Appgate to merge with Newtown Lane Marketing in a $100m deal.

Appgate, a cybersecurity company, is set to merge with Newtown Lane Marketing, a development stage company, in a $100m deal. BC Partners and Medina Capital will remain Appgate’s majority shareholders and control approximately 74.4% of Newtown’s common stock. “Appgate is displacing outdated, easily compromised, traditional network security, such as VPNs and firewalls, by using cutting-edge software designed around the principles of Zero Trust. Appgate is the partner of choice for forward thinking enterprises and federal customers who recognize the importance of adopting a Zero Trust strategy and preventing damaging attacks like ransomware," Barry Field, Appgate CEO.