Onex Invests in Ryan – A Leading Global Tax Services and Software Provider –

Onex

Toronto, Ontario and Dallas, Texas, October 17, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it acquired a 42% interest in Ryan, LLC (“Ryan”) for $317 million, which values the company at $1.1 billion.
Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients, including many of the world’s most prominent companies.

“Onex is the ideal partner for us given its strong track record and focus on growing companies and supporting the management teams in which it invests,” said G. Brint Ryan, Founder, Chairman and Chief Executive Officer of Ryan. “In recent years, we’ve significantly expanded our business, adding new service lines and growing our premium client roster. With the backing of Onex, we’ll continue this momentum to increase the value we bring to our clients.”
“Ryan is a trusted advisor to many of the world’s most respected organizations. This is a direct reflection of the caliber and values of Ryan’s people who are completely aligned with the success of their clients and work relentlessly on their behalf,” said Amir Motamedi, a Managing Director with Onex. “We’re delighted to be in business with Brint and his team and look forward to the years ahead.”
Onex invested $86 million of equity as a limited partner in Onex Partners IV. Onex expects to begin accruing fees on Onex Partners V, a $7.15 billion fund raised in 2017, once its previously announced acquisition of KidsFoundation closes later this year.
BofA Merrill Lynch acted as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Onex. Baker & McKenzie LLP acted as legal advisor to Ryan.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.8 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $48 billion, generate annual revenues of $31 billion and employ approximately 211,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a six-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity. For more information on Ryan, visit its website at www.ryan.com.

This news release may contain forward-looking statements that are based on Onex and Ryan management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex and Ryan are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711
Ryan
Patty Sullivan
Director, Communications
+1.469.399.4721 or patty.sullivan@ryan.com

KKR Completes Acquisition of BMC Software

KKR

HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management.  The terms of the agreement, which was previously announcedin May 2018, were not disclosed.

“As we embark on our next chapter with KKR, BMC continues to provide our customers with transformational solutions that help them manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments,” said Peter Leav, President and Chief Executive Officer of BMC. “With KKR’s support, and the strength of BMC’s world-class team, we will continue to grow and invest in our future as we drive innovation and results, and meet the changing needs of our customers and the marketplace. BMC is well-positioned for future growth and success.”

Headquartered in Houston, BMC Software serves more than 10,000 customers worldwide, including 92% of the Forbes Global 100. Since 1980, BMC has consistently expanded its scope alongside constantly evolving IT markets to address the ever-changing needs of the global enterprise. This year, BMC was recognized as one of America’s best employers for the third consecutive year by Forbes.

About BMC 
BMC helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex IT problems. Bringing both unmatched experience in optimization and limitless passion for innovation to technologies from mainframe to mobile to cloud and beyond, BMC helps more than 10,000 customers worldwide reinvent, grow, and build for the future success of their enterprises, including 92 of the Forbes Global 100.

BMC—the multi-cloud management company. www.bmc.com

BMC – The Multi-Cloud Management Company
BMC, BMC Software, and the BMC logo are the exclusive properties of BMC Software Inc., are registered or pending registration with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other BMC trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. ©Copyright 2018 BMC Software, Inc.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Editorial contacts:
Sheila Watson
BMC
D: 713.918.8832
M: 713.294.6818
sheila_watson@bmc.com

Kristi Huller or Samantha Norquist
KKR
D: 212.750.8300
media@kkr.com

BMCLogo

 

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Segulah V L.P. acquires Swedish colocation business

Segula

Segulah V L.P. acquires Swedish colocation business

Segulah V L.P. has entered into an agreement to acquire Sungard Availability Services’ Swedish business. The transaction was completed on September 28, 2018. Going forward, the business will operate under the new corporate name Conapto.

Conapto operates two data centers and one recovery site in the Stockholm area. The Company can trace its heritage back to 1982 when the first data center was set up and operated under the name Backupcentralen. Since then, the business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access.

Segulah will appoint Ulf Engerby (Chairman) and Ann Hellenius as directors of the board. Ulf has significant experience from the IT infrastructure and cloud outsourcing market as co-founder and former owner of Qbranch. Ann, incoming CIO at Scandic Hotels, has extensive knowledge of digital transformation in both the private and public sectors.

