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Denver, Colorado, August 18, 2008 - Accuvant Inc., a leading provider of information security and compliance management solutions to enterprise clients, announced that Sverica International LLC, a private equity firm with offices in San Francisco and Boston, has made a major investment in the corporation. Financial terms of the transaction were not disclosed.
Accuvant's first capital transaction since its inception in 2002 will enable the organization to continue its rapid growth and pursue new strategic opportunities. As a privately-held provider of information security services and technologies, Accuvant helps large organizations protect their sensitive enterprise data with innovative consulting services and best of class technologies. To date, Accuvant has helped more than 2,000 customers-including over 25% of the Fortune 100-address their information security challenges.
Sverica International is a private equity firm that invests in and actively helps build companies that are proven leaders in their respective industries. Sverica's involvement will help Accuvant become the dominant provider of information security solutions in North America.
For Accuvant, the Sverica investment marks an important milestone in the Company's evolution. "This transaction with Sverica is an impetus for us to continue our substantial growth, as their involvement strengthens our board and increases the strategic resources available to the management team," stated Scott Walker, Vice President of Operations for Accuvant. "Sverica's investment will help us accelerate our plans for expansion and increase our strategic value to customers."
Frank Young, Managing Director with Sverica International, commented on the recently completed acquisition, "Accuvant is clearly a market leader in their field - the talent base, commitment to the market, and ability to deliver innovative solutions are just a few attributes of their successful track record. We are thrilled to have the opportunity to partner with this team and are committed to working with them to evolve Accuvant's comprehensive security offerings to ensure continued growth."
Accuvant is the nation's premier information security and compliance management consulting firm. Accuvant security advisors use industry expertise and proven methodologies to help large enterprises assess their environments, improve their compliance postures, and secure their infrastructures. Headquartered in Denver, Accuvant has 21 offices across the United States. For more information on Accuvant, please visit www.accuvant.com.
Sverica International is a private equity firm that acquires, invests in and actively operates and builds companies that are or could become leaders in their industries. Since 1993, Sverica has maintained the unique operating philosophy of taking an active management role in its portfolio companies, delivering top quality products and services, creating fun places to work, and generating superior investor returns. For more information on Sverica, please visit www.sverica.com.