U.S. cybersecurity business Optiv Security Inc has acquired Conexsys Communications Ltd, a Mississauga, