BC Partners and Medina Capital have agreed to acquire Brainspace Corp., an investigative analytics firm, as part of a joint venture to form a new cybersecurity company. The deal, with undisclosed terms, is expected to close in early 2017.
Brainspace develops machine-learning software that derives meaning from human communications, useful for digital investigations and data analysis. Medina Capital invested in the Addison, Texas-based target in August 2013. Brainspace’s technology provides cybersecurity and defense intelligence services used by companies such as Ernst & Young LLP, KPMG LLP, PricewaterhouseCoopers LLP, and LexisNexis Group. The target was founded in 2005 by David Copps and Chris Rohde, then operating as PureDiscovery.