Announced
Financials
Sources
Tags
Natural
Acquisition
United States
information security
Private
IT Services: Other
Completed
Private Equity
Single Bidder
Synopsis
KKR, a leading global investment firm, has completed its acquisition of Optiv Security, a market-leading provider of end-to-end cyber security solutions from a group of private investors, including a private equity fund managed by Blackstone. Financial terms were not disclosed. "Cyber security has been a growing focus and pain point for companies over the last decade, and is now one of the highest priorities for global enterprises. We have been following the cyber security sector very closely over the past several years and believe Optiv represents an attractive investment opportunity given its market leadership as a critical partner and advisor to the Global 1000. For KKR, this investment is premised on partnering with an awesome management team to build Optiv into a global security powerhouse by accelerating investment in Optiv's product and service capabilities and expanding its presence across the U.S. and internationally." Herald Chen, co-head of KKR's Technology, Media & Telecom investment team.
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