Optiv Security, a Denver, CO-based provider of cybersecurity solutions, received a majority investment from KKR.
KKR is making the investment primarily from its eleventh Americas Private Equity investment fund. Sellers included a group of private investors, including a private equity fund managed by Blackstone (NYSE: BX), which will maintain a minority interest in Optiv along with the company’s management, Investcorp and Sverica.
The amount of the deal – which is expected to close in the first quarter of 2017 subject to customary closing conditions – was not disclosed.
The company will use the proceeds to accelerate investment in product and service capabilities and expand its presence across the U.S. and internationally.
Led by Dan Burns, chief executive officer, Optiv support clients in plannin, building and running cybersecurity programs. The company has capabilities and 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.
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.