Sale of a leading provider of Software Vulnerability Management solutions that protect organizations against cybersecurity risks
LONDON – SEPTEMBER 11, 2015 – Mooreland Partners, the leading independent investment bank providing M&A advisory and capital raising services to the global technology industry, today announced that it acted as the exclusive financial advisor to Secunia on its sale to Flexera Software.
“This transaction underscores the importance of a unified approach between the office of the Chief Security Officer and the IT Operations team to deliver robust IT security in today’s heightened cyber threat environment” added Victor Garcia, Managing Director, Mooreland Partners. “The sale of Secunia further strengthens Mooreland Partners’ position as a leading global M&A advisor on cross-border transactions in the enterprise software sector, and specifically in security software.”
Based in Copenhagen, Secunia is a leading provider of IT security solutions, which helps businesses and private individuals globally manage and control vulnerability threats, risks across their networks, and end-points. Secunia plays an important role in the IT security ecosystem, and is the preferred supplier for enterprises and government agencies worldwide, counting Fortune 500 and Global 2000 businesses among its customer base.
Flexera Software provides software licensing, compliance, and installation solutions for application producers and mid-to-large enterprises. The company’s products include, InstallShield, InstallAnywhere, FlexNet Publisher, and AdminStudio. Based near Chicago, Flexera Software has more than 70,000 customers, approximately 600 employees worldwide, and is private equity backed.
“Vulnerability Management and Software Asset Management are highly complementary. Both disciplines, at their very foundation, require the accurate and continual discovery, inventory and protection of software assets within an organization,” said Brad Topchik, Managing Director, Mooreland Partners.