OPTIV

Optiv Security to Be Acquired By KKR

San Francisco, California – December 6, 2016 – Sverica Capital Management LLC (“Sverica”) announced today that its portfolio company, Optiv Security, a market-leading provider of end-to-end cyber security solutions, and KKR, a leading global investment firm, have signed a definitive agreement under which KKR will acquire a majority stake in Optiv. The company is being acquired from a group of private investors, including a private equity fund managed by Blackstone (NYSE: BX), Investcorp, and Sverica. Financial terms of the transaction are not being disclosed.

Over the past three years, Optiv has served more than 7,500 clients in 76 countries, including 71 of the Fortune 100 and 604 of the Fortune 1000. Optiv was named to the 2016 Inc. 5000 as one of North America’s fastest-growing private companies with a 97 percent three-year growth rate. The company made several strategic acquisitions this year to broaden its cyber security services and solutions, and strengthen and expand its geographic footprint. Optiv maintains strong relationships with established and emerging security software providers and hardware manufacturers, serving as the number one information security provider to 16 of its top 20 partners.

“Cyber security has been a growing focus and pain point for companies over the last decade, and is now one of the highest priorities for global enterprises. We have been following the cyber security sector very closely over the past several years and believe Optiv represents an attractive investment opportunity given its market leadership as a critical partner and advisor to the Global 1000,” Herald Chen, co-head of KKR’s Technology, Media & Telecom investment team, said.  “For KKR, this investment is premised on partnering with an awesome management team to build Optiv into a global security powerhouse by accelerating investment in Optiv’s product and service capabilities and expanding its presence across the U.S. and internationally.”

“More and more organizations are seeking an end-to-end cyber security solutions provider at scale that has awareness over every domain of cyber security and the ability to execute a comprehensive security strategy,” said Dan Burns, Optiv’s chief executive officer. “This new investment from KKR will enable our company to better help global clients address their full range of cyber risk and security needs in a customized and integrated fashion. We are excited about this agreement and look forward to working with KKR to become the world’s most advanced, most comprehensive and most trusted partner for cyber security solutions.”

The transaction is expected to close in the first quarter of 2017 pending relevant regulatory approvals.

About Optiv Security
Optiv is a market-leading provider of end-to-end cyber security solutions. We help clients plan, build and run successful cyber security programs that achieve business objectives through our depth and breadth of cyber security offerings, extensive capabilities and proven expertise in cyber security strategy, managed security services, incident response, risk and compliance, security consulting, training and support, integration and architecture services, and security technology. Optiv maintains premium partnerships with more than 350 of the leading security technology manufacturers. For more information, visit www.optiv.com.