Waltham, MA, home of my alma mater Bentley University, is now the home of a company that can say they (very) successfully integrated an acquisition. Bit9 + Carbon Black just announced that they will be changing their name to “Carbon Black” approx. two years after Bit9’s acquisition of Carbon Black.
Since the acquisition Carbon Black has grown from 12 customers, when acquired, to over 1,000. Growth of the combined entity continues to be explosive with over 70% revenue growth in 2015 (2015 revenues reached over $70 million).
Just last year the company added 200 employees (bringing their total to over 500) and they are “still hiring very aggressively“.
To date, the company has raised $174.5 million as they look toward an IPO. While the exact IPO timeline isn’t clear, I believe we will see something sooner rather than later.
Ben Kotch is a managing director and investment committee member at Acquis Capital, LLC, a private investment firm that specializes in acquisition funding. He has extensive experience with both private and public companies. Ben graduated with an economics degree from Bentley University where he concentrated in entrepreneurship and law.
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