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 security.
Mohammed Al-Shroogi, President for Gulf Business at Investcorp said: “Businesses are placing increased emphasis on the importance of identifying and mitigating information security risks and FishNet is ideally positioned to capitalize on these growth opportunities and to help drive advancements in the information security sector further.”
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.
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.