Goldman Sachs acquires cybersecurity firm White Ops

Cybersecurity firm White Ops has been acquired by multinational investment bank Goldman Sachs, in partnership with cyber solutions provider ClearSky Security and venture capital firm NightDragon.

The trio, led by Goldman Sachs’ Merchant Banking Division, have picked up White Ops from Paladin Capital Group, Grotech Ventures, and other shareholders. The terms of the transaction have not been disclosed.

White Ops hopes its new owners will support its next phase of growth and further 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 Tamer Hassan, CEO and Co-founder of White Ops. “Their continued support of our mission to disrupt the economics of cybercrime, global network of relationships, and market expertise provides a very strong foundation to execute on our vision to enable collective protection for the internet.”

In addition to Goldman Sachs representatives, Jay Leek of ClearSky and Dave DeWalt of NightDragon will join the White Ops Board of Directors.

The acquisition follows an initial investment in the company from Goldman Sachs and ClearSky earlier this year.

“We have been very pleased with the Company’s performance since our initial investment and we’re delighted to build on our current partnership, especially as White Ops continues to benefit from consumers’ shift to digital and clients increasingly require protection,” said Anthony Arnold, Managing Director at Goldman Sachs. “We look forward to supporting management in their next phase of growth.”