Security Blockbuster: Optiv Security Acquired By Private Equity Firm KKR

Herald Chen, co-head of KKR's Technology, Media & Telecom investment team, said KKR was looking to invest in Optiv for its "market leadership as a critical partner and advisor to the Global 1000" in a market for cybersecurity that has become a "growing focus and pain point for companies."

“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," Chen said in a statement.

The deal is expected to close in the first quarter of 2017. 

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