The McLean Group Advises Emagined Security on its sale to Neovera a 424 Capital Company
![The McLean Group advised Emagined Security on its recent acquisition by Neovera, a 424 Capital portfolio company [...]](https://mcleanllc.com/wp-content/uploads/2024/07/Emagined_acq_by_Neovera-211x300.jpg)
McLean, VA – July 17, 2024 – Neovera, the trusted advisor that provides full cybersecurity and cloud services to enterprises, today announced the acquisition of Emagined Security, a leading provider of professional services for information security and compliance solutions in highly regulated industries. Together, Neovera and Emagined Security will combine resources and knowledge to tackle the challenges of the ever-evolving cybersecurity landscape and regulatory requirements, especially within the financial, healthcare and government markets.
“This is a strategic move that builds on other recent acquisitions, strengthening our cybersecurity arsenal to better address the needs of our customers,” said Scott Weinberg, CEO, Neovera. “Emagined Security has deep cyber expertise and a proven track record of success addressing clients’ most complex and mission critical security needs. This acquisition allows us to expand the redundancy and capability of our Security Operations Center (SOC), reinforcing our commitment to address the challenges security professionals face in highly regulated industries.”
The integration of Emagined Security’s services also amplifies Neovera’s existing capabilities in penetration testing, vulnerability assessments and management, threat intelligence, security operations consulting, and increases its incident response capabilities to contain and eradicate cyber threats from customers’ environments.
“This is the perfect fit for Emagined Security,” said David Sockol, CEO, Emagined Security. “After careful consideration, we believe our capabilities and team align seamlessly with Neovera’s vision. By joining forces with Neovera, we will provide organizations in highly regulated industries with advanced, customized security services designed to meet the unique challenges of their industry and protect their sensitive data.”
Neovera offers a holistic approach to managed services that addresses the complex cybersecurity needs of enterprises where maintaining operational integrity, security, and performance is paramount to business success and stakeholder trust. Backed by a team with two decades of hands-on experience engineering and implementing secure IT infrastructure, Neovera provides full lifecycle management and monitoring of customers’ environments to protect sensitive data, comply with industry regulations, and focus on core operations while responding quickly to sophisticated threats.
The news comes on the heels of Neovera’s acquisition of 10-D Security and AppliedCS, underscoring the company’s commitment to expanding its capabilities and further solidifying its leadership position in cybersecurity.
Neovera currently comprises more than 130 professionals in the United States and partners with more than 500 clients worldwide, including many of the most respected market leaders across technology, financial services and healthcare industries.
The McLean Group LLC served as exclusive financial advisor to Emagined Security
About Neovera
About Emagined Security
About The McLean Group
For over 30 years, The McLean Group has been providing investment banking and financial services offerings focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, Maritime, Facility Services, Unmanned Systems, and Public Safety markets. Our 60+ professionals bring deep industry experience and relentless execution to every client engagement. We provide solutions that blend financial creativity with operational expertise. Whether we are providing transaction advisory, valuation opinions, or growth capital, our services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
PCC Elections for Private Company Acquisitions: What PE Sponsors, Portfolio Company CFOs, and Their Advisors Need to Know Before Making the Call
Private Company Council (PCC) accounting elections offer PE-backed companies a meaningful opportunity to reduce the scope and cost of purchase price allocation work, but the decision carries long-term implications that extend well beyond the close. Under ASU 2014-02, private companies may amortize goodwill on a straight-line basis over up to 10 years, eliminating the burden of annual impairment testing. Under ASU 2014-18, customer-related intangibles and noncompetition agreements may be subsumed into goodwill rather than separately recognized and valued. Together, these elections can streamline acquisition accounting and lower ongoing audit and compliance costs, but they also introduce restatement risk if the portfolio company later pursues an IPO or is acquired by a public buyer. For PE sponsors, the decision should be evaluated in the context of the fund’s exit thesis and applied consistently across portfolio companies. […]
Revenue Looks Strong on Paper – But ASC 606 Compliance in Construction Tells a Different Story
Revenue looks strong on paper – but ASC 606 compliance in construction tells a different story. In this case study, The McLean Group’s Financial Consulting and Transaction Due Diligence teams walk through a real construction services engagement where a project-level ASC 606 review surfaced a pattern of revenue recognition issues that materially changed the earnings picture. We examine the KPIs that matter most, including cost-to-complete accuracy, change order approval rates, and over and under billing trends, and explain why ASC 606 compliance deserves the same rigor in diligence as working capital analysis or debt-like items. […]
Purchase Price Allocations Under ASC 805: What Every PE-Backed CFO and Deal Team Needs to Know
A purchase price allocation (PPA) is the first post-close workstream that directly affects reported EBITDA, lender covenant calculations, and eventual exit valuation for PE-backed acquirers. Under ASC 805, every acquisition requires the buyer to allocate the total purchase price to identifiable assets and liabilities at fair value — including intangibles that never appeared on the target’s balance sheet. For middle-market deals, identified intangibles commonly represent 30–60% of total consideration, and each carries its own valuation methodology, useful life assumption, and amortization consequence. The McLean Group’s Valuation Advisory team breaks down what every CFO, controller, and deal team needs to know about getting the allocation right the first time. […]