Håkan Björklund will join Conapto as CEO. Håkan has previously spent almost eleven years at Sungard Availability Services’ Swedish business, most recently as Head of operations until June 2017.

“I look forward to working together with Segulah to grow Conapto and develop the business for our customers. We will create a platform for our clients where they can meet the IT needs of tomorrow, and be a natural step in their migration to the cloud”, says Håkan Björklund, new CEO at Conapto.

“We are excited about the prospects of investing in further developing and expanding the Conapto business together with an experienced team and competent board. Conapto is a high quality colocation operator in its segment with multiple avenues for further growth in a rapidly changing IT environment”, says Percy Calissendorff, Partner at Segulah Advisor AB.

 

The acquisition is the seventh investment for Segulah V L.P.

 

For further information, please visit www.conapto.sewww.segulah.com or contact:

Håkan Björklund, CEO, Conapto, +46 70 559 07 86

Percy Calissendorff, Partner, Segulah Advisor AB, +46 73 347 62 81

Johan Möllerström, Investment Manager, Segulah Advisor AB, +46 72 543 79 11

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GP Bullhound advises Extenda on its sale to STG Partners

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to Extenda Holding AB on its sale to STG Partners, the California based private equity firm focused on investing in innovative software, data, and analytics companies
Extenda is one of Europe’s leading providers of Point of Sale software to tier 1 retailers. Extenda’s product range includes omni-channel solutions, self-scanning and self-checkout, mobile POS and e-commerce integrations. STG Partners has also signed an agreement to acquire Visma Retail from The Visma Group, and will merge Extenda and Visma Retail to form Extenda Retail.

Håkan Valberg, CEO of Extenda commented: “This merger is a perfect match in terms of complementary solutions, geographic coverage, delivery capabilities and organisational culture, all backed by one of the most respected investors in the market. We can push ahead with our growth plans for the new organisation with great confidence. GP Bullhound has been a great advisory partner and their global reach, software industry expertise and execution capabilities proved invaluable in delivering this transaction for us.”

Carl Wessberg, Executive Director at GP Bullhound, commented: “It has been a pleasure to work with Extenda. We are convinced that we have found a great partner for Extenda in STG Partners, and that the combination of Extenda and Visma Retail into Extenda Retail will form a compelling offering.”

This is GP Bullhound’s 16th transaction in 2018, and the firm’s 8th deal completed in the Nordics in the last 20 months including the recent sale of Solita to Apax Digital, the sale of The North Alliance to Norvestor, and the sale of Icomera to Engie Ineo, among others.

Enquiries
For enquiries please contact: Carl Wessberg, Executive Director, at carl.wessberg@gpbullhound.com, or Johannes Åkermark, Vice President, at johannes.akermark@gpbullhound.com.

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

Dealmakers in Technology

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GP Bullhound invests in big data platform Stratio

Gp Bullhound

GP Bullhound announces its investment in Stratio, a third generation big data platform, in a EUR13M Series B round led by Adara Ventures. The funds raised will go toward the continued evolution of the Stratio Big Data product suite while accelerating the growth of their software subscription business internationally.
Stratio CEO, Oscar Mendez, said: “Stratio’s growth in recent years has been on an exciting trajectory. We are delighted to continue to work with Adara Ventures and have built a fruitful relationship with GP Bullhound for the past few years. We look forward to working together with them on our international expansion and growth strategy.”

Joakim Dal, Partner at GP Bullhound, commented: “Stratio makes next generation technologies usable for IT heavy enterprises at a fraction of the cost of doing it themselves. We see significant opportunities for growth ahead for Stratio.”

