2 minute read | February.14.2024
Turn/River Capital has sold CoSoSys to Netwrix Corporation, a cybersecurity vendor focused on data security.
Orrick represented Turn/River Capital.
CoSoSys’ flagship product, Endpoint Protector, discovers and secures sensitive data, in motion and at rest, on user workstations and laptops using content inspection, contextual scanning and granular USB and peripheral control.
Terms of the deal were not disclosed.
Headquartered in San Francisco, Turn/River Capital is a technology-focused private equity firm built by a team of software operators and investors. Turn/River’s playbooks reliably and rapidly unlock transformational growth, producing market-leading companies and building lasting value.
In 2020, Turn/River acquired CoSoSys to accelerate development and enterprise market expansion for Endpoint Protector.
“After several years collaborating side by side with the CoSoSys team to accelerate growth, we are thrilled to see them embark on their next chapter with Netwrix,” said Joanne Yuan, a Turn/River partner. “CoSoSys’s deep expertise in data loss prevention will be a strong addition to Netwrix’s endpoint offering.”
Netwrix solutions have been simplifying the lives of security professionals since 2006 by enabling them to identify and protect sensitive data to reduce the risk of a breach, and to detect, respond to and recover from attacks, limiting their impact.
With this acquisition, Netwrix expands its endpoint offering to include data loss prevention.
Netwrix customers will benefit from Endpoint Protector’s ability to protect sensitive data from unauthorized sharing and loss with functional parity across Windows, macOS and Linux endpoints. Netwrix customers will be able to reduce their attack surface by gaining insight into how their business-critical data is shared, stored and processed on users’ endpoints.
CoSoSys customers will be able to strengthen their security posture with Netwrix’s extensive product portfolio, which covers all five NIST functions. They will be able to identify and classify their sensitive data, prioritize their security efforts to protect what matters most, promptly detect and respond to suspicious activity, and recover faster from incidents.
The Orrick team that advised Turn/River included Danny Lopez, Max Hyatt, Maureen Harmon, Sky Stallbaumer, Matthew Gemello, Justin Montis, Derek Jones, Sojin Kim, Eric Wall, Kim Loocke, Jason D. Flaherty, Keith A. Tidwell, Karen Cannon, Sarah Schaedler, Danny Healow, David Devich, Shannon Yavorsky, Matthew Coleman, Harry Clark, Maria Sergeyeva, Greg Hume, Anna Aryankalayil, Danielle Mangogna, Adrian Dengler and Deborah Ann Abernathy.