This is technology M&A deal number 572 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
MSSP, Cybersecurity And Ransomware Mitigation Capabilities
Apollo Information Systems, founded in 2002, has 28 employees listed on LinkedIn. The company, based in Los Gatos, California, is a national value-added reseller (VAR) that "provides our clients with the complete set of cybersecurity and networking services and solutions."
Apollo operates a SOC2 Certified and CMMC Compliant Security Operations Center, has Facility Security Clearance, and employs many professionals with Secret and Top Secret clearances, the company asserts.
CyberDefenses, founded in 2001, has 48 employees listed on LinkedIn. The company, based in Round Rock, Texas, offers cybersecurity services to federal, state and local government agencies, and global enterprise clientele.
The combined businesses will protect customers "against threats such as ransomware, economic espionage, and nation-state attacks," Apollo indicated.
Cybersecurity Services M&A: Executive Perspectives
In a prepared statement about the deal, Apollo CEO Mike Guglielmo said:
“Organizations need advanced skills from partners that can not only provide cogent advice but also deliver and manage security and IT operations for them, to defend what matters the most. Acquiring CyberDefenses has created a powerhouse organization of unmatched cybersecurity expertise delivered by leaders who have protected global companies and defended the country against the worst cyber threats the world faces today.”
Added CyberDefenses COO Brian Engle:
“This is truly a union of two great companies that share a common vision and work ethic, joining together cybersecurity professionals who in many cases have known and worked with each other throughout their extensive careers. We are thrilled that together Apollo and CyberDefenses will continue to provide stellar services while bringing even more capabilities to the industry in attacking the steady barrage of cybersecurity issues.”
CyberDefenses has M&A experience. The company acquired identity management firm Triumvir of Houston, Texas in 2016.