Clearwater Acquires TECH LOCK
New York, NY—Clearwater, an operating company of Altaris Capital Partners, LLC (collectively with its affiliates, “Altaris”), announced today that it has completed the acquisition of TECH LOCK, an industry-leading provider of managed detection and response (MDR), and compliance services, in a carve-out transaction from RevSpring.
Clearwater is the leading provider of cybersecurity, risk management, and HIPAA compliance solutions for the healthcare industry. The addition of TECH LOCK’s 24/7 MDR service and security operations center (SOC) analysts will expand on Clearwater’s capabilities and offerings as a healthcare cybersecurity and compliance solutions provider. TECH LOCK previously operated as a subsidiary of RevSpring, a patient engagement and payment solutions provider.
ArentFox Schiff LLP served as legal counsel to Clearwater and Waller Lansden Dortch & Davis, LLP served as legal counsel to RevSpring and TECH LOCK.
Altaris is a healthcare investment firm with an exclusive focus on building companies that deliver value to the healthcare system through innovation and efficiency. Since inception in 2003, Altaris has invested in more than 45 healthcare companies which have generated significant value appreciation for investors. Altaris is headquartered in New York City and manages $5.0 billion of equity capital. For more information, please visit www.altariscap.com.