Tuesday, August 20, 2013
Alert Logic Acquired By Private Equity Firm
Houston-based Alert Logic has been acquired by private equity firm Welsh, Carson, Anderson & Stowe, the two announced this morning, and also has gained additional capital to fund the acceleration of the company's business and geographic expansion. Alert Logic, which develops software-as-a-service security products, said that Welsh Carson acquired the company from investors Updata Partners, Covera Ventures, Mercury Fund, OCA Ventures, Access Venture Partners, and Industry Ventures. Financial details of the exit and acquisition were not announced. Alert Logic's existing management team, led by CEO Gray Hall, will continue to run the business. Alert Logic says it currently has an annual revenue run rate of more than $43M, and has more than 2,200 customers.