accenture Operations. “FusionX gives Accenture the critical ability to prepare our clients against the most advanced cyber adversaries. Accenture will continue to expand its advanced threat capabilities to help clients spot cyber security vulnerabilities, defend themselves against the most advanced cyber threats, and to respond to the inevitable breaches that do occur.”

Boston Meridian acted as sole financial advisor to FusionX.

Boston Meridian is an innovative investment bank focused on providing leading M&A and capital raising advisory services to growth companies. We provide senior partner focus to achieve rapid and successful results for our clients, unlocking the strategic value of technology to yield unparalleled results.