Blackstone adds information security technology company Accuvant to portfolio

0
11

software binary code computerPrivate equity major Blackstone has agreed to acquire information security software and hardware provider Accuvant.

Blackstone said that Accuvant’s management and existing shareholder Sverica International will invest alongside the firm.

The firm noted that the increased prevalence and complexity of cyber-attacks has made information security a board-level issue at many corporations worldwide.

Blackstone senior managing director Dave Johnson 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.”

Earlier this month it was reported that Blackstone and peer Apollo were interested in the “bad bank” unit of Italy’sBanco Popolare.

Copyright © 2014 AltAssets