This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Accuvant And Blackstone Complete Equity Transaction

Accuvant, the authoritative source for enterprise information security, today announced the completion of a previously announced transaction for funds controlled by Blackstone (NYSE: BX) to acquire a majority stake in the company. Blackstone will make significant further investment in Accuvant, which will enable the company to expand and accelerate its plans to meet the rapidly evolving information security needs of the global market.

“Accuvant has a vision to become the preeminent global provider of information security solutions,” said Dan Burns, Accuvant co-founder and chief executive officer. “Our partnership with Blackstone gives us the backing we need to realize that vision. I am extremely excited about this opportunity and about working with Blackstone to solve the biggest security problems facing global companies around the world.”

Accuvant has established itself as an industry leader through its unique business model. As the authoritative source for enterprise information security, the company provides a comprehensive set of services and solutions to help its clients plan, build and run successful security programs. Accuvant serves as a trusted advisor, allowing clients to better understand their threats, needs and options; as well as a strategic supplier, enabling clients to successfully execute on plans and strategies to protect themselves.

“Accuvant is the largest information security investment Blackstone has made to date,” said Dave Johnson, a senior managing director with Blackstone’s private equity business. “Accuvant has the right team, in-depth knowledge of the threats and the market, and a solid reputation for delivering industry-leading information security advice and services. We are very pleased to close this transaction and are looking forward to helping Accuvant offer new services, penetrate new markets and accelerate overall growth.”

Accuvant management and Sverica International LLC, a private equity investment firm, are maintaining equity interests in Accuvant. Holland & Hart LLP and William Blair served as advisors to Accuvant during the transaction. Simpson Thacher & Bartlett LLP and Blackstone Advisory Partners L.P. served as advisors to Blackstone. Cooley LLP served as legal advisors to Sverica International LLC.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs