Mooreland is a leading M&A advisor in the global cybersecurity industry
NEW YORK – November 8th, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to ForeScout Technologies, Inc. (NASDAQ:FSCT), a leading IoT security company, on its announced acquisition of SecurityMatters for approximately $113 million in cash, subject to customary adjustments.
ForeScout is focused on providing Global 2000 enterprises and government agencies with agentless device visibility and control across the extended enterprise – from campus to data center, cloud and operational technology networks. The acquisition will bolster ForeScout’s global leadership position with expanded capabilities and advanced features to secure OT and industrial environments.
SecurityMatters, based in Eindhoven, Netherlands, a global leader in operational technology (OT) network protection, delivers solutions that empower organizations to identify, react, and respond to industrial threats and flaws. The Company’s ability to passively monitor Operational Technology (OT) environments and Industrial Control Systems has made their monitoring and intelligence platform the solution of choice for Fortune 500 and Global 2000 customers worldwide.
The combination of ForeScout and SecurityMatters will represent the most comprehensive agentless device visibility and control platform on the market to help enterprises protect against the converging IT and OT threat environments.
“Mooreland continues to serve as the trusted advisor for many of the world’s leading security companies. This deal represents the fifth security transaction and 24th deal overall announced in 2018 where Mooreland advised one of the parties. Clients select Mooreland for our deep domain expertise, global reach and long-standing track record of providing expert advice.” said Brad Topchik, Managing Director, Mooreland Partners.