AGC Partners Advises Cloakware on its Sale to Irdeto Access

America’s Growth Capital is pleased to announce that its client, Cloakware Inc., a Vienna, VA-based developer of tamper-resistant, secure Digital Rights Management software, has been acquired for an undisclosed amount by Irdeto Access B.V. (Irdeto), a leading digital content provider and a subsidiary of Naspers Ltd. (JSE:NPN). With a team led by Maria Lewis Kussmaul and Scott Card, America’s acted as sole financial advisor to Cloakware.

AGC did an exceptional job of keeping this complex deal on the rails, working through two sides—initially far apart—and bringing them close enough to find a way to complete a deal that worked for both. Jeff Waxman, who, as CEO of Cloakware

AGC acted as sole financial advisor to Cloakware in December, 2007