Solutionary Has Been Acquired by NTT
Signal Hill is pleased to announce that its client, Solutionary, the leading pure-play managed security service provider (MSSP), has been acquired by Nippon Telegraph and Telephone (NTT) Corporation, a global telecom leader and Fortune Global 50 company.
Solutionary protects traditional and virtual IT infrastructures, cloud environment and mobile data, enabling its clients to optimize security programs, make informed decisions, achieve compliance and reduce costs. Solutionary provides a comprehensive suite of products, including security device management, managed security services, log monitoring, log management, security consulting services and vulnerability management.
“This watershed transaction, our second with Solutionary and eighth on behalf of pure-play MSSP clients, highlights Signal Hill’s security sector leadership and focus,” said Don More, Managing Director at Signal Hill. “IT Security has become a requirement for today’s increasingly Cloud-based enterprises. Firms like NTT are rounding out their security solutions portfolios and as a result, M&A continues to heat up in this sector — Signal Hill has consummated 13 deals with leading IT security and risk compliance companies since 2010 and 36 over the past decade and we are optimistic about continuing sector strength.”
Commenting on Signal Hill’s role in the transaction, Solutionary CEO and Chairman Steve Idelman said, “Signal Hill was a great partner in helping us to complete this deal, as well as assisting as a co-advisor in helping us to secure outside investment previously. As our co-advisor, Signal Hill added material value and I appreciated their efforts, initiative, tenaciousness and judgment. Don More, Matt Fiore and the Signal Hill team are people with whom I would work with again.”
has been acquired by