Enquiries
For enquiries, please contact Joakim Dal, Partner at GP Bullhound, at joakim.dal@gpbullhound.com

About Stratio
Stratio is a leading Big Data and Artificial Intelligence software company, helping customers with their Digital Transformation by placing their data in the centre of their operations. From data intelligence to corporate culture, Stratio’s goal is to help the biggest sectors face the myriad of challenges and seize the opportunities that the digital revolution offers. The company has offices in Silicon Valley, Madrid, Sao Paolo, Bogota, and Vancouver. For more information please visit www.stratio.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

 

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Investment facilitates innovation furthering MariaDB as the leading enterprise open source database

Tesi

INVESTMENTS IN COMPANIES – 20.9.2018

MENLO PARK, Calif. and HELSINKI – September 20, 2018 – MariaDB® Corporation today announced that Pat Casey, SVP of Development and Operations at ServiceNow®, is joining its board of directors and ServiceNow Ventures is participating in MariaDB’s Series C funding round. Pat Casey joins executives from Intel and Alibaba who collectively bring a wide range of deep cloud experience to the enterprise open source database company. MariaDB products are used in ServiceNow’s cloud-based platform, running workflows for the world’s largest companies. To operate at scale, ServiceNow’s platform runs on up to 85,000 MariaDB databases that serve more than 25 billion queries per hour.

“MariaDB is an essential building block of ServiceNow’s cloud infrastructure,” said Michael Howard, CEO, MariaDB Corporation. “ServiceNow architected its platform from the ground up to deliver an exceptional customer experience and leverage open source to enable innovation. With Pat Casey on our board, we gain the guidance of a seasoned executive and the continued partnership of an innovator and cloud leader to ensure the success with our own MariaDB cloud solutions.”

“We are actively investing to make the Now Platform the most innovative for our customers to get work done,” said Pat Casey, SVP of Development and Operations, ServiceNow. “We are investing in MariaDB to lend our expertise in cloud automation and enable some of the world’s largest companies at scale. By collaborating on new features with MariaDB, we are changing database technology for the better.”

In addition to Pat Casey joining the board, ServiceNow is a collaborative development partner with MariaDB and recently worked to deliver real-time data definition language (DDL), available with MariaDB TX 3.0. The two companies are continuing to work on several database solutions including a distributed database strategy to address the needs of their largest customers.

Last year, MariaDB raised $54 million in funding from the European Investment Bank and an initial Series C funding round led by Alibaba, bringing the total raised to $98 million. MariaDB can be deployed on premises with commodity hardware, across any public, private or hybrid cloud topology and is available in any of the world’s major cloud providers. With MariaDB, users get the perfect database every time thanks to its purpose-built storage engines that simultaneously support multiple workloads with different characteristics – transactional, analytical, write-intensive or extreme scale.

MariaDB Acquires Clustrix Adding Distributed Database Technology

Clustrix technology will allow MariaDB to scale beyond traditional distributed solutions such as Oracle RAC to levels only achieved with NoSQL, without compromising core enterprise features. The acquisition helps advance the MariaDB Labs mission to tackle the most extreme challenges in the database field, specifically around distributed computing, machine learning, and next-generation chips, memory and storage environments.

“Today, the choices for a scale-out database option are limited – go with a traditional solution like Oracle with high cost and bloat or choose a NoSQL solution that has limited capabilities for data integrity,” said Michael Howard. “With Clustrix, MariaDB can provide a better solution for our customers that have challenging scale-out enterprise environments. Our distributed solution will satisfy the most extreme requirements of our largest customers and gives them the freedom to break from Oracle’s lock-in.”

Additional Resources
Watch ServiceNow’s keynote at M|18

Watch MariaDB’s CEO discuss MariaDB Labs at its annual user conference

Visit mariadb.com

Follow @mariadb on Twitter

Read MariaDB’s blog

MariaDB frees companies from the costs, constraints and complexity of proprietary databases, enabling them to reinvest in what matters most – rapidly developing innovative, customer-facing applications. MariaDB uses pluggable, purpose-built storage engines to support workloads that previously required a variety of specialized databases. With complexity and constraints eliminated, enterprises can now depend on a single complete database for all their needs, whether on commodity hardware or their cloud of choice. Deployed in minutes for transactional or analytical use cases, MariaDB delivers unmatched operational agility without sacrificing key enterprise features including real ACID compliance and full SQL. Trusted by organizations such as Deutsche Bank, DBS Bank, Nasdaq, Red Hat, The Home Depot, ServiceNow and Verizon – MariaDB meets the same core requirements as proprietary databases at a fraction of the cost. No wonder it’s the fastest growing open source database. Real business relies on MariaDB™.

