Sollensys, a "disruptive data" company that specializes in cybersecurity blockchain technology, has purchased financial services IT provider Celerit for an undisclosed sum. The buyer expects to finalize the acquisition by the end of 2021.
This is technology M&A deal number 697 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Celerit's has 51 employees listed on LinkeIn. That team, intellectual property and assets will join Sollensys, and help the buyer provide cyber protection to banks and other financial institutions.
What Is Celerit?
Celerit provides IT services to financial institutions that earn anywhere from $50 million to $50 billion annually, the seller indicated. It helps these institutions develop and maintain networks in accordance with various audit and security requirements.
Financial institutions can use Celerit's managed network service to secure their IT infrastructure, the company noted. The service includes IT infrastructure management and hosting, network health management and cybersecurity capabilities.
In addition, financial institutions can leverage Celerit's managed services across their production applications, the company stated. These services provide financial institutions with access to experts, tools and methods to help them manage their technology and operational activities.
What Does the Celerit Acquisition Mean for Sollensys?
Sollensys is a publicly traded commercial blockchain application company. It provides the Blockchain Archive Server, which prepares data for blockchain encryption.
Blockchain Archive Server uses two blockchain networks to ensure that both data and keys are encrypted, Sollensys stated. As such, the server offers an immutable and indestructible data archive.
The Sollensys website doesn't mention a channel partner program.