Forcepoint, a leading provider of cybersecurity solutions that protects the critical data and networks of thousands of customers throughout the world, and Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses, announced today that Francisco Partners has signed a definitive agreement to acquire Forcepoint from Raytheon Technologies.
We have followed Forcepoint for years and have a deep appreciation for its outstanding portfolio of innovative security products, said Brian Decker, Partner at Francisco Partners. Security is an increasingly important strategic investment area for enterprises, creating significant opportunities for Forcepoint to continue to build upon its track record of success.
Executing divisional carve-outs has been a core focus of Francisco Partners since we founded the firm in 1999, added Andrew Kowal, Partner at Francisco Partners. We look forward to working with the Forcepoint management team to help the company realize its full potential as an independent company while delivering enhanced value to the companys customers, partners, and the end users its products protect.
Forcepoint offers a leading portfolio of cybersecurity solutions, helping enterprises worldwide monitor and protect networks, endpoints, data, and users. The companys behavior-based solutions adapt to risk in real-time and are delivered through a cloud-native security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Thousands of customers in more than 150 countries trust Forcepoint to safeguard their organizations while driving digital transformation and growth and providing secure access that enables employees to create value.
We are proud to have built an industry-leading portfolio of security products that protect our customers infrastructure, people, and data, said Matt Moynahan, CEO of Forcepoint. This transaction represents an exciting opportunity for Forcepoint to continue to innovate and drive growth with Francisco Partners. We believe that this partnership will help us to continue to invest in our products and organization while delivering increased value to our customers.
Evan Daar, Principal at Francisco Partners, added, Forcepoint has established a leadership position as a provider of cybersecurity solutions to customers around the world. We look forward to partnering with the Forcepoint team to further invest in the companys cloud security portfolio.
Debt financing for this transaction was provided by Credit Suisse. Paul Hastings LLP and Kirkland & Ellis acted as legal advisors to Francisco Partners. Barclays acted as exclusive financial advisor and Davis Polk & Wardwell LLP acted as legal advisor to Raytheon Technologies. The transaction is subject to customary regulatory review.
Forcepoint is the global cybersecurity leader for user and data protection. Forcepoints behavior-based solutions adapt to risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Based in Austin, Texas, Forcepoint creates safe, trusted environments for thousands of enterprise and government customers and their employees in more than 150 countries. For more information on Forcepoint, please visit www.forcepoint.com.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees* and four industry-leading businesses “ Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense “ the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts. *As of 4/3/20
About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit franciscopartners.com.
OpenSesame Partners With Harvard Business Publishing Corporate Learning to Increase Access to World-Class Leadership Experiences
OpenSesame, the elearning innovator, announced the addition of leadership development solutions from Harvard Business Publishing Corporate Learning to its comprehensive catalog of 20,000+ elearning courses, delivering high-impact digital learning content that drives business results.
We are delighted to welcome one of the best-known names in business education to the OpenSesame catalog, said Spencer Thornton, Senior Vice President of Curation at OpenSesame. As companies continue to pivot in response to todays challenging business environment, leaders are seeking new ideas and inspiration to keep their teams motivated and engaged. OpenSesames partnership with Harvard Business Publishing Corporate Learning enables our customers to put ideas from some of the worlds most successful businesses and thought leaders to work in their own organizations.
Harvard Business Publishing Corporate Learning, a wholly owned, not-for-profit subsidiary of Harvard University, turns the most important and provocative ideas influencing businessfueled by the latest thinking in Harvard Business School, Harvard Business Review and other world-renowned experts into impactful and actionable skill building and learning experiences that help build strong leaders across organizations. Companies using OpenSesame can now access Harvard ManageMentor through the OpenSesame catalog.
The last few months have upended business as we know it, and the future will continue to be an environment of continued uncertainty and complexity, said Ian Fanton, Senior Vice President and Head of Corporate Learning at Harvard Business Publishing. Leadership matters more than ever as we all work to keep our talent encouraged, productive, collaborating, learning, and leading themselves and others in our organizations. Todays leaders want engaging, actionable learning experiences that are relevant to their needs and can be completed on their own schedules. As part of the OpenSesame catalog, we can now deliver our flexible and adaptive learning experiences, fueled by the best ideas in business, on any learning management system (LMS), allowing us to reach more leaders around the world regardless of which technology platform they use.
OpenSesame helps develop the worlds most productive and admired workforces. With the most comprehensive catalog of elearning courses from the worlds top publishers, we are here to help you every step of the way, from finding courses, mapping them to your core competencies, syncing them with your LMS to increasing utilization and improving your L&D programs. Not only will you have the flexibility of multiple purchasing options from OpenSesame, youll find it simple to use and administer your elearning courses. To learn more, visit www.opensesame.com.
About Harvard Business Publishing Corporate Learning
With more than 25 years of success delivering dynamic learning experiences to the worlds biggest brands, Harvard Business Publishing Corporate Learning partners with Global 2000 companies to co-create leadership-development solutions that align with strategy and engage learners. The company combines unrivaled subject-matter expertise and scale with unmatched flexibility and contextualization to bring the right programs to the right learners in the most useful ways. From highly focused executive leadership programs to enterprise-wide engagements for thousands of global employees, each learning experience leverages the remarkable depth and breadth of Harvard Business School and Harvard Business Review resources, industry experts, technology-enabled and user-friendly solutions, and a creative, collaborative mind-set to help clients discover something new. The result is stronger companies better prepared to meet their challenges and thrive both today and in the future. Harvard Business Publishing is comprised of three market groupsHigher Education, Corporate Learning, and Harvard Business Review Groupand is an affiliate of Harvard Business School. To learn more, visit www.harvardbusiness.org.
