Haystax Technology Acquires Digital Sandbox, Inc.
Expands Product Technology Offering in Law Enforcement and Security Markets
SAN JOSE, Calif., April 16, 2013 /PRNewswire-iReach/ — Haystax Technology, Inc. (Haystax), a portfolio company of the Edgewater Funds, today announced the acquisition of Digital Sandbox, Inc. Haystax provides multi-source information integration, big data analytics and visualization to address the challenges posed by exponential increases in data volume to customers in the intelligence, defense and security communities. The Digital Sandbox acquisition extends Haystax capabilities and products in public safety, law enforcement and corporate security markets.
Digital Sandbox is a software company that has been providing threat and risk analysis and monitoring software in the National Security and Homeland Security fields since 1998. Federal, State, and Local agencies use Digital Sandbox commercial software product suites to quantify and monitor risks from natural and man-made threats, and to direct resources based on threat and risk priorities. Digital Sandbox’s suite of secure and cloud-deployable software tools provide geospatial, temporal, and real-time streaming information feeds to monitor threats and risks for field operations and special events, including four of the last five Super Bowls.
William Van Vleet, Chief Executive Officer of Haystax, said, “The accelerating variety, volume and velocity of data available can overwhelm organizations and leaders responsible for ensuring the safety of major companies and events. We are excited to add Digital Sandbox’s technologies to provide our customers with scalable analytics to monitor hundreds of real-time news and social media feeds with mobile solutions to enable entirely new capabilities for prioritized, intelligent decision-making.”
Digital Sandbox founders and partners, Bryan Ware and Anthony Beverina, added, “Together, as part of one company, we become a more powerful platform with access to defense and intelligence markets. We are now positioned to compete for opportunities that were, until now, beyond the capabilities of either company alone. We are very excited to join Haystax to raise the level of our service and capabilities for our customers.”
Following the acquisition, Digital Sandbox will be known as Digital Sandbox, Inc., a Haystax Company, and will continue to be led by its president, Anthony Beverina. Bryan Ware will serve as the chief technology officer for Haystax Technology. The terms of the transaction were not released.
About Digital Sandbox, Inc.
Digital Sandbox provides analytic tools and information products to government agencies and large enterprises, enabling them to optimize their strategic, policy, and budgetary decisions for risk-based resource allocation. Digital Sandbox analytic risk management solutions help customers in the public safety, corporate, and homeland security fields lower their risk exposure, increase the impact of their risk management budgets, and maximize the effectiveness of their resources. Visit Digital Sandbox on the Web at www.dsbox.com.
About Haystax Technology
Haystax Technology, Inc. provides next generation products, systems and service solutions to sift, refine and analyze large, disparate and unstructured volumes of data to reveal undiscovered connections and enable precise, actionable intelligence for government and commercial market clients. In essence, these technologies allow users to find “the needle in the haystack” quickly and reliably. For further information about Haystax Technology, visit our website at www.haystaxtechnology.com.
About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with $1.4 billion in committed capital. Through Edgewater Growth Capital Partners, we partner with management to help accelerate growth in their businesses. Edgewater focuses on funding high quality middle market companies where we can add substantial value through our capital, our experience and our broad network. Edgewater leverages the experiences of its Partners and Advisory Board who have distinguished themselves as successful CEOs and business leaders.
Press release submitted by online press release distribution service Submitpressrelease123.com
James Doyle Haystax Technology, Inc., (408) 622-4526, email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Haystax Technology, Inc.