BC Partners and Medina Capital agreed to acquire Brainspace Corporation, a privately-held machine learning and analytics company based in Addison, Texas.
Brainspace will become part of the new joint venture global cybersecurity company providing software, services and infrastructure. The joint venture includes a portfolio of 57 data centers to be acquired from CenturyLink, along with the acquisition of Medina Capital's portfolio of security and data analytics companies.
"In today's globally-connected, cloud-enabled world, there is a huge challenge and untapped value in being able to surface insights, answers, and threats in unstructured data. With exponential increases in the volume, velocity, and complexity of data, the challenge seems almost insurmountable," said Dave Copps, Chief Executive Officer at Brainspace. "Our products directly address this need through augmented intelligence. Brainspace Discovery 5 utilizes interactive data visualization as a sort of lingua franca connecting people with machine learning and radically improving their productivity. This new venture further validates our mission at Brainspace. With a global footprint of world-class data centers and cybersecurity expertise, Brainspace will be empowered to deliver machine learning, powerful user experiences, and next-generation investigative tools to an even larger number of enterprises and government agencies."