Drinker Biddle has advised long-standing client Inverness Graham in the sale of Spirion LLC, a leading provider of enterprise data management security software, to the Riverside Company. Spirion helps customers reduce their sensitive data footprint and minimize risks of cyber-attacks. Its customers include leading firms in the financial services, retail, health care, education, and public sectors. Inverness Graham, a private investment firm based in suburban Philadelphia, acquired Spirion in December 2014.
"We are very pleased with the team's accomplishments at Spirion during our three-year hold," stated Trey Sykes, Managing Principal of Inverness Graham. "The company was able to accelerate growth by both expanding their product capabilities and successfully penetrating strategically targeted, high-value vertical markets.”
Link to press release: http://www.invernessgraham.com/docs/IGI_Spirion_Exit.pdf