Bahrain’s Investcorp in US tech firm stake deal

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Investcorp, a Bahrain-based alternative asset manager, has acquired a stake in US-based IT security firm FishNet Security, it was announced on Wednesday.

Kansas-based FishNet helps companies to identify risks and develop solutions and technologies to safeguard their day-to-day security of their information and IT systems.

The financial details of the deal were not disclosed, but Investcorp’s stake was acquired from Chicago-based Lake Capital.

“Businesses are placing increased emphasis on the importance of identifying and mitigating information security risks and FishNet is ideally positioned to capitalise on these growth opportunities and to help drive advancements in the information security sector further,” said Mohammed Al-Shroogi, President for Gulf business at Investcorp.

Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2012, Investcorp had US$11.5bn in assets under management.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
The Arab women making themselves heard online

The Arab women making themselves heard online

A new generation of Arab women are taking to YouTube to have...

Why Periscope will save Twitter from catastrophe

Why Periscope will save Twitter from catastrophe

The world is at a tipping point, when livestreaming video officially...

Bahrain's growing strength in attracting entrepreneurs

Bahrain's growing strength in attracting entrepreneurs

A recent survey by Ernst & Young found that 70 percent of young...

Most Discussed
sponsoredTracking