Niche media firm Marriott Harrison has added fresh instructions to its work for digital risks insurer Safeonline. Building on its two-year relationship with the insurer, Marriott Harrison advised Safeonline on the investment from VeriSign Capital Management for an undisclosed amount.
The deal brings together two key players from their respective fields, creating a link between a company specialising in insurance products for those relying on technology and an internet security business. The transaction was subject to additional complications resulting from the involvement of incumbent investors. Another layer of complexity came from an extension to the main transaction. In tandem with the principal investment, Safeonline’s US subsidiary, Safeonline LLC, entered into a distribution and linking agreement with eCentreCom Association.