FSN Capital sells Norman Shark

FSN is invested in Norman via its FSN III vehicle. During FSN Capital's holding period, Norman Shark has invested in R&D and expanded its US sales operations.

Blue Coat, a business assurance technology company, was looking for cyber-security products to complement its existing offering, and was attracted to Norman Shark due to its IP and R&D team.

In January this year, Norman's wholly-owned subsidiary Norman Safeground was also spun out.

Company
Established in 1984 and based in Lysaker, Norman is a Norwegian IT security company. Its Norman Shark subsidiary provides malware analysis solutions.

People
Greg Clark is the CEO of Blue Coat Systems. Stein Surlien is the CEO of Norman Shark.

Advisers
Vendor - Haavind (Legal); Vinge (Legal); PwC (Financial due diligence).

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