The acquisition of the Portuguese technology company was based on its innovative technology and highly qualified human resources
Lisbon, 27th October, 2014 – AnubisNetworks, a leading company specialized in real time threat intelligence solutions, today announced the acquisition of 100% of its capital by BitSight, an American company specialized in IT Security Ratings.
This acquisition was based on AnubisNetworks innovative technology and highly qualified human resources, reflecting the international recognition of talent and investment opportunities in Portugal. AnubisNetworks will continue to operate in Portugal as a subsidiary of BitSight, with no impact on the relationship with its partners and customers.
According to Francisco Fonseca, AnubisNetworks CEO: “AnubisNetworks solutions will have an important role in the affirmation of BigSight as a leader in assigning security ratings to worldwide companies. To support this ambition, there are plans for growing the team. The current management team will remain focused on AnubisNetworks to reinforce the globalization strategy of our offer, keeping the entrepreneurial spirit we have since day one”.
According to Shaun McConnon, BitSight Technologies CEO: “Any company can issue a rating relative to the cybersecurtiy of a company, but it takes a powerful analytics platform like AnubisNetworks, to do it with quality, depth and innovation that allows issuing a confident rating".
According to Professor José Epifânio da Franca, President of the Board of Portugal Ventures, “The integration of AnubisNetworks in BitSight, supported by huge venture capital investors, will allow to accelerate the globalization of the technology offer and the development of the engineer team in Portugal. This transaction also reinforces the international recognition of the Portuguese technology resources and the quality and competitiveness of its human resources. We wish the best success to AnubisNetworks and BitSight in the path to worldwide leadership in enterprise security ratings".
Go4Venture Advisers was the exclusive financial consultant of AnubisNetworks and their shareholders.
On the other hand, the Engineer Carlos de Castro, CEO and Vice President of the board of PME Investimentos, said “Having Syndication Fund of Venture Capital PME-IAPMEI, managed by PME Investimentos, invested in AnubisNetworks in 2006, it is with great pleasure that we now see the international recognition and the merit of this project and its team. With the acquisition of AnubisNetworks by BitSight, the internationalization of the project was reinforced and the main goals of the PME-IAPMEI investment policy were achieved. I would also like to wish an the greatest future happiness, with the certainty that, such success will further contribute to the brand value of Portugal".
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