After months of rumors, Optiv Security Inc. apparently has been sold, according to multiple sources. Indeed, Blackstone Group allegedly has sold Optiv to KKR for roughly $1.8 billion to $1.9 billion -- or perhaps as much as 11 times to 13 times various EBITDA (earnings before interest, taxes, depreciation and amortization) estimates, according to multiple sources close to the deal.Updated December 6, 2016, 8:45 a.m. ET: KKR has now publicly confirmed the Optiv Security acquisition.Optiv, a cyber security solutions provider, was formed through the merger of Accuvant and FishNet Security in 2015.According to a Nov. 18 filing with the SEC, Optiv has:Sources close to the deal peg the overall valuation at roughly 11 to 13 times EBITDA, though ChannelE2E has not seen overall 2016 revenue or EBITDA estimates for Optiv.
- more than 1,700 employees -- including over 1,300 cyber security experts who plan, build and run cyber security programs for customer;
- 400 partnerships with established and emerging security software providers and hardware manufacturers;
- a customer base that has included 71 of the Fortune 100 and 604 of the Fortune 1000 over the past three years;
- more than 7,500 customers in 76 countries over the past three years.
- more than $972.6 million of revenue on a pro forma basis in 2015; and
- adjusted EBITDA for the year ended December 31, 2015 and the nine months ended September 30, 2016 of $97.5 million and $61.2 million, respectively; and
- covenant Adjusted EBITDA of $122.6 million and $117.4 million for the 12 months ended September 30, 2016 and December 31, 2015, respectively.