M&A Deal Summary

Fortra Acquires PhishLabs

On October 19, 2021, Fortra acquired information technology company PhishLabs from LLR Partners

Acquisition Highlights
  • This is Fortra’s 7th transaction in the Information Technology sector.
  • This is Fortra’s 15th transaction in the United States.
  • This is Fortra’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-10-19
Target PhishLabs
Sector Information Technology
Buyer(s) Fortra
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

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.

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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 20 of 25
Sector (Information Technology) 7 of 10
Type (Add-on Acquisition) 16 of 20
State (South Carolina) 1 of 1
Country (United States) 15 of 18
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Agari

Foster City, California, United States

Agari is an Email Identity Company, protecting brands and people from devastating phishing and socially engineered attacks. Using applied data science and a diverse set of signals, Agari protects the workforce from inbound business email compromise, supply chain fraud, spear phishing, and account takeover-based attacks, reducing business risk and restoring trust to the inbox. Agari was founded in 2009 and is based in Foster City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 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.

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 60 of 76
Sector (Information Technology) 12 of 16
Type (Add-on Acquisition) 37 of 47
State (South Carolina) 1 of 1
Country (United States) 59 of 75
Year (2021) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Genesee Scientific

El Cajon, California, United States

Genesee Scientific is a manufacturer and distributor of products to global life science research markets. With thousands of products available, its markets include pharmaceutical and biotechnology companies, colleges, universities, and secondary education institutions, medical research institutions, hospitals, and reference labs and quality control, process control, and research and development laboratories. Genesee Scientific was founded in 1995 and is based in El Cajon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 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.

Sell -
Mergr

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