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Accuvant and FishNet Security Join Forces

GRC Announcements | November 10, 2014

Accuvant and FishNet Security, both providers of information-security services and solutions, signed a definitive agreement last week to join forces. This move brings together the two organizations, creating a new provider with a broader suite of services, solutions, expertise, and expanded reach to meet customers’ complex and rapidly expanding global information security needs.

Specifically, the new, combined company will bring together more than 1,400 total employees; more than 650 consultants and engineers, delivering a full suite of information-security risk and compliance consulting, as well as managed security services and product services; and 60 offices, training, and security-operation locations across the United States and Canada.

The coming together of Accuvant and FishNet Security will offer:

  • A broader suite of services: Expanded insights, resources, supplier relationships, and scale to better service customers faced with the increasing velocity and severity of malicious cyber security attacks;
  • Smarter solutions: Combined and focused research and development investments to bring more effective and efficient solutions to customers;
  • More expertise: A deeper bench of information-security professionals with diverse strategic and technical expertise; and
  • Expanded reach: Extended geographic footprints in the United States, enabling the new, combined company to provide enhanced services and support to its North American customers.

Upon the closing of the transaction, Accuvant Chief Executive Officer Dan Burns will become the CEO of the new, combined company. Once the transaction has closed, FishNet Security CEO Rich Fennessy will remain onboard as an advisor to assist in the integration effort. The combined company’s name, marketing brand and corporate headquarters location are expected to be determined during the integration process.

Blackstone private equity funds will maintain majority ownership in the combined company. Financial terms of the transaction are not being disclosed. However, current investors of both organizations, including existing management, the private equity firm Sverica International and FishNet Security’s corporate owner, Investcorp, are maintaining minority equity interests in the new, combined company. The transaction is expected to close in the first quarter of 2015 pending relevant regulatory approvals.