Silicon Valley Investment Firm Profits From Surveillance States

Don Bowman, co-founder of Sandvine Inc., was always aware of the risks his company’s products posed. Sandvine makes what’s called deep packet inspection equipment, tools useful for spam filtering and internet network management that can also be used for surveillance and censorship. During Bowman’s two-decade tenure, Sandvine periodically turned down potential clients, including a telecommunications company partially owned by the Turkish government that wanted Sandvine to help it spy on email correspondence. “What that could lead to—we’re talking about journalists vanishing, whistleblowers put in jail,” says Bowman, who has since founded a security company called Agilicus in Kitchener, Ont. “We didn’t want to be part of that.”

Such concerns didn’t appear to take priority after Francisco Partners Management LLC, a private equity firm in San Francisco that primarily invests in technology companies, bought Sandvine in 2017. Francisco Partners replaced Sandvine’s entire executive team, including Bowman, and Sandvine then began selling to governments with troubling records on human rights, according to interviews with more than a dozen people familiar with the matter and documents reviewed by Bloomberg News. Sandvine had previously dealt exclusively with the private sector, and its pursuit of government contracts, Bowman says, represented “a fundamental shift for the company.”