Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
2. KKR
Company acquired: Optiv Security
Head count: 1,700 employees
Annual revenue: $947 million
Purchase price: Not disclosed
Date of announcement: Dec. 6
Security solution provider giant Optiv Security is changing private equity hands, with KKR purchasing a majority stake in the company from private equity firm Blackstone Group.
KKR will add Optiv to an $18 billion portfolio that includes information security companies such as Darktrace, Ping Identity and Cylance. While Blackstone will maintain a minority interest in Optiv, company CEO Dan Burns said becoming part of KKR will enable Denver-based Optiv, No. 25 on the 2016 CRN Solution Provider 500, to better help global customers address a full range of cyber-risk and security needs.
Optiv executed three acquisitions of its own in 2016.