Private Investor Group Purchases Commercial Cyber Security Provider, SilverSky

General News

Summary

MORRISVILLE, N.C.--(BUSINESS WIRE)--A private investor group completed the purchase of the cyber security provider, SilverSky, on November 3rd, 2020. Richard Dobrow, most recently co-Founder of outSOC, a leading SOC-as-a-Service platform and past CEO of Perimeter eSecurity (later renamed SilverSky) along with Cary Conrad, former President of Integralis AG (sold to NTT Communications Corp.) led the initiative to acquire the Company along with support from members of the current management team. Richard will assume the role of the Company’s Chairman & CEO while Cary will lead business development initiatives. "Many of our original customers are still with the Company and we are thrilled to be in a position to re-engage with them and assist them in driving their businesses forward.” SilverSky provides comprehensive commercial cyber security services focused on organizations with strict security and compliance requirements such as banks, credit unions and other financial institutions. DC Advisory acted as exclusive financial advisor to BAE Systems and SilverSky.

Classifications

industries
Fintech & Banking
applications
Data Management

AskAI Classifications

Labels
Cybersecurity Software SaaS Security Platform

Linked Companies

SilverSky
$25M to $50M