HelpSystems Acquires Fox Technologies to Expand Cybersecurity Portfolio

Acquisitions

Summary

MINNEAPOLIS, Dec. 13, 2017 (GLOBE NEWSWIRE) -- HelpSystems announced today that it has acquired Fox Technologies, a solution provider in the cybersecurity industry since 2001, from Parallax Capital Partners.“Opportunistic employees often gain unauthorized access to critical information due to weak or poorly enforced security policies,” said Chris Heim, CEO, HelpSystems.This solution adds to HelpSystems’ growing cybersecurity portfolio, which features anti-virus, vulnerability and security scanning, and managed file transfer for Unix and Linux-based platforms.Ultimately, HelpSystems believes it will be able to help organizations worldwide keep systems and data safe on hundreds or thousands of servers with fewer resources required.“We’re pleased to be joining the HelpSystems family and are impressed by how their array of solutions helps solve pressing problems for IT organizations,” said Vic Shepherd, CEO, Fox Technologies.

Classifications

industries
No industries detected
applications
Business Intelligence

AskAI Classifications

Labels
No AI classifications detected

Linked Companies

HelpSystems, LLC
$100M to $250M