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total €1.2 billion and we have altogether 700 companies in portfolio. www.tesi.fi/ @TesiFII / www.dtg.tesi.fi

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Drillinginfo Acquires Oildex Expanding Capability by Integrating Financial Automation Solutions

The combination of decision support with operations automation will create unmatched benefits for customers in multiple market segments


Austin, Texas (September 18, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, has acquired Oildex, the largest oil & gas financial automation software firm in North America. This combination will transform the way the industry connects, collaborates, and automates data exchange for financial transactions and field operations.

“By acquiring Oildex, we immediately expand our E&P and Oilfield Services base and reach across the energy value chain with Oildex’s full suite of financial automation solutions for automating invoicing, payments, field tickets, and data exchange. Oildex is a leader in managing relations between operators and their valued mineral rights owners, which enables us to accelerate our growth priority in the large mineral owner market. Our common core customer base and approaches to platforms in the cloud spark an immediate synergy,” said Jeff Hughes, CEO and President of Drillinginfo.

“Drillinginfo has a reputation for enabling energy companies to gain efficiencies and understand competitive positioning,” added Craig Charlton, CEO Oildex, an Accel-KKR portfolio company.  “They have evolved beyond just focusing on upstream activity to driving value creation for customers across multiple oil & gas market segments. Together we will be able to apply more of our problem-solving capabilities to help the oil & gas industry,” said Charlton.

The Oildex network excels at enabling seamless and secure collaboration across business partners, automating critical business processes, and eliminating the high cost and errors associated with handling paper. Drillinginfo’s vast store of current and historic industry data combined with built-in analytics will complement these capabilities in a way that no other combination could.

Additionally, solutions for oilfield services (OFS) are an area of rapid innovation and growth for both companies. Combining Drillinginfo’s powerful OFS mobile app with Oildex’s OpenTicket and the broader suite of Oildex’s field services management tools will provide an unmatched end-to-end SaaS platform for oilfield services. Drillinginfo will connect workflows from lead generation to job delivery and payment processing, reducing costs, improving resource utilization, and increasing productivity and transparency to make better business decisions. This incredible combination for oil & gas service providers is scalable and can serve the needs of customers ranging from small regional businesses all the way to global OFS companies.

Minerals represent a growth area for both companies’ solutions, which will only get stronger as a result of the combination. In today’s “cash is king” market environment, operators are increasingly outsourcing non-core services like owner relations, including check stub processing, call centers, and payments. This frees up precious resources and sharpens focus on their actual competitive advantage—drilling better wells.

“We aim to provide a decision support platform combined with financial automation that adds far more value than simple process efficiency within any one segment or function,” added Hughes. “The extensive and growing network of industry participants will create a multiplier effect of value for every business served. We couldn’t be more excited.”

Oildex is hosting its annual User Conference September 18–20 in Park City, Utah.

The Oildex team will join Drillinginfo and add their teams from downtown Denver, Houston, Calgary, Austin, and Tennessee, along with several remote location team members. This marks the first acquisition Drillinginfo has made after Genstar Capital purchased a majority stake in the company from Insight Venture Partners in July 2018.

About Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Our state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Our solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 3,500 companies globally from its Austin, Texas, headquarters and has approximately 675 employees. For more information visit drillinginfo.com.

About Oildex

Oildex, an Accel-KKR portfolio company, is transforming the way the oil and gas industry connects, collaborates and automates. More than 1,100 operators, 74,000 registered service providers, dozens of financial institutions and millions of mineral rights owners use the Oildex Network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions. Oildex is headquartered in Denver and has offices in Calgary; Houston; Austin; Fayetteville, Arkansas, and Tennessee. Learn more about Oildex at www.oildex.com.

###

MEDIA INQUIRIES:

Contact: Jon Haubert
303.396.5996

 

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ARDIAN GROWTH invests in software publisher IWD

Ardian

Paris, 17 September 2018 – Ardian, a world-leading private investment house, today announces its acquisition of a minority stake in IWD through a capital increase. This global technology company offers innovative 2D, 3D and virtual reality software through its various businesses and supports luxury brands in their retail and merchandising strategies as well as in their training programs.

