White Ops Acquired by Goldman Sachs

guest · Dec 24, 2020

White Ops Acquired by Goldman Sachs
December 24, 2020
https://www.infosecurity-magazine.com/news/white-ops-acquired-by-goldman/

American cybersecurity company White Ops announced today that it has been acquired by Goldman Sachs' Merchant Banking Division in partnership with ClearSky Security and NightDragon.

Terms of the transaction, which follows Goldman Sachs’ and ClearSky’s initial investment in White Ops earlier this year, were not disclosed.
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White Ops was founded in 2012 and is based in New York City. The company's core focus is protecting enterprises from fraud and sophisticated bot attacks, including account takeover, automated account creation, and web scraping, by verifying interactions.

According to statements made on its website, White Ops currently verifies over 10 trillion interactions per week.
CEO and co-founder of White Ops Tamer Hassan said that the acquisition will help White Ops to accelerate its expansion into new markets.

“Goldman Sachs, ClearSky, and NightDragon are ideal partners to support the next phase of the Company’s evolution and growth across multiple markets, use cases and geographies,” said Hassan.
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White Ops: White Ops Announces Acquisition by Goldman Sachs Merchant Banking, ClearSky Security, and NightDragon

NEW YORK, December 23, 2020 - White Ops (“White Ops” or the “Company”), a global leader in protecting enterprises and internet platforms from digital fraud and abuse, today announced its acquisition by Goldman Sachs Merchant Banking Division, in partnership with ClearSky Security and NightDragon (together, the “Sponsors”).

The Sponsors are acquiring the business from previous investors Paladin Capital Group, Grotech Ventures, and other shareholders, and the acquisition follows Goldman Sachs’ and ClearSky’s initial investment in the Company earlier this year. The acquisition has formally closed and terms of the transaction were not disclosed.
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