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Optiv Security Bolsters Northeast Presence with Comm Solutions Acquisition
DENVER – March 20, 2017 - Optiv Security, a market-leading provider of end-to-end cyber security solutions, today announced that it has acquired Comm Solutions, a premier regional provider of enterprise-level security and networking technology, services and solutions. The transaction significantly strengthens Optiv’s local and regional sales and services delivery capabilities in the northeast, predominantly in Pennsylvania, Delaware, New Jersey and New York. As a result, companies in that region will have more local access to Optiv’s comprehensive suite of offerings to better plan, build and run successful cyber security programs. Comm Solutions will continue to operate as a standalone company until integration is complete in the second half of 2017. The terms of the transaction are not being disclosed.
“Optiv is focused on helping clients solve their cyber security problems, and working toward our vision to become the world’s most advanced, most comprehensive and most trusted partner for cyber security solutions,” said Tim Hoffman, Optiv’s executive vice president of worldwide client solutions. “Comm Solutions has a stellar reputation for delivering high quality services and solutions in its region, and solid relationships with many of the leading security technology manufacturers. We are very pleased to welcome Comm Solutions employees to the Optiv family, and look forward to working together to enable more organizations to do business securely and with confidence.”
“Optiv is known to be the only comprehensive cyber security solutions provider in the industry,” said Paul Black, Comm Solutions chief executive officer. “Joining forces enables Comm Solutions to significantly expand the depth and breadth of cyber security offerings available to our clients, and provides our employees with new and exciting career opportunities. We are thrilled about this transaction and excited about what the future holds.”
This transaction brings together two premier cyber security companies, providing clients with:
Holland & Hart LLP served as legal advisors to Optiv on the transaction. Hamburg, Rubin, Mullen, Maxwell & Lupin served as legal advisors and Murphy McCormack Capital Advisors as financial advisors to Comm Solutions.
Optiv Security: Secure greatness.™
Optiv is the cyber advisory and solutions leader, delivering strategic and technical expertise to nearly 6,000 companies across every major industry. We partner with organizations to advise, deploy and operate complete cybersecurity programs from strategy and managed security services to risk, integration and technology solutions. With clients at the center of our unmatched ecosystem of people, products, partners and programs, we accelerate business progress like no other company can. At Optiv, we manage cyber risk so you can secure your full potential. For more information, visit www.optiv.com.
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