IPKeys Acquires Cyber Monitoring Leader N-Dimension and Secures Investment from EnerTech Capital
November 18, 2019 – England & Company served as the exclusive financial advisor to IPKeys Power Partners (“IPKeys”), a leading provider of meter data management, cyber security, and demand management, in its acquisition of N-Dimension Solutions, Inc.
N-Dimension is a public power sector leader in cyber security monitoring with 100 utilities served. Ontario-based N-Dimension will merge into the IPKeys Power Partners platform, while continuing to serve current customers. The acquisition adds a robust cyber threat detection and remediation capability to IPKeys’ existing Cyber Lab as a Service (IPKeys CLaaS) which provides a broad range of cybersecurity services and solutions to utilities and large municipal and public safety organizations throughout North America. Earlier this year, IPKeys acquired SigmaFlow to add an automated NERC-CIP compliance capability to their CLaaS offering. England & Company also served as IPKeys’ financial advisor on that transaction.
The N-Dimension transaction included an equity investment in IPKeys from Enertech Capital, a leading venture capital firm focused on investing in emerging companies essential to energy innovation. EnerTech’s investment landscape includes Digital Networks, Connected Buildings, Mobility, and Optimization.
“The integration of N-Dimension into our CLaaS platform enables IPKeys to provide customers with a more robust and comprehensive cybersecurity solution,” said Robert Nawy, CEO of IPKeys. “The investment by EnerTech is especially advantageous because of their proven ability to also provide strategic support and exposure to their influential network of strategic partners.”
IPKeys, founded in 2005 and co-headquartered in Eatontown, NJ and Stafford VA, is a strategic partner to public and private entities in the energy, DOD, federal, and commercial sectors and delivers expertise in the development, integration, and deployment of cyber secure Internet Protocol technology and communications systems.
IPKeys Power Partners, a wholly owned subsidiary of IPKeys, provides the utility, energy and municipal public safety sectors with Meter and Operational Data Management, Cyber Security, Public Safety Network Engineering and Electricity Demand Management and Demand Response services.
N-Dimension is a market leading Managed Detection and Remediation Services (MDR) provider with innovative solutions tailored to protect IoT, IT, and OT networks from cyberattacks, improving system reliability, and safeguarding critical infrastructure, data, and assets.
About EnerTech Capital
EnerTech Capital is a private investment firm focused on innovation in the energy and technology industries, investing in mid-stage venture companies offering products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million through four funds and has delivered 42 exits. EnerTech Capital has a strong focus on energy innovation and technology related opportunities in North America.
About England & Company
With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.