Comcast announced Monday it acquired Arlington, Va.-based BluVector, makers of a cybersecurity platform for companies and government agencies, from Philly-based private equity firm LLR Partners.
No financial details were released from the sale to Comcast, though two years ago LLR Partners committed $50 million in funding into BluVector, as it acquired the company from aerospace and defense tech giant Northrop Grumman.
“BluVector is a global leader in leveraging AI and machine learning to defend against advanced cyber threats,” said Don Mathis, general manager of growth at Comcast. “We’re thrilled that BluVector is part of Comcast and are excited to support its continued growth, even as we explore new opportunities to leverage BluVector technology and expertise.”
Emails and calls to Comcast and LLR Partners inquiring about the transaction were not immediately responded.
— BluVector, A Comcast Company (@BluVector) March 5, 2019
As part of the move, Comcast appointed Eric Malawer as CEO of BluVector. Malawer, an experienced exec and founder who’s been with Comcast for two years, was general manager of security growth and innovation, and spearheaded Comcast’s AI and data strategy prior to that.
Emarketing company Monetate will be acquired by a Dallas-based cloud biz
On the Market: Cybersecurity and conscious capitalism are so hot right now
Penn is launching a 24-week cybersecurity bootcamp
These hiring companies want to meet you at NET/WORK Suburbs
Aramark just bought an on-demand food delivery service app
This cybersecurity firm is expanding its Philly HQ and adding a Rochester office
Here’s everything we know about the Philly courts website shutdown
Mastering the ‘halo effect’ in tech recruiting
Sign-up for daily news updates from Technical.ly Philadelphia