MSSP ProArch Acquires Data Protection Company Trum & Associates
This is technology M&A deal number 18 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.
ProArch, founded in 2007, is based in Atlanta, Georgia. The company has 386 employees listed on LinkedIn. ProArch’s areas of expertise include cybersecurity, compliance, cloud, infrastructure, data, artificial intelligence and software development.
Trum, founded in 2010, is based in Destin, Florida. The company is not listed on LinkedIn. Trum’s areas of expertise include data security, HIPAA, PCI, GDPR and CPRA/CCPA.
ProArch Expands Cybersecurity, GRC Practices
Trum provides ProArch with cybersecurity and governance, risk and compliance (GRC) capabilities that the company can use “to secure enterprise data to prevent data breaches,” the businesses said. In addition, Trum supports ProArch’s mission to establish a culture that promotes securing corporate data.
Going forward, Trum will allow ProArch to deliver “enhanced data protection… to ensure that business data is secure, available and compliant wherever it resides,” ProArch CEO Santosh Kaveti stated. Trum also will help ProArch create security solutions that global organizations can use to guard against long-term risks, prevent financial losses and brand reputation damage and comply with various data security mandates.
ProArch Receives a $25 Million Growth Investment
The Trum acquisition comes after ProArch in February 2022 secured a $25 million growth investment from debt and minority financing solutions provider MSouth Capital. ProArch is using the investment to execute on its growth strategy and expand its offerings, the company indicated.
ProArch offers managed detection and response (MDR), attack surface reduction and other cybersecurity solutions. It has a partnership in place with Microsoft but does not currently offer a partner program.