M&A: GoVanguard Acquires Penetration Testing Company Gotham Security

GoVanguard, a security awareness and protection solutions company, has purchased boutique cybersecurity firm Gotham Security. Both companies are based in New York. Financial terms of the deal were not disclosed.

This is M&A deal number 506 that MSSP Alert and ChannelE2E have covered thus far in 2021.

GoVanguard and Gotham Security each have eight employees listed on LinkedIn.

What Is Gotham Security?

Gotham offers security assessments that leverage global threat intelligence and dark web research, the company said. These assessments include:

  • Penetration Testing: Identifies potential social engineering attacks, physical security liabilities, insider threats and advanced persistent threats.
  • Phishing Assessment: Analyzes an organization’s phishing vulnerability and provides reports on user behavior, areas of weakness and improvement and progress.
  • Vulnerability Assessment: Evaluates vulnerabilities within an organization’s systems and recommends mitigation procedures to address them.

Gotham also provides compliance and risk management services customized to the requirements of organizations within financial services, healthcare and retail, the company indicated. These services help organizations develop and implement security programs and comply with industry mandates.

GoVanguard Acquires Gotham Security: Executive Perspectives

Blake Shalem, COO, Gotham Security

Mahdi Hedhli, CEO, GoVanguard

In a prepared statement about the deal, GoVanguard CEO Mahdi Hedhli said:

“Gotham Security has been a close partner for years and this was a natural next step to allow our red-teaming experts to take our clients’ defenses to the next level and continue our dedication to finding the security gaps before cybercriminals do.

We’re doubling down on our commitment to improve the cybersecurity landscape by honing our focus on red teaming. We feel this is the area where GoVanguard makes the biggest impact for our clients and the industry as a whole.”

Added Gotham Security COO Blake Shalem:

“This move allows us to elevate what we do best, which translates to a superior class of protection for our clients,” said Blake.

Shalem transitions to GoVanguard as chief customer officer.

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