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A New Chapter for Brainspace
BC Partners, Medina Capital Announce Definitive Agreement To Acquire Brainspace
Acquisition bolsters machine learning and analytics capabilities for multi-billion-dollar cybersecurity joint venture.
Dallas, TX – November 4, 2016 – Leading private equity firms BC Partners and Medina Capital today announced an agreement to acquire Brainspace Corporation, a privately-held machine learning and analytics company based in Addison, Texas, as part of a new joint venture to create a global cybersecurity company providing software, services and infrastructure. The joint venture includes a portfolio of 57 data centers to be acquired from CenturyLink, along with the acquisition of Medina Capital’s portfolio of security and data analytics companies.
The new company will be an immediate leader in the global colocation market, with more than 3,500 customers and 2.6 million square feet of raised floor capacity, and will be exceptionally well-positioned within some of the fastest-growing segments of the information security market, which is estimated by Gartner to grow to $113.4 billion by 2020 [Gartner G00317994, Forecast Analysis: Information Security, Worldwide, 2Q16 Update, Oct. 21, 2016]
Brainspace brings its highly scalable machine learning platform, industry leading unstructured data analytics product and over twenty years of machine learning experience to the new venture. With the additional cybersecurity capabilities and global footprint of the new venture, Brainspace will be able to better address the growing demand for their solutions in e-discovery, digital investigations and defense intelligence.
“In today’s globally-connected, cloud-enabled world, there is a huge challenge and untapped value in being able to surface insights, answers, and threats in unstructured data. With exponential increases in the volume, velocity, and complexity of data, the challenge seems almost insurmountable,” said Dave Copps, Chief Executive Officer at Brainspace. “Our products directly address this need through augmented intelligence. Brainspace Discovery 5 utilizes interactive data visualization as a sort of lingua franca connecting people with machine learning and radically improving their productivity. This new venture further validates our mission at Brainspace. With a global footprint of world-class data centers and cybersecurity expertise, Brainspace will be empowered to deliver machine learning, powerful user experiences, and next-generation investigative tools to an even larger number of enterprises and government agencies.”
Further details on the joint venture can be found here. The transaction is expected to close in first quarter 2017, pending regulatory approvals and customary closing conditions.
About Brainspace Corporation
Brainspace Corporation is altering the field of digital investigations through the unique combination of machine learning technology and interactive data visualizations. Our unique solutions utilize our patented Brainspace platform and are leading the industry in text analytics, e-discovery, digital investigations and defense intelligence. Our customers include the Fortune 500, leading consulting firms, legal service providers, and government agencies.