Investment to drive increased visibility and accelerate Fidelis Cybersecurity’s growth by capitalizing on Advanced Threat Defense market opportunity expected to near $1 billion in 2016*
LOS ANGELES – Marlin Equity Partners (“Marlin”) has signed a definitive agreement to acquire Fidelis Cybersecurity Solutions from General Dynamics. Fidelis Cybersecurity Solutions, a part of General Dynamics Mission Systems, offers a comprehensive portfolio of products, services, and expertise to help customers combat today’s sophisticated advanced threats and to prevent data and intellectual property theft. The transaction is subject to customary closing conditions and is expected to close in Q2 2015. At that time, Peter George, who is currently president of General Dynamics Fidelis Cybersecurity Solutions, will become CEO of the new independent company, Fidelis Cybersecurity.
Fidelis’ flagship product, Fidelis XPS™, is an advanced threat defense platform which is recognized by many of the largest organizations around the globe as highly effective in detecting and preventing not only initial malware infections, but also the subsequent spread of malware within organizations and the theft of information it perpetrates. Fidelis complements this solution with an elite incident response team which is on the frontline helping customers investigate breaches and stop zero days, and a threat research team conducting original research and incorporating real-time insights into Fidelis XPS. Fidelis has customers across industries, including financial services, healthcare, retail, technology, government and critical infrastructure. In addition, Fidelis has worldwide reseller and trusted advisor partners that extend its market reach and bring to bear their significant expertise to help customers succeed in their battle against cyber attackers.
Peter Chung, a principal at Marlin, said, “Marlin is very excited to partner with Fidelis’ world class management team to expand and grow the company’s industry-leading solutions. As global cybersecurity threats continue to become more prevalent, Fidelis’ technology is uniquely positioned to help customers defend themselves against advanced malware attacks and internal and external data theft.”
Nick Kaiser, a partner at Marlin, added, “Fidelis’ reputation for innovation and unparalleled customer service has resulted in significant growth and Marlin is thrilled to take part in the next stage of the company’s evolution. We are confident our expertise with high-growth technology investments and our financial and operational resources will help accelerate Fidelis’ product development and global sales and marketing capabilities.”
About Marlin Equity Partners Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 85 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
*Source: NSS Labs, Market Intelligence Brief: Breach Detection Systems, October 2014About Fidelis Cybersecurity
Fidelis Cybersecurity combats the full spectrum of cyber-crime, data theft and espionage. A leading provider of threat detection, hunting and response solutions, Fidelis provides full visibility across hybrid environments, automates threat and data theft detection, empowers threat hunting, and optimizes incident response with context, speed and accuracy. Fidelis is trusted by Global 1000s and Governments as their last line of defense.
The Fidelis Elevate® platform captures rich metadata from across the threat landscape and combines that content to enable real-time and retrospective analysis, giving security teams the platform to effectively hunt for threats in their environment.
For more information go to www.fidelissecurity.com. Fidelis Cybersecurity is a portfolio company of Skyview Capital.