Vector Capital to Invest $100 Million in Malwarebytes to Accelerate Growth of Consumer and Corporate Cybersecurity Businesses

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it will make a strategic $100 million minority investment in Malwarebytes, a global leader in real-time cyberprotection. As part of the transaction, Vector Capital Managing Directors Sandy Gill and Dave Fishman will join the company’s Board of Directors.

Vector Capital Acquires Majority Ownership of WatchGuard Technologies

SEATTLE, July 05, 2022 (GLOBE NEWSWIRE) -- WatchGuard® Technologies, a global leader in network security and intelligence, advanced endpoint protection, multi-factor authentication (MFA), and secure Wi- Fi, today announced that Vector Capital, a leading private equity firm specializing in transformational investments in technology businesses, closed the deal to acquire interests previously owned by other co-investors. Under the new agreement, Vector Capital becomes the majority owner of WatchGuard and IPW, a European fund focused on investments in software companies and a previous investor in WatchGuard, retains its interest in the company.

Vector Capital to Acquire Majority Ownership of WatchGuard Technologies

SEATTLE, April 27, 2022 (GLOBE NEWSWIRE) -- WatchGuard® Technologies, a global leader in network security and intelligence, advanced endpoint protection, multi-factor authentication (MFA), and secure Wi-Fi, today announced that it has entered into a definitive agreement with Vector Capital to make a large new equity investment in the business, acquire interests previously owned by Francisco Partners and other co-investors, and become the company’s majority shareholder. Financial terms were not disclosed.

Credit Industry Veteran Joe Reid Joins Vector Credit as Head of Marketing and Investor Relations

SAN FRANCISCO--(BUSINESS WIRE)--Vector Credit, the credit strategy of Vector Capital focused on opportunistic and event-driven investments in telecom, media and technology (TMT) businesses, today announced Joe Reid has joined the firm as Managing Director and Head of Marketing and Investor Relations. Mr. Reid is a seasoned industry executive who was most recently a Managing Director in Marketing and Investor Relations at Monroe Capital LLC. In this role, Mr. Reid will be responsible for overseeing the firm’s credit marketing and investor relations activities.

SPAC Chat: Vector Capital

Vector Capital Makes Co-Investment in McGraw Hill Education

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, announced today it has made a co-investment in McGraw Hill Education (“McGraw Hill” or the “Company”), a global leader in educational content and digital platforms, in partnership with Platinum Equity. Platinum Equity originally acquired McGraw Hill in July of 2021.

Rocket Lab Completes Merger with Vector Acquisition Corporation to Become Publicly Traded End-to-End Space Company

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or the “Company”), a global leader in launch services and space systems, today announced that it completed its previously announced merger with Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”) to take Rocket Lab public. Vector’s shareholders approved the merger at an annual general meeting of Vector’s shareholders on August 20, 2021. The combined company will retain the Rocket Lab USA, Inc. name and will commence trading on the Nasdaq Capital Market on August 25, 2021, with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively.

Vector Acquisition Corporation Shareholders Approve Proposed Merger With Rocket Lab

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”), a global leader in launch and space systems, at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of less than 3% of its Class A ordinary shares have properly exercised their right to redeem their shares in connection with the proposed merger. As a result, the gross amount of cash that that the combined company will receive from Vector’s trust account and concurrent PIPE financing upon the closing of these transactions, before transaction expenses, will equal approximately $777 million.

Vector Capital Strengthens Investment and Investor Relations Teams With Five Promotions and New Senior Hire

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has promoted five individuals across its investment and value creation teams. Sandy Gill has been promoted to Managing Director, and Stephen Goodman, Amir Ravandoust, Gabriel Shields-Estrada, and Tom Smith have been promoted to Principal.

Vector Acquisition Corporation Announces Effectiveness of Registration Statement and Annual Meeting

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.