Featured Alumni Business: Sage Data Security, LLC
Name of Business:
Sage Data Security, LLC
Mission/ Description:
Help clients safeguard their data against attack.
Alumni Name and Contact Information:
Charlie Burckmyer M’08; charlie.burckmyer@sagedatasecurity.com
Scott Noll, BA’98 & M’08; scott.noll@sagedatasecurity.com
Located:
Portland, ME
Inspiration/ Business:
We acquired Sage after a years-long search for a high-quality, high-growth business.
How The Idea Began:
After spending countless hours white-boarding our ideal markets and targets with no material outcome, a broker contacted us with an opportunity in the space.
Favorite Thing About The Business:
You’ve probably read about hackers breaking into businesses big and small. We help our clients keep them out!
Worst Thing About The Business:
Everyone thinks they’ve got great security…until they get hacked.
Most recent business accomplishment:
We’re pretty excited about closing the Sage deal. Scott and I founded Knob Hill Partners, the search fund through which we bought Sage, shortly after we finished our MBAs at Babson. It was a long and challenging process to find the right target, and we’re fired up to take the business to the next level.
Did any Babson professors/classes influence you/your business?
Professor Kevin Mulvaney’s classes (specifically, the mergers and acquisitions class) – and the guests he invited to Babson – were a major inspiration for us to raise a search fund and buy a business. Between his war stories, the cases we worked on, and the “Buying a Small Business” search experience program, we got enough of a taste for M&A to want to get involved.