BusinessBlackstone to acquire Accuvant, an enterprise information security specialist

Denver, Colorado-based Accuvant, a specialist in enterprise information security, the other day announced that it has reached a definitive agreement under which Blackstone will acquire a majority stake in Accuvant as part of their private equity portfolio. Accuvant management and existing shareholder Sverica International LLC, a private equity investment firm, will invest alongside Blackstone in the transaction. Financial terms of the transaction are not being disclosed.

“Security has transcended everyone and everything — from people to companies to nations,” said Dan Burns, Accuvant co-founder and chief executive officer. “Accuvant has already helped thousands of organizations protect themselves and their customers. But, there’s so much more we can do. This new investment by Blackstone will enable us to accelerate our pace of innovation and expansion, and allow us to deliver new services and solutions that meet the constantly evolving needs of the global market.”

Accuvant provides a comprehensive set of solutions and services to help its clients plan, build, and run security programs. Accuvant says it helps its clients understand their threats, needs, and options, as well as strategic supplier, enabling clients to execute on plans and strategies to protect themselves.

Dave Johnson, senior managing director in Blackstone’s Private Equity Group, said, “With this investment, we are excited to build upon Blackstone’s growing information security expertise as the sector becomes increasingly relevant across industries. Our investment will provide Accuvant’s experienced team with necessary resources as it continues to establish a reputation for excellence in the information risk and security space.”

The transaction is expected to close in April pending relevant regulatory approvals.