White Ops Security Platform Details
White Ops technology protects enterprises from bot attacks and fraud across the domains of cybersecurity, digital advertising, and marketing.The company's customer base grew by 40 percent in 2020, though actual revenue and profit figures were not disclosed. Also, 2020 headcount by 25 percent to 170 employees, White Ops says.
In a prepared statement about the M&A agreement, Tamer Hassan, CEO and co-founder of White Ops, said:
“Goldman Sachs, ClearSky, and NightDragon are ideal partners to support the next phase of the Company’s evolution and growth across multiple markets, use cases and geographies. Their continued support of our mission to disrupt the economics of cybercrime, global network of relationships, and market expertise provides a very strong foundation to execute on our vision to enable collective protection for the internet.”
White Ops Acquired: Buyer and Investor Perspectives
Added Anthony Arnold, managing director at Goldman Sachs:
“We have been very pleased with the Company’s performance since our initial investment and we’re delighted to build on our current partnership, especially as White Ops continues to benefit from consumers’ shift to digital and clients increasingly require protection. We look forward to supporting management in their next phase of growth.”
Noted Matthew Popper, managing director at Goldman Sachs:
“White Ops’ highly differentiated technology platform and scaled signal collection footprint help its clients protect against a wide range of sophisticated fraud types. We look forward to working with management and our partners at ClearSky and NightDragon to accelerate the Company’s expansion into new markets.”
Added Jay Leek, managing partner of ClearSky:
"As fraud and abuse become increasingly prevalent across the digital ecosystem, enterprises and internet platforms require sophisticated threat protection now more than ever. White Ops has proven that it can stop fraud and abuse at tremendous scale. We have spent a lot of time with their leadership team over the past year and have been impressed with the strength and quality of their platform. We look forward to partnering to continue to build on the Company’s’ leadership position in the industry."
Concluded Dave DeWalt, founder and managing director at NightDragon:
"Through our experience in engaging with hundreds of enterprises and their cybersecurity teams, we know that automated attacks on applications creating fraud and abuse is a critical point of risk to every security and marketing team. We look forward to partnering with the team at White Ops to help clients across a range of industries."
Multiple companies advised on the deal -- including:
- Morgan Stanley acted as financial advisor to White Ops, and Cooley LLP provided legal counsel.
- The buyers were advised by Momentum Cyber, along with Sullivan & Cromwell LLP and Wilson Sonsini Goodrich & Rosati.
Goldman Sachs Cybersecurity Investments
Goldman Sachs has been busy in the cybersecurity market and IT services markets. The investment firm's recent investments include:
Goldman Sachs has also shed some cyber assets in recent years.