Tech-enabled cybersecurity services company CyberMaxx has announced the acquisition of CipherTechs for an undisclosed amount.
This is technology M&A deal number 58 that ChannelE2E has covered so far in 2023. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
CyberMaxx Acquires CipherTechs
CyberMaxx, founded in 2003, is based in Nashville, Tennessee. The company has 31 employees listed on LinkedIn. CyberMaxx’s areas of expertise include cybersecurity, MSSP, managed security service provider, healthcare cybersecurity provider, legal cybersecurity provider, financial cybersecurity provider, managed detection and response services, network security, endpoint detection and response (EDR), vulnerability risk management (VRM), digital forensics & incident response (DFIR), and security information and event management (SIEM).
CipherTechs, founded in 2001, is based in New York City. The company has 81 employees listed on LinkedIn. CipherTechs’ areas of expertise include governance, risk & compliance, offensive & defensive security, managed & EDR services and product procurement.
CipherTechs now goes by the name “CipherTechs, A CyberMaxx Company.” The companies say they have “joined forces” to provide a range of cybersecurity solutions including offensive, defensive, digital forensics/incident response and governance, risk & compliance security services.
CyberMaxx’s New CEO
The company also announced the appointment of Brian Ahern as CEO. Ahern is a three-time CEO with over two decades of cybersecurity experience. He has a proven track record of leading and growing disruptive technology companies including Threat Stack (acquired by F5), Industrial Defender (acquired by Lockheed Martin), and Simulation Sciences, according to the company.
Brian Ahern, CEO, CyberMaxx, commented on the deal:
“CyberMaxx and CipherTechs have been around for more than two decades and have each built an incredible team and industry-leading offerings. Many companies today offer offensive or defensive solutions, but few have the full breadth we’ve brought together under a single umbrella. Bringing CipherTechs into the CyberMaxx family was a natural fit and strengthens our ability to proactively find vulnerabilities to create a strong defense for our customers. Taking a ‘hacker mindset’ provides the greatest protection for our customers and shapes our full spectrum of offerings.”