M&A Deal Summary

Fortra Acquires Digital Guardian

On October 27, 2021, Fortra acquired internet software and services company Digital Guardian from LLR Partners

Acquisition Highlights
  • This is Fortra’s 1st transaction in the Internet Software and Services sector.
  • This is Fortra’s 16th transaction in the United States.
  • This is Fortra’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-27
Target Digital Guardian
Sector Internet Software and Services
Buyer(s) Fortra
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Advisor(s) Macquarie (Financial)

Target

Digital Guardian

Waltham, Massachusetts, United States
Digital Guardian is a SaaS provider of data loss prevention (DLP) solutions for large and mid-sized organizations. Digital Guardian’s solutions give customers visibility and protection of their data across many operating systems and applications. The company also provides a popular managed service that operates as an extension of their customers’ security teams to protect sensitive data from threats originating inside and outside the organization. Digital Guardian was founded in 2003 and is based in Waltham, Massachusetts.

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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 21 of 25
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 17 of 20
State (Massachusetts) 1 of 1
Country (United States) 16 of 18
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 PhishLabs

Charleston, South Carolina, United States

PhishLabs is a provider of 24/7 managed security services that protect against phishing attacks. PhishLabs delivers curated threat intelligence and complete threat mitigation across the digital risk landscape. PhishLabs was founded in 2008 and is based in Charleston, South Carolina.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 61 of 76
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 38 of 47
State (Massachusetts) 4 of 4
Country (United States) 60 of 75
Year (2021) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 PhishLabs

Charleston, South Carolina, United States

PhishLabs is a provider of 24/7 managed security services that protect against phishing attacks. PhishLabs delivers curated threat intelligence and complete threat mitigation across the digital risk landscape. PhishLabs was founded in 2008 and is based in Charleston, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 CoreDial

Blue Bell, Pennsylvania, United States

CoreDial is a provider of cloud software and services enable companies to quickly and cost effectively sell, deliver, manage, and invoice for high quality, private labeled cloud communication services including hosted PBX solutions, VoIP, SIP Trunking, and Unified Communications. CoreDial was founded in 2005 and is based in Blue Bell, Pennsylvania.

Sell -