.
MergerLinks Header Logo

New Deal


Announced

Completed

Third Point Ventures led a $30m Series B round in Banyan Security.

Financials

Edit Data
Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Cross Border

Friendly

Completed

Private

IT Services: Other

Acquisition

Private Equity

Venture Capital

United States

secure remote access

Minority

zero trust network access platform

network security

Synopsis

Edit

Third Point Ventures, a venture capital firm, led a $30m Series B round in Banyan Security, a provider of zero trust network access solutions. “As an investor across the IT landscape, I’ve looked at several of the up-and-coming remote access vendors who promote ‘zero trust’ and I’m thrilled to partner with Banyan Security, a true market disruptor and innovator. Banyan understands that zero trust is a strategy first and functionality second that, when used properly, serve broader ‘work from anywhere’ business goals. Among Banyan Security’s impressive roster of customers, you’ll find several household names and Fortune 500 organizations, which speaks to their ability to meet the demands of the largest and most demanding enterprise businesses. However, a big part of Banyan’s appeal is the elegance of their incremental ‘deploy-as-you-go’ model which leverages and extends existing security tooling to meet today’s demanding security requirements, and ultimately provides end users with a great experience,” Curtis McKee, Third Point Ventures Partner.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US