NEWS AND EVENTS
BC Partners, Medina Capital Announce Definitive Agreement To Acquire Cryptzone
November 4, 2016
Transaction part of a multi-billion dollar joint venture to create leader in secure infrastructure services
Waltham, MA – November 4, 2016 – Leading private equity firms BC Partners and Medina Capital today announced an agreement to acquire Cryptzone Inc., a privately-held cybersecurity company based in Waltham, Mass., as part of a new joint venture to create a global secure infrastructure company. The joint venture combines a global portfolio of 57 data centers and associated colocation business to be acquired from CenturyLink, along with the acquisition of Medina Capital’s security, compliance and data analytics portfolio.
The new company will be an immediate leader in the global colocation market, with more than 3,500 customers and 2.6 million square feet of raised floor capacity, and will be exceptionally well-positioned within some of the fastest-growing segments of the information security market, which is estimated by Gartner to grow to $113.4 billion by 2020 [Gartner G00317994, Forecast Analysis: Information Security, Worldwide, 2Q16 Update, Oct. 21, 2016].
Cryptzone reduces the enterprise attack surface by 99% with its secure network access solutions. Using a distributed, scalable and highly available Software-Defined Perimeter (SDP) model, Cryptzone protects applications and content from internal and external threats, while significantly lowering costs.
“As organizations increasingly adopt hybrid infrastructure models, securing enterprise content and applications has never been more challenging, or more important,” said Barry Field, CEO of Cryptzone. “This new venture combines our leadership in dynamic network security and the software-defined perimeter, combined with the security and analytics capabilities of our portfolio colleagues and a global footprint of world-class data centers will allow us to meet these challenges for enterprises, government agencies and service providers with an enhanced portfolio and global reach.”
Further details on the joint venture can be found here. The transaction is expected to close in first quarter 2017, pending regulatory approvals and customary closing conditions. Branding for the new company will be announced at a later date.
Cryptzone reduces the enterprise attack surface by 99% with its secure network access solutions. Using a distributed, scalable and highly available Software-Defined Perimeter model, Cryptzone protects applications and content from internal and external threats while significantly lowering costs. In cloud environments including AWS and Azure, Cryptzone provides user access control, increases operational agility and improves the ability to meet regulatory and compliance standards. More than 450 companies rely on Cryptzone to secure their networks and data. For more information visit www.cryptzone.com.
Jessica Ann Morris
ZAG Communications for Cryptzone