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Announced

Completed

CloudWave completed the acquisition of Sensato Cybersecurity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

software development

Domestic

cybersecurity

Acquisition

software hosting

Majority

United States

Completed

Friendly

Software

Private

Synopsis

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CloudWave, a provider of healthcare data security, completed the acquisition of Sensato Cybersecurity, a managed cybersecurity services company focused on protecting healthcare providers from ransomware events and other cybersecurity threats. Financial terms were not disclosed. "As a managed cloud service provider to hundreds of hospitals, CloudWave has witnessed how devastating a cyber event can be to healthcare organizations. Unfortunately, the frequency of these attacks continues to rise—an increasing number of customers have called upon CloudWave for rapid response services to help halt and remediate cyberattacks on their on-premises systems in just the last two years. With the addition of the innovative, proprietary technologies included in the Sensato Cybersecurity suite, along with the cyber expertise of the Sensato team, CloudWave will be able to offer customers the high-level cybersecurity we provide for our cloud-based delivery to on-premises systems," Erik Littlejohn, CloudWave President and CEO.

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