M&A Deal Summary

Human Security Acquires PerimeterX

On July 27, 2022, Human Security acquired internet software and services company PerimeterX from Adams Street Partners

Acquisition Highlights
  • This is Human Security’s 1st transaction in the Internet Software and Services sector.
  • This is Human Security’s 1st transaction in the United States.
  • This is Human Security’s 1st transaction in California.

M&A Deal Summary

Date 2022-07-27
Target PerimeterX
Sector Internet Software and Services
Buyer(s) Human Security
Sellers(s) Adams Street Partners
Deal Type Merger
Advisor(s) JMP Securities (Financial)
Fenwick & West (Legal)

Target

PerimeterX

San Mateo, California, United States
PerimeterX is a web security platform that provide solutions that detect and stop the abuse of identity and account information on the web. Its cloud-native solutions detect risks to your web applications and proactively manage them, freeing you to focus on growth and innovation. PerimeterX was founded in 2014 and is based in San Mateo, California.

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Buyer(S) 1

Buyer

Human Security

New York City, New York, United States

Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

Human Security is a cybersecurity company that protects enterprises from bot attacks to keep digital experiences human. Human Security have advanced Human Verification Engine that protects applications, APIs and digital media from bot attacks, preventing losses and improving the digital experience for real humans. Human Security was founded in 2012 and is headquartered in New York City, New York.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 91 of 98
Sector (Internet Software and Services) 16 of 17
Type (Merger) 1 of 1
State (California) 40 of 44
Country (United States) 84 of 90
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Peerless Network

Chicago, Illinois, United States

Peerless Network provides agile, cost-effective, and simple-to-deploy voice services, including unified communications-as-a-service, session initiation protocols (SIP) trunking, messaging, APIs and Microsoft Teams integration. Peerless Network was founded in 2008 and is based in Chicago, Illinois.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Lever

San Francisco, California, United States

Lever is a recruiting software that supports the hiring needs of over 1,300 leading companies around the globe including the teams at Netflix, Lyft, Hot Topic, and Owens-Illinois. Lever is designed with integrated ATS and CRM functionality, and features a modern interface that helps employers develop stronger candidate relationships in fewer clicks. Lever was founded in 2012 and is based in San Francisco, California.

Sell -