Archives: Transactions

Boston Meridian is pleased to announce the sale of OpenSky Corporation to TÜV Rheinland. OpenSky is an independent IT consulting firm focused on Transformational IT Infrastructure, Security and Compliance services. OpenSky helps large enterprises streamline IT infrastructure, protect information assets and accelerate the adoption of strategic technologies. The company’s extensive technology expertise, combined with deep industry experience, allowed it to successfully deliver over 750 projects to Fortune 500 companies. OpenSky’s IT services will become an integral part of TÜV Rheinland’s extensive portfolio, allowing the company to further strengthen the leading third party certifier’s IT Information Services.

Boston Meridian acted as sole financial advisor to OpenSky Corporation.

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 Solera Networks to Blue Coat Systems. Solera is the industry’s leading provider of big data security intelligence and analytics for advanced threat protection. The Solera DeepSee platform adds industry-leading security analytics and forensic capabilities to the Blue Coat product portfolio, delivering an end-to-end security solution that includes protection, remediation, and governance and gives enterprises complete visibility into the content and context of advanced targeted attacks. Solera’s real-time intelligence, security visibility and forensic capabilities combined with Blue Coat’s comprehensive Web-based threat intelligence capabilities give businesses the tools to proactively block threats and rapidly identify, respond and recover from a data breach or incident.

Boston Meridian acted as sole financial advisor to Solera Networks.

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.

NCC Group plc (LSE: NCC, “NCC Group” or “the Group), the international, independent provider of Escrow and Assurance Services, has acquired US-based Intrepidus Group, Inc. (“Intrepidus”), an independent security research and testing services provider primarily focused in the mobile telecommunications sector.

On November 30, 2011, McAfee completed its acquisition of privately owned NitroSecurity, a leading provider of security information and event management (SIEM) solutions that provide complete visibility and situational awareness to protect critical information and infrastructure. NitroSecurity’s solutions use a patented database engine to identify, correlate, and remediate threats faster than any other technology on the market. The acquisition enables McAfee to provide organizations with greater visibility into endpoint assets, network infrastructure, specific security threats and risks, and system vulnerabilities across the entire IT environment – via a single management platform.

SIEM technology provides real-time analysis of security alerts generated by network hardware, system events, and applications, and is used to log security data and generate reports for compliance purposes. NitroSecurity is a member of the McAfee Security Innovation Alliance and its SIEM technology has already passed integration testing with the McAfee ePolicy Orchestrator (McAfee ePO) management console. The addition of NitroSecurity’s SIEM solutions will further expand the capability of the McAfee ePO management console to view events, activity, and logs created by networks, databases, and applications, helping customers take immediate, decisive action to address threats and vulnerabilities.

The integration of NitroSecurity’s SIEM technologies into the McAfee product family will enable enterprises to:

• Use a single platform for event analysis and management
• Quickly identify, correlate, and remediate threats, mitigating risks to information and infrastructure
• Analyze forensic log and event data created by networks, databases, and applications
• Institute a range of monitoring and mitigation actions, such as issuing new configurations, implementing new policies, and deploying software updates

The acquisition of NitroSecurity gives McAfee a strong foothold into the rapidly growing SIEM market, which hit $987 million in 2010 according to Gartner, and expands McAfee’s opportunity in the risk and compliance market. “McAfee is focused on keeping customers safe with optimized security and risk management solutions,” said Stuart McClure, general manager and senior vice president of the Risk and Compliance business unit at McAfee. “With NitroSecurity’s technology and talent, McAfee can expand its reach into new markets, secure new platforms, and strengthen its hold as the leader in the security risk management market.”

NitroSecurity’s technologies are a natural fit with the McAfee security portfolio. “NitroSecurity’s technology supports a broad range of information sources, including network security devices, firewalls, operating system and application logs, vulnerability assessment scans, identity and access management systems, and privacy systems. It will complement the extensive McAfee security portfolio and help to meet the demanding compliance and protection needs of our joint customers,” said Ken Levine, chairman and chief executive officer of NitroSecurity.

SAN JOSE, Calif. –  Cisco today announced it has completed its acquisition of privately-held Pari Networks, a leading provider of network configuration and change management (NCCM) and compliance management solutions that will complement Cisco’s smart service capabilities. Based in Milpitas, Calif., with part of its employee base in Hyderabad, India, Pari Networks’ technology will integrate into Cisco’s smart services and help accelerate the ability of Cisco and its partners to manage the health and stability of customer networks through proactive, personalized services.

