Marlin Acquires Fidelis Cybersecurity, Completes First Add-On
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Marlin Acquires Fidelis Cybersecurity, Completes First Add-On

fidelis nf2Marlin Equity Partners has quickly added-on to Fidelis Cybersecurity – its IT security platform – with the purchase of Resolution1 Security, a provider of threat detection and incident response cybersecurity products.

Fidelis – acquired by Marlin on May 4th from General Dynamics – offers a portfolio of products and services that protect companies from data theft, financial loss and reputational damage. The company’s flagship product is Fidelis XPS that detects and prevents initial malware infections and also prevents the subsequent spread of malware and theft of information from within an organization. Fidelis is led by its CEO Peter George and is headquartered outside of Boston in Waltham, MA (www.fidelissecurity.com).

peter chung nf1“We acquired Fidelis because it is uniquely positioned to help customers protect their data and assets against adversaries across the entire threat lifecycle, from intrusion to propagation to exfiltration, in one fully integrated solution,” said Peter Chung, a principal at Marlin. “We are thrilled to provide the resources and financial backing to grow Fidelis and solidify its position at the forefront of the rapidly evolving advanced threat defense, and incident response and forensics markets.”

R1 nf1Resolution1 Security – Fidelis’ first add-on acquisition – provides cybersecurity detection and resolution systems to Fortune 500 companies in the retail, financial services, energy & oil, and government industries. The company was spun off from Access Data Group – a provider of cybersecurity, digital forensics and e-discovery – in January 2015.  Resolution1 is headquartered north of Provo in Lindon, UT and has additional offices in Washington DC; New York; Houston; and San Francisco (www.resolution1security.com).

“Resolution1’s continuous and automated endpoint threat detection and remediation engine addresses one of the largest issues in cybersecurity today – the disproportionate number of incidents that security analysts must manually respond to in the enterprise,” said Mr. Chung.  “With the buy of Resolution1, Fidelis now can offer one of the most comprehensive and powerful advanced threat solutions in the market across both the network and endpoint.”

Marlin Equity Partners invests in businesses that have revenues of $20 million to $1 billion and that are in the process of undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include technology, healthcare, consumer products and services, business services, manufacturing, aerospace & defense, distribution & logistics, and media. The firm has $2.6 billion of capital under management. Marlin is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).

2015 PEPD • Private Equity’s Leading News Magazine • 5-13-15

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