Home / M&A Activity / Hugh Evans: Veritas Capital Eyes Cyber Market Growth Through BeyondTrust Purchase

Hugh Evans: Veritas Capital Eyes Cyber Market Growth Through BeyondTrust Purchase

acquisitionAn affiliate of Veritas Capital will purchase cybersecurity firm BeyondTrust from Insight Venture Partners for an undisclosed sum in a move to pursue growth with enterprise and government clients.

“We expect the cybersecurity market to benefit from increasing regulatory/compliance requirements, high-profile breaches and complexity of the IT environment, ” Hugh Evans, a partner at Veritas Capital, said Tuesday.

BeyondTrust President and CEO Kevin Hickey also highlighted his company’s focus on expanding to new markets as well as across existing ones.

BeyondTrust provides cybersecurity and risk management services to customers in the financial, government, aerospace and defense, technology, healthcare and other sectors.

Evercore advised the company on the financial aspect of the acquisition.

Check Also

Caddell-Nan JV to Build US Marine Quarters Under Potential $110M Contract

A joint venture between Caddell Construction and Hawaii-based Nan has won a potential $110.4M contract from the U.S. Navy to build bachelor-enlisted quarters at Naval Base Guam. The JV will design and construct a building complex with multiple floors on Joint Region Marianas site to house unaccompanied U.S. Marines, the Department of Defense said Wednesday.

Jacobs Secures Enfield Council Project to Provide Technical Design Services Under $7.75B Funding; Donald Morrison, Nesil Caliskan Quoted

Jacobs has been selected to provide technical design and planning advisory services to Enfield Council for the delivery of strategic infrastructure at Meridian Water, a $7.75 billion, 20-year regeneration program in Upper Edmonton, in the London Borough of Enfield, North London, the company announced on Wednesday.