White Ops Announces Acquisition by Goldman Sachs & ClearSky
ItemDate=2021-03-25 00:07:25 Status=publish
#News(Security) [ via IoTGroup ]
White Ops (“White Ops” or the “Company”) a global leader in protecting enterprises and internet platforms from digital fraud and abuse today announced its acquisition by Goldman Sachs Merchant Banking Division in partnership with ClearSky Security and NightDragon (together the “Sponsors”). The Sponsors are acquiring the business from previous investors Paladin Capital Group Grotech Ventures and other shareholders and the acquisition follows Goldman Sachs’ and ClearSky’s initial investment in the Company earlier this year.
The Company's core focus is to protect enterprises from sophisticated bot attacks and fraud across the domains of cybersecurity digital advertising and marketing serving some of the largest enterprises and internet platforms. This year as more companies moved to digital White Ops was called upon on behalf of its customers to verify the humanity of more than 10 trillion interactions per week and growing providing an incredibly broad and deep platform to stop nefarious activity across the internet. “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.
“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. “White Ops’ highly differentiated technology platform and scaled signal collection footprint helps its clients protect against a wide range of sophisticated fraud types ” said Matthew Popper Managing Director at Goldman Sachs. White Ops has proven that it can stop fraud and abuse at tremendous scale " said Jay Leek Managing Partner of ClearSky. "Through our experience in engaging with
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