Alert Logic will be operated by its existing management team

Aug 21, 2013 17:26 GMT  ·  By

Security-as-a-Service (SaaS) company Alert Logic has announced that it will be acquired by private equity firm Welsh, Carson, Anderson & Stowe. Welsh Carson will own a majority shareholder interest in the IT security firm.

As part of the deal, Welsh Carson will invest some money in accelerating Alert Logic’s growth. Alert Logic will continue to be operated by the existing management team, led by Gray Hall, the company’s chairman, president and CEO.

“Our strategic focus remains intact and this transaction brings improved access to capital and other resources, positioning us to expand our geographic footprint, strengthen our team and further accelerate growth in our market-leading cloud security offerings,” Hall noted.

“Alert Logic is uniquely positioned to capture the rapidly growing market demand for securing IT infrastructure in the cloud,” said Michael Donovan, a Welsh Carson general partner.

“We do not believe that any other company has Alert Logic’s ability to deploy such a broad portfolio of security solutions in any cloud environment, a multi-tenant SaaS delivery platform that has been proven to scale to big data proportions, or a large established channel of leading cloud and hosting service provider partners.”

The transaction is expected to close by the end of this month.