Acquisition will further accelerate White Ops growth and expansion into new markets
White Ops (“White Ops” or the “Company”), a global leader in protecting businesses and internet platforms against digital fraud and abuse, today announces its acquisition by Goldman Sachs Merchant Banking Division, in partnership with ClearSky Security and NightDragon (together, the “Sponsors”). Sponsors acquire the business, owned by previous investors Paladin Capital Group, Grotech Ventures, and other shareholders, and the acquisition follows the initial investment by Goldman Sachs and ClearSky in the Company earlier in the year . The acquisition was officially closed and the terms of the transaction were not disclosed.
The acquisition will support White Ops in its next phase of growth and further accelerate its expansion into new markets. The core business of the Company is to protect businesses against sophisticated bot attacks and fraud in the areas of cybersecurity, digital advertising and marketing, on behalf of some of the largest companies and internet platforms. This year, as more businesses go digital, White Ops has authenticated more than 10 trillion interactions per week on behalf of its customers, a number that has also been rising. The Company thus provides a holistic platform to stop malicious activity across the internet.
“Goldman Sachs, ClearSky and NightDragon are ideal partners to support the next chapter in the Company’s history across multiple markets, use cases and geographies,” said Tamer Hassan, CEO and co-founder of White Ops. “The renewed support for our mission, which is to revolutionize the economics of cybersecurity, the global network of relationships, and market expertise, represents a very solid foundation to realize our vision and enable a collective protection for the internet. ”
“We have been very pleased with the Company’s performance since our initial investment and are delighted to strengthen our current partnership, as White Ops continues to benefit from the business transition to digital and growing customer demand in terms of protection, ”said Anthony Arnold, managing director at Goldman Sachs. “We look forward to supporting the management team in its next phase of growth.”
“White Ops’ highly differentiated technology platform and tiered signal collection structure helps clients protect themselves against a wide range of sophisticated frauds,” said Matthew Popper, Managing Director, Goldman Sachs. “We look forward to working with management and our partners at ClearSky and NightDragon to accelerate the Company’s expansion into new markets.”
“As fraud and abuse become more prevalent across the entire digital ecosystem, businesses and internet platforms require more reliable protection than ever before. White Ops has demonstrated that it can stop fraud and abuse on a very large scale, ”says Jay Leek, Managing Partner of ClearSky. “We have spent a lot of time with its management team over the past year and have been impressed with the reliability and quality of its platform. We look forward to this partnership to further strengthen the position. leader of the Company in this sector. ”
“With experience gained from hundreds of cybersecurity companies and teams, we know full well that automated application attacks are a critical risk area for every security and marketing department,” said Dave DeWalt, Founder and Managing Director of NightDragon. “We are happy to work with the White Ops team to help clients in various industries.”
In addition to representatives from Goldman Sachs, Jay Leek will join the Board of Directors to represent ClearSky, and Dave DeWalt will join the Board of Directors to represent NightDragon and serve as Vice President of the Company.
Morgan Stanley & Co. LLC acted as financial advisor and Cooley LLP acted as legal advisor to White Ops.
The Sponsors have been advised by Momentum Cyber. Legal advice was provided to the Sponsors by Sullivan & Cromwell LLP and Wilson Sonsini Goodrich & Rosati.
Malicious actors with millions of sophisticated bots are the cause of tens of billions of dollars a year in fraud against companies around the world. These sophisticated bots target home and business devices, share browsing history and habits with humans, and therefore make them particularly difficult to detect. The multi-layered detection method, advanced algorithms, Satori threat monitoring and research team, and the sheer scale of White Ops make it possible to detect and prevent these automated attacks of all levels of sophistication, thereby protecting sensitive data, reputation, compliance, profitability and customer experience in order to grow digital businesses. of our customers. These capabilities allowed White Ops to play a major role in the dismantling of 3ve , one of the largest fraudulent bot networks to date, thanks to collective protection and the most extensive private sector collaboration ever, including with the FBI, Google, Facebook and many other players in the industry. Also, White Ops recently unmasked ICEBUCKET, the largest fraudulent operation linked to connected television. White Ops has also just announced the availability of its products through AWS Cloud Marketplace and Snowflake Data Marketplace to provide its customers with expanded access to the Company’s platform.
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White Ops’ Fraud Mitigation Platform eliminates cybersecurity weak spots with its product portfolio:
- Application Integrity – Protects sites and applications against digital fraud and abuse, including account takeover attacks, new account fraud, fraudulent transactions and the recovery of sensitive content, preventing costly losses while preserving user privacy and seamless digital experiences.
- Marketing Integrity – Protects digital marketing investments against fraud and abuse, including paid media, lead detection and retargeting, preventing fraudulent traffic from infiltrating marketing platforms to ensure efficiency and to boost returns on investment.
- Advertising Integrity – Protects digital media and advertising from fraud and abuse in desktop, mobile and CTV environments for proven inventories and human-only edits for increased advertising effectiveness.