Founded in Paris in 2000 by Gabriel Becker and Nicolas Martin, IWD controls the entire life of the product, from its creation to its enhancement at the point of sale. The firm enables brands to build, communicate and analyze their merchandising strategies. Having established itself as a leading player in the French market with a global reach, IWD stands out with a diversified portfolio of loyal customers made up by more than 300 brands. The company’s international expansion began in 2007, with the opening of its office in New York. It continued in 2017 with the opening of two more offices in Los Angeles and Singapore, allowing IWD to build closer relationships with its international clients. Today, the company has more than 50 employees worldwide.

Ardian is partnering with IWD to support the company’s organic growth and potential acquisitions. The initial focus will be on strengthening IWD’s offering and broadening its customer portfolio, particularly through expansion into new markets.

Nicolas Martin, co-founder of IWD, commented: “Thanks to its strong digital experience and excellent track record in France and internationally, Ardian Growth stood out as our preferred partner to support our development. We really look forward to collaborating with the Ardian team to continue our growth journey.”

Gabriel Becker, co-founder of IWD, added: “In order to accelerate our development and consolidate our leading market position, we have entered a new stage of growth, which will involve targeted acquisitions and expansion of our offer into more markets. For this new stage, Ardian is the natural partner thanks to its proven ability to provide expert support across international markets and expertise in areas relevant to our strategic challenges.”

Frédéric Quéru, Director at Ardian Growth, added: “The management of IWD has great expertise in digital and retail, which has allowed the company to become a leader in its market, as evidenced by its long-term relationships with major luxury brands such as Dior, Estée Lauder, Shiseido and L’Oréal. We look forward to working with IWD on its expansion strategy acquiring new customers and rolling out its offer to new markets.”

ABOUT IWD

Founded in 2000 by Gabriel Becker and Nicolas Martin, IWD is one of the leading merchandising software publishers that collaborates with more than three hundred leading brands such as L’Oreal, LVMH, VF Corp, Chanel, Nespresso and Shiseido.
The company, based in Paris, New York, Los Angeles and Singapore, has forged strategic partnerships with mostly international players.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 530 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Ardian on Twitter @Ardian

LIST OF PARTICIPANTS

IWD: Nicolas Martin, Gabriel Becker
Legal Advisor: Solferino (Bernard-Olivier Becker, Camille Chastagnier)

Ardian: Frédéric Quéru, Louise Gros
Legal, Fiscal and Social Advisor: Lamartine Avocats (Gary Lévy, Cindy Nlem, Raphaël Saulneron)
Financial Advisor: Next ! Financial Advisory (Hervé Krissi, Romain Bardou, Victor Reveret)

PRESS CONTACTS

ARDIAN
HEADLAND
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 482

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Bomgar Announces Acquisition of BeyondTrust to Expand Privileged Access Management Offerings

Franciso Partners

  • Combined entity will continue to be a leading cyber security company with the world’s most comprehensive privileged access management (PAM) portfolio.
  • Company will operate under the BeyondTrust name and be led by Matt Dircks, current CEO of Bomgar.

Atlanta, GA and Phoenix, AZ – Bomgar, a global leader in Privileged Access Management (PAM) solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions, and endpoints, while empowering users to be more efficient and effective. BeyondTrust offers the most extensible PAM platform that enables organizations to scale privileged security as threats evolve across endpoint, server, IoT, cloud, and network device environments. These combined solutions will result in the world’s most comprehensive PAM portfolio, currently used by more than 19,000 customers worldwide.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented, “We are extremely excited to build upon BeyondTrust’s Privileged Access Management leadership, and the significant benefits it will bring to our joint customers, partners, and people. Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.”

Earlier this year, Bomgar was acquired by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners’ Co-Founder and Chief Executive Officer Dipanjan “DJ” Deb commented, “Both Bomgar and BeyondTrust have a long history of driving innovation and efficiency, and delivering solutions, services, and support that customers love. We believe bringing Bomgar and BeyondTrust together will result in a winning combination and create a leader in the high-growth Privileged Access Management market.”

“The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams,” said Kevin Hickey, president and CEO, BeyondTrust. “I’m confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving Privileged Access Management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth.”

