CORPORATE / NEWS
A private investor group completed the purchase of the cyber security provider, SilverSky, on November 3rd, 2020. Two cyber security industry veterans who participated in the early evolution and scaling up of SilverSky have purchased the Company from BAE Systems in an investor and management-led buyout. Richard Dobrow, past CEO of Perimeter eSecurity (later renamed SilverSky) along with Cary Conrad, former President of Integralis AG (sold to NTT Communications Corp.) led the initiative to acquire the Company along with support from members of the current management team. Richard will assume the role of the Company’s Chairman & CEO while Cary will lead business development initiatives.
SilverSky, focused on managed security services (MSS), managed detection and response (MDR) and cloud cyber security, has successfully operated since 1997 and now serves more than 3,000 customers on a global basis. The Company provides comprehensive commercial cyber security services focused on organisations with strict security and compliance requirements such as banks, credit unions and other financial institutions. The Company also has a solid presence in other security-aware markets such as healthcare and insurance. The Company has revenues in excess of $50 million and specialises in teaming with organisations where the cost of compliance to their individual industries’ best practices outweighs their ability to deliver without a focused cyber security and compliance specialist like SilverSky.