In addition to advanced technology, Pari Networks brings to Cisco an industry-leading team of engineers that will continue to build out and strengthen Cisco’s smart service capabilities.  Cisco and its partners have been evolving service offerings from reactive to proactive by embedding smart service capabilities throughout professional and technical services.

Financial terms of the transaction are undisclosed. With the close of the acquisition, Pari Networks employees become part of Cisco’s Technical Services.

IdentityTruth® Products, Customers, Intellectual Property And Employees Come With Transaction

AUSTIN, Texas – CSIdentity Corporation, the industry’s leading provider of wholesale identity theft protection and fraud detection solutions, has successfully completed its acquisition of IdentityTruth, Inc., a privately-held company based in Waltham, Massachusetts. The acquisition complements CSIdentity’s industry leading product and service offerings by adding the IdentityTruth® proprietary technology and analytics to its product set.

“Our clients and business partners have to constantly stay ahead of the evolving challenges posed by identity theft and fraud,” said Joe C. Ross, president of CSIdentity. “IdentityTruth’s powerful identity theft scoring and prediction technology bolsters our market-leading product portfolio and keeps us at pace with the growing demand for new and innovative identity theft protection solutions.”

Transaction Details

CSIdentity funded the acquisition of IdentityTruth® with cash from existing profits and funds from Investcorp Technology Partners, its anchor investor. “IdentityTruth represents a logical extension of CSIdentity’s product portfolio and will make a significant contribution to the high growth trajectory CSIdentity is operating on,” said Alex Guira, co-head of Investcorp Technology Partners.

CSIdentity now employs more than 80 employees in Austin, Texas, San Diego, California and Waltham, Massachusetts and has a growing technology and patent portfolio unmatched by other identity theft solution providers.

Boston Meridian served as the financial advisor to IdentityTruth®.

Growing Demand

According to 2010 studies, over 11 million Americans, including many children, have had their identities stolen. Studies have shown that 88 percent of global organizations have had a data breach, with one to three breaches occurring daily. U.S. related losses due to identity theft and fraud are estimated to be over $54 billion.

The acquisition of IdentityTruth® responds to growing demand and propels CSIdentity into a clear market leadership position in the wholesale identity theft protection and fraud detection industry.

 

Enhanced Product Portfolio

The company’s comprehensive suite of identity theft solutions targets all aspects of identity theft and fraud through products including:

• Identity Monitoring – credit and non-credit reports, scores and alerts

• Breach – security breach services ranging from discovery to resolution

• Restoration – full service identity theft restoration services including limited power of attorney

• Platform Solutions – end to end private labeled identity theft protection platform solutions

• VoiceVerified®, a patented voice biometric identity verification system

IdentityTruth’s® Identity HealthScore adds to this suite of valuable solutions by providing a dynamic method of gauging individual risk for identity theft or fraud. IdentityTruth’s® proprietary system constantly receives and analyzes data from multiple sources to build a complete identity profile for an individual. Sophisticated fraud detection algorithms then evaluate a person’s risk for fraud schemes and reports suspicious activity such as an unrecognized address or a newly issued phone number.

All of the company’s solutions are sold on a wholesale basis through CSIdentity’s proprietary platforms to other businesses in the identity theft space and other key vertical markets.

About CSIdentity Corporation

CSIdentity is the technology leader in delivering, on a wholesale basis, Identity Theft Protection, Fraud Detection, Voice Biometrics, ID Verification, and Data Breach Management and Restoration Services. The company offers a comprehensive suite of business and personal security solutions targeting all aspects of identity theft. Products include full-service identity theft protection and fraud detection services, identity monitoring and alerts, voice biometrics, comprehensive background screenings, and pro-active breach management services from pre-planning, discovery and restoration.

Financial Advisory & Valuation Services

Series A Round to Fuel and Support Growth for Leader in Intelligent Automation Software for Cloud, Data Center and HPC Environments

Provo, Utah—Adaptive Computing, the company behind theMoab® unified automation intelligence technology, today announced the completion of its Series A round of financing, securing $14 million from Intel Capital, which served as the lead investor, Tudor Ventures and EPIC Ventures.  Adaptive Computing’s initial round of funding, after nine years of consistent profitable growth as a company, will be used to further accelerate the company’s ability to meet the rapid increase in customer demand for cloud automation intelligence.

