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New Deal


Announced

Completed

Insight Partners completed a $60m investment in Keeper Security.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

Acquisition

Minority

cybersecurity

Private

Completed

United States

Software

Friendly

Venture Capital

Synopsis

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Insight Partners, a global venture capital and private equity firm, completed a $60m investment in Keeper Security, a provider of a cybersecurity platform for preventing password-related data breaches and cyberthreats. "The past four months have resulted in history's most pervasive cybersecurity challenge. As businesses have shifted their operations online and people have adapted to remote work and social distancing, cybercriminals have executed their attacks at record rates. It's forcing a rapid transformation and growth in the cybersecurity industry – one that is essential to safeguard people and businesses. With the support of Insight Partners and the planned synergy, we're well-positioned to bring new, unique and increasingly critical cybersecurity solutions to new and existing customers, globally," Darren Guccione, Keeper Security CEO and Co-Founder.

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