Capstone Partners Advised Covail (Columbus Collaboratory LLC) on Its Sale to GoSecure, Inc.

Boston, MA - Headquartered in Columbus, Ohio, Covail was founded in 2015 with investments from seven of the largest companies in Central Ohio to provide collaborative solutions to common artificial intelligence (AI) and cybersecurity challenges facing their respective businesses, as well as other customers.

Covail’s experts in AI, automation, cybersecurity, and risk management work with enterprises to help create intelligent operations that are more secure, automated, and data-driven through professional services and proprietary technologies in risk management and machine learning-based cybersecurity attack detection. By leveraging its collaborative partnering approach and results-driven methodologies, Covail was able to attract a high-end enterprise customer base and successfully deliver results on over 1,000 client engagements and collaboration sessions since its formation.

Covail turned to Capstone Partners to advise the Company on its strategic options. Given Covail’s unique investor base, Capstone quickly realized that partnering with the Special Situations Investment Banking (SSIB) group would ensure that it achieved the client’s strategic objectives, including: (i) sustaining a commitment to expand operations in the Columbus, Ohio, region, (ii) preserving and expanding opportunities for Covail employees, (iii) securing a strong ideological and cultural fit, and (iv) maximizing shareholder value.

“David Brinkley and the Capstone team were great partners that enabled us to expand our strategic alternatives and effectively navigate the cybersecurity ecosystem to arrive at a successful transaction for our board.,” said Matt Wald, President & CEO of Covail.

“David’s and the Cybersecurity team’s deep sector experience combined with SSIB’s experience in designing and executing highly competitive transaction processes resulted in multiple buyers recognizing the company’s expertise and value proposition in security, artificial intelligence and automation,” added Jamie Lisac, a Managing Director and leader of Capstone’s SSIB group.

Based jointly in Montreal, Canada, and San Diego, California, GoSecure is a recognized cybersecurity leader and innovator, pioneering the integration of endpoint, network, and email threat detection into a single Managed Detection and Response service. For over 10 years, GoSecure has been helping customers better understand their security gaps and improve their organizational risk and security maturity through MDR and Advisory Services solutions delivered by one of the most trusted, skilled and experienced team in the industry, visit www.gosecure.net.

About Capstone Partners

Capstone Partners is one of the largest independently owned investment banking firms in the United States. For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of expert investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company's lifecycle. Capstone's services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. and an international presence including over 450 professionals in 43 countries. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams on a global basis. For more information, visit www.capstonepartners.com.

FOR MORE INFORMATION CONTACT:

David Brinkley
Managing Director
Cybersecurity
917-817-0375
dbrinkley@capstonepartners.com

Jaime Lisac
Managing Director
Special Situations Investment Banking
312-925-6363
jlisac@capstonepartners.com

Thomas McConnell
Managing Director
Cybersecurity
303-886-2279
tmcconnell@capstonepartners.com