M&A Deal Summary

McAfee Acquires NitroSecurity

On November 30, 2011, McAfee acquired information technology company NitroSecurity from First Analysis and NewSpring Capital

Acquisition Highlights
  • This is McAfee’s 1st transaction in the Information Technology sector.
  • This is McAfee’s 4th transaction in the United States.
  • This is McAfee’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2011-11-30
Target NitroSecurity
Sector Information Technology
Buyer(s) McAfee
Sellers(s) First Analysis
NewSpring Capital
Deal Type Add-on Acquisition
Advisor(s) Boston Meridian Partners LLC (Financial)

Target

NitroSecurity

Portsmouth, New Hampshire, United States
NitroSecurity is a provider of intrusion prevention systems (IPS), one of the fastest-growing network security segments. In contrast to traditional detection methods that react to infiltrations after they've occurred, intrusion prevention systems can proactively block attacks in real time before they enter a corporate network. NitroSecurity combines considerable research and development depth with top-notch sales and marketing talent ? a rare combination for early-stage security entities.

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Buyer(S) 1

Buyer

McAfee

San Jose, California, United States

Category Company
Founded 1987
Sector Information Technology
Revenue 2.9B USD (2020)
DESCRIPTION
McAfee's corporate headquarters in Santa Clara, California.
McAfee's corporate headquarters in Santa Clara, California.

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in San Jose, California.


DEAL STATS #
Overall 5 of 9
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 5 of 9
State (New Hampshire) 1 of 1
Country (United States) 4 of 7
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 Solidcore Systems

Cupertino, California, United States

Solidcore Systems, Inc. is a developer of change control software for information technology infrastructures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Stonesoft Oyj

Helsinki, Finland

Stonesoft Corporation delivers software based, dynamic, customer-driven cyber security solutions that secure information flow and simplify security management. Stonesoft serves private and public sector organizations that require high availability, ease-of-management, compliance, dynamic security, protection of critical digital assets, and business continuity against today’s rapidly evolving cyber threats. The company leads research into advanced cyber threats and the advanced evasion techniques (AETs) used in stealth, targeted cyber attacks.

Buy $389M

Seller(S) 2

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 50 of 71
Sector (Information Technology) 10 of 13
Type (Add-on Acquisition) 37 of 51
State (New Hampshire) 1 of 1
Country (United States) 50 of 70
Year (2011) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Kelatron

Ogden, Utah, United States

Kelatron manufactures and markets mineral nutrients in varied chemical and chelated forms worldwide for sale in the nutritional supplement, nutraceutical and health food segments. Chelation increases bioavailability?the ability of the body to absorb specific minerals.

Sell $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 DataSphere Technologies

Bellevue, Washington, United States

DataSphere Technologies is one of the fastest-growing online marketing companies in the U.S. The company helps local businesses raise their visibility, convert more customers, and gain a competitive edge with custom marketing packages. Services include exclusive association with leading local media brands, the Web’s largest local coupon network, custom video ads, Facebook integration, mobile marketing, email campaigns and more. DataSphere’s platform also offers content and sales solutions to major media companies, including Gannett, Meredith Corp., Raycom Media, Local TV LLC, Fisher Communications and Hubbard Broadcasting, helping them create and monetize services specifically designed for small business advertisers.

Buy -
SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 12 of 86
Sector (Information Technology) 2 of 16
Type (Add-on Acquisition) 6 of 48
State (New Hampshire) 1 of 1
Country (United States) 12 of 85
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 IQ Brands

Advance, North Carolina, United States

IQ Brands is a designer and distributor of fashion casual and athletic socks. IQ Brands industry-renowned in-house design team captures the latest trends in the colored and patterned sock category and sells private label, licensed, and branded merchandise to specialty footwear retailers, sporting goods stores, department stores, and discount retailers. IQ Brands was founded in 1999 and is based in Advance, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

Buy -