Big data fuels cross-country acquisition
By
Nick Wakeman
Haystax builds on its big data chops with the acquisition of Digital Sandbox and the addition of monitoring and risk and threat analysis capabilities.
Haystax Technology Inc. of San Jose, Calif., has acquired Digital Sandbox, a McLean, Va., provider of data analytics products for the public safety, law enforcement and corporate security markets.
The marriage builds out Haystax big data capabilities, which have been focused on helping intelligence, defense and security customers handle ever increasing volumes of information.
Terms of the acquisition were not disclosed. Haystax is owned by Edgewater Funds, a private equity group based in Chicago.
Digital Sandbox provides customers in the national security and homeland security fields with threat and risk analysis and monitoring software. The technology is used to monitor manmade and natural disasters and quantify risks and threats. It has been used at four of the last five Super Bowls, the company said.
“The accelerating variety, volume and velocity of data available can overwhelm organizations and leaders responsible for ensuring the safety of major companies and events,” William Van Vlett, CEO of Haystax said in a statement.
The sale positions Digital Sandbox to compete for opportunities it couldn’t have before, said founders Bryan Ware and Anthony Beverina.
Beverina will continue to lead the company as president and Ware will serve as chief technology officer of Haystax.
Chertoff Capital was an advisor to Digital Sandbox in the transaction.
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