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Announced

Completed

Silversmith Capital Partners and Health Velocity Capital completed the acquisition of a majority stake in Fortified Health Security from Cerner.

Financials

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Consideration TypeCash
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Completed

Private

Friendly

Software

Private Equity

Acquisition

Majority

security software

United States

Venture Capital

cyber security

Domestic

Synopsis

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Silversmith Capital Partners, a growth equity investment firm, and Health Velocity Capital, a venture capital firm, completed the acquisition of a majority stake in Fortified Health Security, a developer of cyber privacy and security software, with participation from Nordic Consulting. Financial terms were not disclosed. "When we started Fortified, our goal was to help clients build a stronger cybersecurity program that would enable them to reduce risk and provide safe patient care. We've been fortunate to be rewarded with growth beyond what we initially imagined. We have known Health Velocity and Silversmith for years, and we are already jointly serving clients with Nordic. All of them bring deep expertise in healthcare and technology, making them the right partners for our next phase of growth," Dan L. Dodson, Fortified CEO.

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