Haystax Technology, a portfolio company of the Edgewater Funds, has acquired Digital Sandbox. This acquisition extends Haystax capabilities and products in public safety, law enforcement and corporate security markets.
Digital Sandbox provides threat and risk analysis and monitoring software to the national security and homeland security sectors. The company’s products are used by federal, state, and local agencies to quantify and monitor risks from natural and man-made threats, and to direct resources based on threat and risk priorities. Following the acquisition, Digital Sandbox will continue to be led by its president, Anthony Beverina. The company was founded in 1998 and is based in McLean, VA (www.dsbox.com).
Haystax provides information integration, data analytics and visualization services used to process data in the intelligence, defense and security sectors. The company is based in San Jose, CA (www.haystaxtechnology.com).
“The accelerating variety, volume and velocity of available data can overwhelm organizations and leaders responsible for ensuring the safety of major companies and events. We are excited to add Digital Sandbox’s technologies to provide our customers with scalable analytics to monitor hundreds of real-time news and social media feeds with mobile solutions to enable entirely new capabilities for prioritized, intelligent decision-making,” said William Van Vleet, Chief Executive Officer of Haystax.
The Edgewater Funds invests in companies with revenues from $20 million to $500 million and EBITDAs from $5 million to $30 million. Sectors of interest include business services, financial and government services, consumer products and services, health care services, IT services and software and basic industries. The firm has $1.4 billion in committed capital and is based in Chicago (www.edgewaterfunds.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-8-13
