Skadden Arps advised OceanSound Partners LP on an agreement by its portfolio information technology consulting company, Netrix LLC, to buy BTB Security, which specializes in cybersecurity and digital forensics.
Skadden and Womble Bond Dickinson advised Chicago-based Netrix, while Cozen O’Connor advised Philadelphia area-based BTB Security, according to a statement. Financial terms were not disclosed.
Netrix said the acquisition boosts its managed security portfolio and its ability to deliver cybersecurity consulting services to small and mid-sized clients.
Chief information officers “and other business leaders are no longer seeing cybersecurity as an afterthought, but increasingly as a core component to ensuring continuity of business operations and risk management,” said Don Penland, senior vice president of corporate development at Netrix.
To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com
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