“As cloud computing demand has continued explosive growth, Adaptive Computing and its partners have applied Moab’s unique competitive advantage of upgrading static self-service cloud projects to rich self-optimizing or intelligent workload-driven clouds,” said Michael Jackson, COO and president of Adaptive Computing. “With an established global customer base and a cloud pipeline filled with opportunity, the new funding will enable the company to increase headcount and expand operations to meet the growing global demand.”

Adaptive Computing’s solutions, powered by Moab, deliver intelligent governance that allows customers to optimally consolidate and virtualize resources, allocate and manage applications, improve service levels, and reduce operational costs. Since Adaptive Computing’s founding in 2001 (as Cluster Resources Inc.), the company’s Moab products have managed the world’s largest computing installations and are the preferred intelligent automation solutions for the leading global data center vendors.

“Adaptive Computing’s solutions are well-positioned to play an important role upgrading enterprise data centers to intelligent, self-optimizing cloud environments,” said Steve Eichenlaub, managing director of Intel Capital. “Our investment in Adaptive Computing is consistent with Intel Capital’s belief that intelligent policy management will play a critical role in the next phase of cloud automation.”

“We are excited to work closely with Adaptive Computing to realize the tremendous opportunity in front of them. Cloud computing is a natural extension of the virtualization wave that is rapidly transforming enterprise data centers, and Adaptive Computing’s Moab product is a clear leader in intelligent cloud management software as evidenced by significant customer wins and its deep reseller and OEM partnerships,” said Jon Danielson of Tudor Ventures.

“While the first wave of cloud computing has been centered on virtualization, the next wave of managing the complexity of cloud-based workloads and resources is a much bigger problem to solve,” said Chris Stone, managing director of EPIC Ventures. “Adaptive Computing is the solution to taming this complexity, and we at EPIC Ventures are pleased to have the opportunity to make it a standard in the cloud computing market.”

About Adaptive Computing

Adaptive Computing provides intelligent automation software for HPC, data center and cloud environments. The company’s infrastructure intelligence solutions, powered by Moab®, deliver policy-based governance, allowing customers to consolidate and virtualize resources, allocate and manage applications, optimize service levels and reduce operational costs. Adaptive Computing products manage the world’s largest computing installations and are the preferred intelligent automation solutions for the leading global HPC and data center vendors. For more information, call Adaptive Computing at (801) 717-3700 or visit www.adaptivecomputing.com.

About Intel Capital

Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 50 percent of funds invested outside the United States and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com

About Tudor Ventures

Tudor Ventures is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized, diversified investment management firm. Tudor Ventures provides growth capital to later-stage technology and services companies. For more information, please visit www.tudorventures.com.

EPIC Ventures

Founded by Zions Bank in Salt Lake City in 1994, EPIC Ventures is a premier venture firm focused on early stage technology investments in internet infrastructure, software, cloud and mobile services. With over $250m under management, EPIC helps to create companies, not just fund them. EPIC’s Fund IV is actively investing in creating the country’s future information economy. For more information, please visit www.epicvc.com.

Ra’anana, Israel and New York, NY — Boston Meridian is pleased to announce the acquisition of Syfact International, B.V. by NICE Systems (NASDAQ: NICE) and Actimize, a NICE Systems Company.

Syfact is a pioneer of enterprise investigative case management solutions and their expertise, technology and best practices will help Actimize customers further improve investigative operations, increase compliance with regulations and reduce overall operational costs. The acquisition also enhances the joint company’s footprint and competitive position, providing immediate benefits for both Actimize and Syfact customers. Actimize intends to continue supporting current product installations and increase investment in Syfact’s product support program.

About Actimize:

Mitigating transactional risk across enterprise silos, Actimize is a leading provider of software solutions for anti-money laundering, brokerage compliance and fraud prevention. Built on a patented, scalable and extensible analytics platform, Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Actimize technology processes billions of transactions a day for many of the world’s top banks and brokerages. Actimize, a NICE Systems company, has offices in New York, Israel, London and Tokyo.
About Syfact:

Syfact, headquartered in Europe with offices in North America, has been used by many of the world’s largest and most respected corporations, government agencies and financial institutions including, among others, ING and Rabobank. They are a leading global provider of investigative case management solutions, best practices, and technologies. Through deep industry knowledge, extensive experience, and leading-edge technologies, Syfact employs a holistic, best practices approach, delivering best-of-breed investigative solutions in the areas of compliance, complex fraud, money laundering, customer due diligence, and corporate security investigations.