M&A Deal Summary

Fortra Acquires Alert Logic

On March 9, 2022, Fortra acquired information technology company Alert Logic from Welsh Carson Anderson & Stowe

Acquisition Highlights
  • This is Fortra’s 8th transaction in the Information Technology sector.
  • This is Fortra’s 18th transaction in the United States.
  • This is Fortra’s 3rd transaction in Texas.

M&A Deal Summary

Date 2022-03-09
Target Alert Logic
Sector Information Technology
Buyer(s) Fortra
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Advisor(s) Guggenheim Securities (Financial)
Kirkland & Ellis (Legal)

Target

Alert Logic

Houston, Texas, United States
Alert Logic is a provider of network, system, and application SaaS solutions for customers of hosting and cloud service providers. Alert Logic was founded in 2002 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Fortra

Eden Prairie, Minnesota, United States

Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 23 of 25
Sector (Information Technology) 8 of 10
Type (Add-on Acquisition) 18 of 20
State (Texas) 3 of 3
Country (United States) 18 of 18
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Tripwire

Portland, Oregon, United States

Tripwire provides automated compliance and security management software solutions to enterprises and governments worldwide. The company’s solutions enable customers to secure highly sensitive data within their IT environments by detecting malicious changes made to hardware and software systems housing the data and remediating the change to ensure IT compliance is maintained. Tripwire is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 Terranova Security

Laval, Quebec, Canada

Terranova Security is a global security awareness training partner using a proven pedagogical framework. The company's training solutions empower organizations worldwide to implement programs that change user behaviors, reduce the human risk factor, and counter cyber threats effectively. As a result, any employee can better understand phishing, social engineering, data privacy, compliance, and other critical best practices. With the addition of new features like its Content Center and Cyber Hero Score, Terranova Security consistently innovates to support all organizations' cyber security objectives. Terranova Security is based in Laval, Quebec.

Buy -

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 72 of 75
Sector (Information Technology) 12 of 12
Type (Add-on Acquisition) 43 of 44
State (Texas) 6 of 6
Country (United States) 69 of 72
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 LIBERTY Dental Plan

Irvine, California, United States

LIBERTY Dental Plan is a dental benefits administrator currently administers dental benefits in all 50 states, including on behalf of 5.8 million Medicaid, Medicare Advantage, commercial, and exchange members. LIBERTY Dental Plan was founded in 2001 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Green Street

Newport Beach, California, United States

Green Street is an independent research, analytics, trading, and consulting firm to the commercial real estate market in North American and Europe. Green Street was founded in 1985 and is based in Newport Beach, California.

Sell -