Pathlock and Vertica Capital Partners acquire akquinet enterprise solutions
Munich/ Hamburg — US investor Vertica Capital Partners has acquired Hamburg-based IT specialist akquinet enterprise solutions (“aquinet”) through its portfolio company Pathlock. In this transaction, Vertica Capital Partners and Pathlock were advised by POELLATH.
Akquinet, a leading provider of SAP Cyber Security & Access Governance software, offers all-round protection for classic SAP systems as well as S/4HANA systems with SAST SOLUTIONS consulting experts and managed services. SAST Suite is a holistic software solution for real-time monitoring of SAP systems, providing protection against compliance violations, data loss, and cybersecurity attacks. SAST SOLUTIONS addresses national medium-sized customers as well as international blue-chip customers in a variety of industries. Following the acquisition, akquinet will become part of an international alliance of seven leading providers of cross application access governance and application security solutions under the name Pathlock.
Pathlock is an IT service provider that automates the enforcement of access, process or IT general controls for over 140 business applications. Pathlock enables organizations to manage all aspects of access governance on a single platform, including user provisioning and temporary elevation, ongoing user access audits, internal control testing, continuous control monitoring, and audit preparation and reporting.
New York-based Vertica Capital Partners is a growth-oriented private equity investor with over $200 million in capital from leading software entrepreneurs, foundations and financial institutions.
Advisor Pathlock and US investor Vertica Capital Partners: POELLATH
Philipp von Braunschweig (photo), LL.M. (Fordham) (Partner, Lead Partner, M&A/Private Equity, Munich)
Dr. Nico Fischer (Partner, Tax Law, Munich)
Daniel Wiedmann, LL.M. (NYU) (Associated Partner, Investment Control Law, Frankfurt)
Andrea Streifeneder (Senior Associate, Co-Lead, M&A/Private Equity, Munich)
Christine Funk, LL.M. (Senior Associate, M&A/Private Equity, Legal Due Diligence, Frankfurt)
Dr. Matthias Meier (Associate, M&A/Private Equity, Legal Due Diligence, Munich)