Newtown Lane Marketing (Newtown) and Appgate have entered into a definitive merger agreement. The deal will see Appgate become a public company with significant financial resources to accelerate growth, scale, and go-to-market strategies.
Newtown Lane Marketing, Incorporated (“Newtown”) and Appgate (the “Company”), an industry leading secure access company, today announced that they have entered into a definitive merger agreement. Upon consummation of the transaction, Appgate will become a public company with significant financial resources to accelerate growth, scale, and go-to-market strategies. Appgate also announced that a leading alternative investment manager with over $12.5 billion in assets under management is investing up to $100 million in convertible notes at a $1 billion post-money valuation.
Appgate was spun out of Cyxtera Technologies as a standalone company in January 2020 to accelerate its efforts in the rapidly changing cybersecurity industry. Today, Appgate is well positioned to capture long-term growth in the Zero Trust cybersecurity market that is expected to reach $38 billion by 2025. Cybersecurity has never been more important or more in focus, and Appgate’s Zero Trust solutions ensure that network access is based on least-privileged access and movement within is eliminated, reducing the risk of attack even with greater numbers of remote workers and broader cloud adoption.
Source: Business Wire
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