Arlington Capital Partners has created Polaris Alpha from a merger involving: Eoir Technologies, a cloud computing company; Intelligent Software Solutions, a big data analytics firm, and cybersecurity software developer Proteus Technologies. The newly formed company anticipates nearly $250 million in revenue for 2017.
The trend for middle-market cybersecurity is imminent now more than ever. From high-profile hacks and data leaks to network outtages, cybersecurity firms have made for attractive purchases in technology M&A. 2016 deals within the sector include: Accenture’s purchasing Redcore; Vista’s agreement to buy compliance software provider Regulatory DataCorp Inc.; TPG’s $4.2 billion dollar deal for a majority stake in Intel Corp’s computer security unit; Thoma Bravo LLC’s buying Bomgar and healthcare IT security company Imprivata (NYSE: IMPR); ASRC Federal acquiring Vistronix Intelligence & Technology Solutions from Enlightenment Capital; FireEye Inc. (Nasdaq: FEYE) purchase of iSight Partners; Avast Software's $1.3 billion deal to expand its security software services with AVG Technologies NV (NYSE: AVG); and Honeywell International Inc.'s (NYSE: HON) selling Honeywell Technology Solutions Inc. to KBR Inc. (NYSE: KBR).