Optiv Security Acquires Conexsys; Supports Global Business Growth Strategy by Accelerating Investment in Canada
November 13 2017 - 2:05PM
Business Wire
-- Leading Cyber Security Company Expands Local
Expertise and Capabilities to Better Optimize Public and Private
Entities’ Security Investments --
Optiv Security, a market-leading provider of end-to-end cyber
security solutions, today announced that it is continuing to
accelerate its growth strategy by acquiring Conexsys, a
Toronto-based security and networking solutions provider. This
acquisition increases Optiv’s ability to serve Canadian, U.S. and
global clients with expanded skills, knowledge and presence.
Additionally, Optiv enhances its vertical presence in government
markets, with the strong business relationships Conexsys brings
with the Canadian government. The transaction allows Optiv to serve
private and public entities in Canada with more local resources and
immediate access to Optiv’s comprehensive service offerings that
help remove complexity, align the right technology and process to
business needs, and optimize security investments to minimize cost
and maximize protection. The terms of the transaction are not being
disclosed.
“Many Canadian organizations have magnified their investment and
focus on cyber security but are finding it increasingly challenging
to protect against the sophisticated threat landscape,” said Cheryl
McGrath, Optiv’s country general manager for Canada. “Canadian
companies need the right expertise from a partner that can bring
clarity to the cyber security landscape, which can sometimes feel
chaotic and complex. Together, Optiv and Conexsys provide expansive
local coverage in Canada to help organizations navigate a myriad of
products and technologies, and evaluate their infrastructures and
operations to develop safer, saner and more strategic paths
forward.”
“Conexsys has been committed to serving the Canadian government
and large Canadian companies with exceptional technical expertise
and high-quality services for more than 30 years,” said Michael
Yassin, president of Conexsys. “By joining Optiv, we are gaining
access to a number of holistic service offerings that enable us to
perform comprehensive security optimization—from strategy and
planning straight through to implementation and management. We are
very excited about this transaction and what it allows us to bring
to the Canadian market.”
WeirFoulds LLP and Holland & Hart LLP served as legal
advisors to Optiv on the transaction.
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https://www.optiv.com/optiv-advisor
About Optiv SecurityOptiv is a market-leading provider of
end-to-end cyber security solutions. We help clients plan, build
and run successful cyber security programs that achieve business
objectives through our depth and breadth of cyber security
offerings, extensive capabilities and proven expertise in cyber
security strategy, managed security services, incident response,
risk and compliance, security consulting, training and support,
integration and architecture services, and security technology.
Optiv maintains premium partnerships with more than 350 of the
leading security technology manufacturers. For more information,
visit www.optiv.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113006071/en/
Optiv SecuritySusan Vaillancourt,
603-459-8906susan.vaillancourt@optiv.comorLauren Howe,
443-519-5455lauren.howe@optiv.com
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