New Net Win for Oasis Europe
15th June 2021
Oasis Europe are delighted to announce the sale of New Net Technologies (NNT), a software manufacturer that provides change, configuration, vulnerability and asset management solutions to Netwrix Corporation, a cybersecurity vendor that makes data security easy backed by TA Associates and based in California.
The products of NNT and Netwrix will fit perfectly into each other’s product portfolios, further helping customers improve identification and protection against cybersecurity threats.
Steve Dickson, CEO of Netwrix said “The acquisition of NNT extends our vision to unify all phases of the data security lifecycle under a single brand. Adding the people and products of NNT expands our capabilities in the Identify and Protect functions of NIST. This acquisition will further help our customers establish and maintain the fundamental cybersecurity controls required to keep ahead of the continued onslaught of cyberthreats.”
Mark Kerrison, CEO and Founder of NNT commented:
Following a recommendation from the Chairman of our Board, we met with James Willcox-Jones at Oasis Europe in November 2019. James outlined a compelling strategy for preparing our business for a sale as well as generating maximum interest and value.
As we progressed, James provided first class help and advice, both in terms of the negotiation strategy for each of the deals we looked at, as well as invaluable insight into how best to prepare information in order to minimise delays throughout the process.
One of the many things that I found to be invaluable was James’ ability to step between buyer and seller when the topic became particularly sensitive, which created a highly useful air-gap and meant we could ask difficult questions or stand our ground on certain issues in a more detached fashion than if we were to have attempted this without his help.
Finally, James was always available to me and nothing was ever too much trouble, quite the opposite in fact he would always jump to help wherever and whenever we needed it.
The result was a fantastically successful trade sale at a great value with a buyer of absolutely the right shape and size to take us to the next level.
I would recommend Oasis to anyone who is looking for a genuinely safe and reliable pair of hands during what is always a highly critical time. In fact, I would go so far as to say that Oasis, of all the professional help I have employed over the past 30 years or so, were hands down the best, most effective and pleasant to work with by some distance.