Expands product technology offering in law enforcement and security markets SAN JOSE, California – April 16, 2013 – Haystax Technology, Inc. (Haystax), a portfolio company of the Edgewater Funds, today announced the acquisition of Digital Sandbox, Inc. Haystax provides multi-source information integration, big data analytics and visualization to address the challenges posed by exponential increases in data volume to customers in the intelligence, defense and security communities. The Digital Sandbox acquisition extends Haystax capabilities and products in public safety, law enforcement and corporate security markets. Digital Sandbox is a software company that has been providing threat and risk analysis and monitoring software in the National Security and Homeland Security fields since 1998. Federal, State, and Local agencies use Digital Sandbox commercial software product suites to quantify and monitor risks from natural and man-made threats, and to direct resources based on threat and risk priorities. Digital Sandbox’s suite of secure and cloud-deployable software tools provide geospatial, temporal, and real-time streaming information feeds to monitor threats and risks for field operations and special events, including four of the last five Super Bowls. William B. Van Vleet, Chief Executive Officer of Haystax, said, “The accelerating variety, volume and velocity of data available can overwhelm organizations and leaders responsible for ensuring the safety of major companies and events. We are excited to add Digital Sandbox’s technologies to provide our customers with scalable analytics to monitor hundreds of real-time news and social media feeds with mobile solutions to enable entirely new capabilities for prioritized, intelligent decision-making.” Digital Sandbox founders and partners, Bryan Ware and Anthony Beverina, added, “Together, as part of one company, we become a more powerful platform with access to defense and intelligence markets. We are now positioned to compet2e for opportunities that were, until now, beyond the capabilities of either company alone. We are very excited to join Haystax to raise the level of our service and capabilities for our customers.” Following the acquisition, Digital Sandbox will be known as Digital Sandbox, Inc., a Haystax Company, and will continue to be led by its president, Anthony Beverina. Bryan Ware will serve as the chief technology officer for Haystax Technology. The terms of the transaction were not released.
Haystax’s security analytics platform applies artificial intelligence techniques to reason like a team of analysts and prioritize risks in real time at scale for more efficient protection of critical assets.