February 23, 2017
Congratulations to the BlueCat team for a great outcome. Trident Capital was proud and honored to partner with the Hyatt Brothers, Micheal Harris and Andrew Wertkin to build one of the most successful Canadian software companies.
The best is yet to come for BlueCat… as they drive their global leadership in DNS Security and management
One of Canada’s most successful emerging technology companies, BlueCat Networks, Inc., has been sold for almost $400-million to U.S. private equity firm Madison Dearborn Partners LLC in the latest in a string of foreign takeovers in the sector. Co-founders Michael Hyatt, 43, and brother Richard Hyatt, 44, will pocket the majority of the proceeds and retain a minority stake. Michael Hyatt will also remain a BlueCat director. The deal for the company, whose server technology is used by about 1,000 large corporate and government customers to connect their users and devices securely to Internet-based applications and services, will be announced Thursday.
