M&A Deal Summary

Trustwave Acquires Application Security

On November 13, 2013, Trustwave acquired information technology company Application Security from Paladin Capital Group

Acquisition Highlights
  • This is Trustwave’s 4th transaction in the Information Technology sector.
  • This is Trustwave’s 8th transaction in the United States.
  • This is Trustwave’s 1st transaction in New York.

M&A Deal Summary

Date 2013-11-13
Target Application Security
Sector Information Technology
Buyer(s) Trustwave
Sellers(s) Paladin Capital Group
Deal Type Add-on Acquisition
Advisor(s) AGC Partners (Financial)

Target

Application Security

New York, New York, United States
Application Security, Inc. is a provider of application security solutions for the enterprise. AppSecInc products proactively secure enterprise applications at more than 400 organizations around the world by discovering, assessing, and protecting the database against rapidly changing security threats.

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Buyer(S) 1

Buyer

Trustwave

Chicago, Illinois, United States

Category Company
Founded 1995
Sector Software
DESCRIPTION

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 9
Sector: Information Technology M&A 4 of 5
Type: Add-on Acquisition M&A Deals 8 of 9
State: New York M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-03 SecureConnect

Eden Prairie, Minnesota, United States

SecureConnect, Inc. is a provider of Internet security and payment card industry compliance services.businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Cenzic

Campbell, California, United States

Cenzic is a provider of dynamic application security testing technologies and enables organizations to continuously assess cloud, mobile and web applications for vulnerabilities. Cenzic was formed in 2000 and is based in Campbell, California.

Buy -

Seller(S) 1

SELLER

Paladin Capital Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Paladin Capital Group is a growth capital firm focused on early and expansion stage businesses related to homeland security, defense, and business continuity. Specific areas of interest include identity management, antimicrobial solutions, mesh networks, IT services, data storage, business process software, network management software and detection, biometrics, and protective equipment. Paladin Capital Group was formed in 2001 and is headquartered in Washington DC.


DEAL STATS #
Overall 17 of 44
Sector: Information Technology M&A 6 of 12
Type: Add-on Acquisition M&A Deals 13 of 31
State: New York M&A 4 of 4
Country: United States M&A 17 of 38
Year: 2013 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Unitrends

Burlington, Massachusetts, United States

Unitrends, Inc. is a provider of disk-based backup appliances (replacements for existing tape backup devices) for small and medium businesses, as well as an online backup service to backup data over the public internet to a remote datacenter.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Toma Biosciences

Foster City, California, United States

Toma Biosciences is a developer and provides DNA-based cancer testing technology. Toma's mission is to provide physicians with accurate information about the errors present in a patient’s tumor. Toma Biosciences is based in Foster City, California.

Buy -