Crimson74, a managed security companies provider centered in New Jersey, has been acquired by cybersecurity consulting and managed providers firm Cerberus Cyber Sentinel Corporation.
The fiscal phrases of the acquisition were being not disclosed when the offer was declared on Thursday.
Crimson74 is a privately held firm whose clientele are primarily in the economical companies and distribution/warehouse administration sectors. It was launched in the summer of 2009 and operates from an business office in Pennington.
The firm’s staff supplies facts technology managed solutions and important IT security administration skills to modest and medium-sized enterprises (SMBs) in New Jersey, Manhattan, and Jap Pennsylvania.
Under the phrases of the settlement, Purple74 will carry on to be based in New Jersey but will turn out to be a wholly owned subsidiary of Cerberus Sentinel, which is sited in Scottsdale, Arizona.
“A solid cybersecurity stance is crucial not only to IT resource administration, but to the core business enterprise capabilities of all companies,” claimed Tim Coleman, president of Crimson74.
“We are thrilled to be a element of the Cerberus Sentinel workforce and add to the mission of ensuring the security and ongoing accomplishment of our customers.”
David Jemmett, CEO and founder of Cerberus Sentinel, explained Coleman’s enthusiasm for the deal was catching.
“RED74 is an fantastic addition for the Cerberus portfolio of firms,” mentioned Jemmett. “Tim has constructed a strong staff, and we know his continued support in the Cerberus Sentinel family members will have a great impression.”
Jemmett included: “Tim’s pleasure to be a part of a national agency is contagious. Operating with him and his crew has been and will keep on to be a enjoyment.”
Red74 isn’t the only security acquisition to be created by Cerberus Sentinel. In August, Cerberus snapped up VelocIT, a managed security services supplier, also based mostly in New Jersey.
That offer followed Cerberus Sentinel’s December 2020 acquisition of Alpine Security, a St. Louis, Missouri–based cybersecurity expert services service provider.
A spokesperson for Cerberus Sentinel said: “The business is swiftly growing by obtaining entire world-class cybersecurity, secured managed services, and compliance organizations with major-tier talent that make the most of the most recent technology to produce impressive methods to guard the most demanding enterprises and authorities organizations in opposition to continuing and emerging security threats and compliance obligations.”
Some parts of this article are sourced from:
www.infosecurity-journal.com