Berkery Noyes Advises eLearnSecurity in its Acquisition by INE, a Portfolio Company of Providence Equity
May 14, 2019
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New York, NY – May 14, 2019 – Berkery Noyes is pleased to announce that it advised eLearnSecurity, a security training company, in its acquisition by INE, a provider of technical training for the IT industry and a portfolio company of Providence Equity Partners.
Based in Santa Clara, California and with offices in Italy and the U.A.E., eLearnSecurity has become the premier provider of online cybersecurity training courses and virtual labs for IT Security professionals. Its flexible, self-paced e-learning courses include real-world cybersecurity scenarios.
eLearnSecurity’s Training Paths are designed to help users become proficient in industry-standard roles outlined in the National Initiative for Cybersecurity Education (NICE) Workforce Framework by the National Institute of Standards and Technology (NIST).
Among many options that are offered, the company’s Enterprise Defender path provides practical network security skills such as secure design and configuration, vulnerability management, endpoint security and patch/group policy management. The Network Pentester path teaches the fundamentals of networking and penetration testing while the Incident Responder path offers users threat hunting, threat intelligence, and cutting edge intrusion detection skills.
Armando Romeo, founder and CEO of eLearnSecurity, said: “We had been courted by dozens of investment bankers before we decided to rely on Berkery Noyes. At the end of the journey we can honestly say that we hardly could have made a better choice. Martin Magida and his team understood and embraced our company’s values and philosophy from day one, managing to build a close relationship with our team that enabled an open, friendly and productive conversation all along.”
Romeo continued, “The level of attention to and understanding of our needs, and the negotiating skills they provided throughout the process were fundamental to maximizing shareholder value. Last but not least, in a stressful process like M&A, patience is a virtue and Martin and his team proved to be extremely virtuous in leading us to a positive outcome through periods of high stress.”
Martin Magida, Managing Director of Berkery Noyes, stated: “The ever mutating and evolving threat landscape, combined with a continually expanding attack surface, is driving the need for IT professionals proficient in cybersecurity. eLearnSecurity’s subscription-based offering of the highest quality content, updated and managed in the cloud, is at the forefront of IT training. We are delighted to have had the opportunity to help Armando realize the value that he created. ”
About Berkery Noyes
Berkery Noyes is an independent investment bank that provides M&A advisory and financial consulting services to middle market companies in the information and technology industries. The firm offers skilled transaction management to publicly traded and privately held businesses and private equity groups in both sell-side and buy-side transactions. Berkery Noyes has managed over 500 transactions, ranging from several million to more than four billion dollars in value. Securities transactions are performed by its subsidiary Berkery Noyes Securities, LLC, member FINRA/SIPC.