We are advising BlueVoyant on the acquisition

Davis Polk is advising BlueVoyant, Inc. on its acquisition of Conquest Cyber from United Data Technologies, Inc. (UDT). Terms of the deal were not disclosed. In connection with the acquisition, BlueVoyant raised more than $140 million in Series E funding. The additional funding was led by existing investors, Liberty Strategic Capital, a private equity firm, and ISTARI, a cybersecurity investor and adviser founded by Temasek. Eden Global Capital Partners, an affiliate of Eden Global Partners, served as a strategic adviser.

Founded in 2017 with a mission to solve some of the most pressing cybersecurity challenges facing companies and government entities, BlueVoyant offers an end-to-end internal and external cyber defense platform for enterprises. Headquartered in New York City with offices across the globe, BlueVoyant has grown to more than 650 employees spanning five continents.

Founded in 2008 and based in Nashville, Tennessee, Conquest Cyber is a cybersecurity company renowned for its innovative SaaS technology, including the company’s flagship product, ARMED ATK. Conquest Cyber seeks to streamline risk management, and has proven successful within high-security environments, including the U.S. Defense Industrial Base and government organizations.

Founded in 1995 and based in Doral, Florida, UDT is an IT consulting firm that helps clients in major industries evaluate, architect, secure and manage their IT infrastructure.

The Davis Polk corporate team includes partner Louis Goldberg, counsel Daisy Wu and Michael Senders and associate Roderick Sheng. Partner David H. Schnabel and associates Liang Zhang and Yueyu Yang are providing tax advice. The finance team includes partner Sanders Witkow and associate Christina C. Bell. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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