Investcorp acquires North America's leading information security solutions
provider, FishNet Security, Inc.
NEW YORK, Jan. 23, 2013
NEW YORK, Jan.23, 2013 /PRNewswire/ --Investcorp, a leading international
alternative asset manager, today announced that it has acquired a majority
stake in FishNet Security, Inc. ("FishNet"), North America's leading dedicated
information technology solutions security firm. FishNet's previous investor
was Chicago-based Lake Capital. Terms of the deal were not disclosed.
FishNet provides information security solutions that combine technology,
consulting and training services. FishNet helps identify risks and develop
solutions and technologies to safeguard customers' day-to-day information
Steve Puccinelli, Head of Corporate Investments, North America and Europe
said: "FishNet operates in the growing IT security sector and provides its
services to businesses and institutions facing next-generation security
threats brought on by the increasing adoption of new technologies such as
cloud computing, virtualization, social networking and mobile computing."
The FishNet investment will be managed in tandem by Investcorp's North
American Corporate Investments team and Investcorp Technology Partners, the
firm's US and European-based technology investment group.
Andrew Flett, a Principal with Investcorp Technology Partners, added: "We are
delighted to be able to partner with FishNet and look forward to working with
FishNet's management team to help FishNet grow its business."
Gary Fish, Founder and CEO of FishNet, said: "We are very excited to be
working with Investcorp's exceptional team both in North America and Europe."
Investcorp was advised by Raymond James & Associates on the transaction and
Gibson Dunn provided legal counsel. FishNet was advised by William Blair &
Company and Kirkland & Ellis LLP provided legal counsel.
Investcorp is a leading provider and manager of alternative investment
products. Investcorp has offices in New York, London and Bahrain and is
publicly traded on the Bahrain Bourse (INVCORP). Investcorp has three main
business areas: corporate investment in the U.S., Europe and the Gulf, real
estate investment in the U.S. and global hedge funds. As at June 30, 2012,
Investcorp had $11.5 billion in assets under management. Further information
is available at www.investcorp.com.
About FishNet Security
FishNet Security is the leading provider of information security solutions
that combine technology, services, support and training. Since 1996, the
company has enabled clients to manage risk, meet compliance requirements and
reduce costs while maximizing security effectiveness and operational
efficiency. FishNet Security is committed to information security excellence
and delivers quality solutions to over 3,000 clients worldwide. For more
information about FishNet Security, visit www.fishnetsecurity.com.
Contact: FTI Consulting - James Cheston, +1-646-576-8120,
Jim.firstname.lastname@example.org; or Investcorp - Firas El Amine, +973-3998-7838,
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