homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

June 9, 2021

ExtraHop

Seattle-based ExtraHop, a provider of cloud-native network detection and response, has entered into a definitive agreement to be acquired by Bain Capital Private Equity and Crosspoint Capital Partners in a strategic transaction valued at $900 million. Bain Capital is a leading investor in technology companies, with 22 offices on four continents. Crosspoint Capital is a private equity firm focused on cybersecurity, privacy, and infrastructure software sectors. ExtraHop CEO Arif Kareem and co-founders Jesse Rothstein, chief technology officer, and Raja Mukerji, chief customer officer, will continue in their respective roles. Rothstein and Mukerji will also remain significant investors in the company. The transaction is expected to close in the summer of 2021 and is subject to customary closing conditions, including receipt of regulatory approvals. Qatalyst Partners is serving as the exclusive financial advisor to ExtraHop, and Wilson Sonsini is serving as legal counsel. Morgan Stanley is serving as the financial advisor to Bain Capital and Crosspoint Capital, and Ropes & Gray is serving as legal counsel. PwC is serving as the accounting advisor to Bain Capital.




Email or user name:
Password:
 
Forgot password? Click here.