Companies Joining Together to Create the Nation’s Premier Cyber Security Solutions Provider

Denver, Colo. and Overland Park, Kan. – Accuvant and FishNet Security today announced the closing of a previously announced transaction to join the two companies together. The combination is creating the nation’s premier cyber security solutions provider – one that will deliver the most complete set of information security and risk products and services to help enterprises combat the growing cyber threat.

The combined company will launch its new name and marketing brand in the second half of 2015. In the interim, as Accuvant and FishNet Security work to integrate their operations, the two companies will continue to operate under existing names and brands.

“The close of our transformational merger will enable us to create a new force in the industry – a true change agent in the world of information security,” said Dan Burns, chief executive officer of the new company. “Our combined organization will offer a comprehensive suite of end-to-end services and solutions ranging from strategy to tactical and everything in between, enabling organizations to rely on one trusted source for all their information security needs. We will work to deliver benefits to our customers and partners, enhance the career opportunities for our employees, and create value for our shareholders.”

Burns continued, “Together, Accuvant and FishNet Security will be able to do so much more for the world than either company could have done alone. We look forward to leading the industry to find better answers, and to helping security leaders, their teams, boards and customers more successfully achieve peace of mind.”

In 2014, Accuvant and FishNet Security had combined total revenue of approximately $1.5 billion. Collectively, the two companies have approximately 1,400 employees, have served more than 10,000 customers of various sizes across multiple industries, offer an extensive geographic footprint with 60 office locations across the U.S. and Canada, and have premium partnerships with all the leading security product manufacturers.

“After months of planning, we are excited to realize our shared vision of creating the nation’s premier cyber security solutions provider,” said Mark Williams, president and chief operating officer of the combined company. “I am excited to work with our new leadership team, and committed to the successful execution of our integration and our long-term strategy.”

Executive Team

The new, combined company has a highly experienced management team comprised of executives from Accuvant and FishNet Security.

  • Dan Burns, chief executive officer
  • Mark Williams, president and chief operating officer
  • David Roshak, chief financial officer
  • Tim Hoffman, executive vice president of worldwide sales
  • Aaron Shilts, executive vice president of worldwide services
  • Dan Wilson, executive vice president of partner strategy
  • Jason Clark, chief information security officer
  • Steve Perkins, chief marketing officer

Ownership

A private equity fund managed by Blackstone is maintaining a majority ownership while Sverica International, Investcorp, and management of the new, combined company are all maintaining minority interests.

Simpson Thacher & Bartlett LLP, Blackstone Advisory Partners L.P. and Goldman Sachs served as advisors to Blackstone on the transaction. Gibson, Dunn & Crutcher LLP served as legal advisors to Investcorp, FishNet Security’s prior corporate owner. Holland & Hart LLP served as company counsel to Accuvant on the transaction and Polsinelli served as company counsel to FishNet Security.

About Accuvant       
Accuvant, a Blackstone (NYSE: BX) portfolio company, is a leading provider of information security services and solutions serving enterprise-class organizations across North America. The company offers a full suite of service capabilities to help businesses, governments and educational institutions define their security strategies, identify and remediate threats and risks, select and deploy the right technology, and achieve operational readiness to protect their organizations from malicious attack. Founded in 2002, Accuvant has been named to the Inc. 500|5000 list of fastest growing companies for the last eight consecutive years. The company is headquartered in Denver, Colo., with offices across the United States and Canada. Further information is available at www.accuvant.com, or connect with Accuvant on Twitter, Facebook and LinkedIn.

About FishNet Security

FishNet Security is a leading provider of information security solutions, combining technology, services, support and training. Since 1996, the company has repeatedly been recognized for its rapid growth, high customer satisfaction and continuous business innovation. Today, FishNet Security has 29 regional offices, including nine training facilities, two product testing laboratories and two security operations centers that monitor and support customer networks. For more information, visit FishNet Security’s website at www.fishnetsecurity.com or connect with FishNet Security on Twitter, Facebook and LinkedIn.

About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with almost $300 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.