Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cybersecurity
    • Cybersecurity

    Medina Capital, BC Partners Form Security Joint Venture

    By
    Sean Michael Kerner
    -
    November 7, 2016
    Share
    Facebook
    Twitter
    Linkedin
      security firms

      A new security conglomerate is taking shape as private equity firms Medina Capital and BC Partners announced on Nov. 4 the acquisition of security firms Cryptzone, Catbird, Easy Solutions and Brainspace. Medina Capital and BC Partners are also acquiring the colocation and data center business from CenturyLink in a related deal, valued at $2.3 billion.

      The funds from the sale of its colocation and data center assets will help CenturyLink finance its $34 billion acquisition of Level 3 that was announced on Oct. 31. Medina Capital and BC Partners will pick up 57 global data centers from CenturyLink as part of the transaction, which is expected to close in the first quarter 2017, providing 2.6 million square feet of capacity and more than 3,500 customers.

      “The CenturyLink assets and the four companies will now all be under the umbrella of a new company,” Barry Field, partner at Medina Capital, told eWEEK.

      Branding for the new joint venture company will be announced at a future date, Field added. The four cyber-security vendors were all previously part of Medina Capital’s investment portfolio and are now being acquired as part of the new BC Partners/Medina Capital joint venture. While the acquisition price for the CenturyLink assets has been made public, the price for the security vendors is not being publicly disclosed.

      The four security vendors offer different capabilities, though there is some alignment around the idea of enabling a software-defined perimeter. Cryptzone provides user access control technology in an effort to help reduce the attack surface of an organization. The company updated its AppGate Software-Defined Perimeter (SDP) platform on Oct. 31, enhancing the user onboarding process as well as providing high-availability capabilities.

      Catbird bills itself as a software-defined security vendor for virtual infrastructure and helps to enable what it refers to as software-defined segmentation and security for hybrid IT infrastructures.

      Easy Solutions—a digital fraud protection vendor—fits into a different segment of the security market. In August, Easy Solutions announced the initial public beta of its Swordphish predictive phishing and malware risk assessment technology.

      The fourth vendor, Brainspace, is also positioned in a different segment of the security market, providing its users with machine learning and analytics technology that helps in security investigations.

      “The acquired companies will come together as a single global business built to provide secure infrastructure services,” Field said.

      While the joint venture is an effort to bring the four cyber-security vendors together, Field noted that the vendors’ individual products and services will continue to be available separately.

      “The focus of this acquisition is the growth opportunity to build a secure infrastructure company,” he said. “While there are clear synergies, we expect to expand our worldwide operations as we grow the business.”

      Overall, the combination of the four security vendors with the CenturyLink data center assets is about recognizing the needs of current market dynamics. Field noted that organizations are increasingly leveraging the cloud within a hybrid model, with applications and data running on dedicated infrastructure, private clouds and public clouds.

      “The combination of a global footprint of world-class data centers and our security and analytics capabilities will allow us to provide a uniquely secured, connected platform to span these architectures, helping enterprises, government agencies and service providers connect and protect their infrastructure and applications,” he said.

      Sean Michael Kerner is a senior editor at eWEEK and InternetNews.com. Follow him on Twitter @TechJournalist.

      Avatar
      Sean Michael Kerner
      Sean Michael Kerner is an Internet consultant, strategist, and contributor to several leading IT business web sites.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×