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice president and principal analyst, wrote, “The PIM (Privileged Identity Management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyberthreat and data breach prevention challenges.” The combination of BeyondTrust’s market-leading PAM platform with Bomgar’s advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organizations against threats related to the compromise and misuse of privileges.

“Privileged Access Management is one of the top priorities for today’s security leaders, and we see incredible opportunity with the combination of Bomgar’s and BeyondTrust’s technology and talent,” said Brian Decker, Partner and head of security investing at Francisco Partners. “The joint team is focused on developing integrated and usable products, building an even stronger channel, and continuing to deliver the highest levels of customer service and support.”

The combined company will be headquartered in Atlanta, GA. Terms of the transaction, which is expected to close in October, were not disclosed.

About Bomgar

Bomgar is a global leader in Privileged Access Management solutions that secure privileged credentials, sessions, and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organizations from constant and evolving threats. More than 16,000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world’s most admired and valuable brands. Bomgar is headquartered in Atlanta, GA, with offices across the Americas, EMEA, and Asia Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on FacebookTwitter and LinkedIn.

About BeyondTrust

BeyondTrust is a worldwide leader in Privilege-Centric Security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts, and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organizations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry’s broadest set of built-in capabilities with centralized management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers’ IT security investments.

With BeyondTrust, organizations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4,000 customers and a global partner network. Learn more at www.beyondtrusts.com.

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Bomgar Announces Acquisition of BeyondTrust to Expand Privileged Access Management Offerings

Franciso Partners

  • Combined entity will continue to be a leading cyber security company with the world’s most comprehensive privileged access management (PAM) portfolio.
  • Company will operate under the BeyondTrust name and be led by Matt Dircks, current CEO of Bomgar.

Atlanta, GA and Phoenix, AZ – Bomgar, a global leader in Privileged Access Management (PAM) solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions, and endpoints, while empowering users to be more efficient and effective. BeyondTrust offers the most extensible PAM platform that enables organizations to scale privileged security as threats evolve across endpoint, server, IoT, cloud, and network device environments. These combined solutions will result in the world’s most comprehensive PAM portfolio, currently used by more than 19,000 customers worldwide.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented, “We are extremely excited to build upon BeyondTrust’s Privileged Access Management leadership, and the significant benefits it will bring to our joint customers, partners, and people. Both organizations bring talented employees who are passionate about protecting organizations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats.”

Earlier this year, Bomgar was acquired by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners’ Co-Founder and Chief Executive Officer Dipanjan “DJ” Deb commented, “Both Bomgar and BeyondTrust have a long history of driving innovation and efficiency, and delivering solutions, services, and support that customers love. We believe bringing Bomgar and BeyondTrust together will result in a winning combination and create a leader in the high-growth Privileged Access Management market.”

“The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams,” said Kevin Hickey, president and CEO, BeyondTrust. “I’m confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving Privileged Access Management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth.”

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice president and principal analyst, wrote, “The PIM (Privileged Identity Management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyberthreat and data breach prevention challenges.” The combination of BeyondTrust’s market-leading PAM platform with Bomgar’s advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organizations against threats related to the compromise and misuse of privileges.

“Privileged Access Management is one of the top priorities for today’s security leaders, and we see incredible opportunity with the combination of Bomgar’s and BeyondTrust’s technology and talent,” said Brian Decker, Partner and head of security investing at Francisco Partners. “The joint team is focused on developing integrated and usable products, building an even stronger channel, and continuing to deliver the highest levels of customer service and support.”

The combined company will be headquartered in Atlanta, GA. Terms of the transaction, which is expected to close in October, were not disclosed.

About Bomgar

Bomgar is a global leader in Privileged Access Management solutions that secure privileged credentials, sessions, and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organizations from constant and evolving threats. More than 16,000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world’s most admired and valuable brands. Bomgar is headquartered in Atlanta, GA, with offices across the Americas, EMEA, and Asia Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on FacebookTwitter and LinkedIn.

About BeyondTrust

BeyondTrust is a worldwide leader in Privilege-Centric Security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts, and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organizations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry’s broadest set of built-in capabilities with centralized management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers’ IT security investments.

With BeyondTrust, organizations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4,000 customers and a global partner network. Learn more at www.beyondtrusts.com.

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