Optiv Security, a Denver cybersecurity firm, said Wednesday that a deal to sell off a majority stake to new investors is . Terms were not disclosed.
In November, Optiv , but a month later it reversed course and to New York private equity firm KKR. Optiv was owned by a group of investors, including investment firm Blackstone, which will keep a minority interest in the company.
Optiv was created in November 2014 when Denver’s . The company offers anti-hacking services and cybersecurity consulting — a fast-growing industry as more companies become proactive in monitoring potential cyber threats. That was key to KKR’s interest, said Herald Chen, co-head of KKR’s Technology, Media & Telecom investment team, in a statement.
“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,” he said.
In the , Optiv said it had 1,700 employees, which included 1,300 cybersecurity specialists. Its unaudited pro-forma sales declined to $643.8 million for the first nine months of 2016, compared to $673.1 million for the same period in 2015. Similarly for the same period, net losses improved to $5.7 million, from a loss of $13.6 million the prior year.