Jessica Layfield, Customer Marketing and PR Manager
Harvard Business Publishing Corporate Learning
Daddi Brand Communications
O: 646-370-5187 | M: 203-520-6432
GoSecure Announces Closing of $35M Growth Investment Round
GoSecure, an established leader in the rapidly-growing Managed Detection and Response (MDR) market, today announced that it closed its Series E growth round at an oversubscribed $35M. W Investments Group, based in Montreal, led this second investment with guidance from Yaletown Partners, leaders of the initial Series E round in June 2020.
We are extremely honored to have W Investments Group complete this round of growth funding, said Neal Creighton, GoSecure CEO. Combined with Yaletown Partners, and our existing investors, GoSecure has an investor community extremely experienced at helping take high-growth companies to the next level.
Managed Detection and Response is one of the fastest-growing cybersecurity markets, with industry analysts projecting upwards of 50% of mid-market organizations will adopt MDR over the next five years. GoSecure MDR, based on their industry-leading detection and response platform, is transforming the way organizations protect themselves from the latest attacks, detecting and mitigating on average in less than 15 minutes.
GoSecure continues to add new customers at the highest rate in our history, continued Mr. Creighton. Based on the detection and response platform weve built, customers see the value of GoSecure MDR immediately and rest comfortably knowing they are protected by the best people, processes, and technology in the market. W Investments Group brings a wealth of experience that will be vital in helping GoSecure increase the awareness and adoption of our market-leading approach to Managed Detection and Response.
We always invest in people first. GoSecure is no exception. We were pleased by the quality and the depth of their management team. The company is at an inflection point; with state-of-the-art technology in hand and the right partnerships in place, they are ready to go to market at full speed, said Maxime St-Laurent, Co-Founder and Managing Partner at W Investments Group. The team at GoSecure has been making the right decisions and positioning themselves for sustained growth in the years ahead. We are excited to be part of the adventure and will support the team in any way we can.
Since launching as CounterTack in 2012, GoSecure has developed its unique behavior-based, predictive detection and response platform, acquired several companies, and emerged as a leader in the fast-growing Managed Detection and Response market. GoSecure is now at 200 employees with country headquarters in Montreal, Quebec, and San Diego, California. Growth that was already accelerating prior to the COVID-19 pandemic, continues as organizations adapt to an increasingly mobile workforce.
National Bank Financial Inc. acted as a placement agent in assisting GoSecure in securing this financing.
GoSecure is recognized as a leader and innovator in cybersecurity solutions. The company is the first and only to integrate endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure detection and response platform delivers predictive multi-vector detection, prevention, and response by applying a unique combination of behavioral analysis, memory forensics, machine learning, and reputational techniques to counter the most advanced threats. Aggressive SLAs drive our MDR Services for rapid response and active mitigation services that directly touch the customers network and endpoints. Together, these capabilities provide the most effective response to the increased sophistication of continuously evolving malware and malicious insiders that target people, processes, and systems. With a focus on innovation, quality, integrity, and respect, GoSecure has become the trusted provider of cybersecurity products and services to organizations of all sizes across all industries globally.
About W Investments Group
W Investments Group L.P. is a private investment company formed and operated by successful investors with strong experience as entrepreneurs, operators, and managers of private and public companies. W Investments Group holds investments in private companies, real estate, and other alternative asset classes. www.winvestments.group
Alliance Strengthens West Coast Presence with Acquisition of Almega Environmental
Align Capital Partners (ACP) environmental services platform Alliance Holdings, LLC (Alliance or the Company) has acquired Almega Environmental (Almega). Almega provides source emissions testing (or stack testing) services including ambient air testing, on-site analysis and EPA compliance to the manufacturing, metals and renewable energy industries, among others.
Located in Cypress, California, Almega is a natural strategic fit for Alliance as the Company strengthens its presence in the Western United States. Almega is excited to partner with Alliance as the Companys first stack testing office in California, said Almega President John Phillips. We will continue to serve our clients in meeting their HSE (Health Safety and Environment) requirements as part of the Alliance brand moving forward. Phillips joins the Company as a Regional Business Development Manager focused on customer sales.
Chris LeMay, CEO of Alliance said, Alliance has been eager to find the right stack testing partner to expand in California and we found that with Almega. In partnership with John and the talented Almega personnel, we look forward to serving existing and new customers with our best-in-class systems and processes.
With a national footprint of 18 offices across 11 states, Alliance has the technical expertise to serve a diverse range of end markets. Almega is Alliances seventh add-on acquisition since 2015 and fourth in 2020. The Company will continue to evaluate additional acquisition targets for its growing platform.
With the addition of Almega in California, Alliance is now truly a national platform with offices from Alabama to Texas to California to Alaska to Pennsylvania and many states in between, said ACP Managing Partner Rob Langley. We are thrilled to continue to support the Alliance team as they build the Company to be the leading provider of environmental compliance services focused primarily on air emissions testing in the United States.
Operating Partner Dave Perotti, Principal Jack Parks, Senior Associate Corey Roe and Associate Chris Collins worked alongside Mr. Langley on the transaction.
About Alliance Holdings, LLC
Headquartered in Decatur, AL, Alliance is the leading provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is uniquely qualified to provide customers with the highest quality testing solutions available to meet air compliance and risk reduction goals. For more information, please visit stacktest.com or alliance-em.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firms investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing / distribution and healthcare sectors. For more information, visit aligncp.com.
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