An Atlanta software holding company focused on convenience stores and petroleum wholesalers around the world has acquired Franklin-based managed security services marketer Cybera.
The deal closed this week alongside PDI’s acquisition of the managed security services division of ControlScan, which is based in Lexington, Kentucky. The two businesses will work alongside each other under the umbrella of a new PDI security solutions group. Terms of the purchase by PDI aren’t being disclosed, but trade publication
Buyouts reported
in mid-2019 that a deal could be worth between $250 million and $300 million.
Cybera, which had been owned by private equity firm Sumeru Equity Partners and Adams Street Partners, employs about 110 people locally and another 20 people at offices in Silicon Valley and London. The company was founded in 2001 and attracted big-name clients such as Shell, Mapco, Captain D s and Applebee s as it built out its cloud-based network security services over the ye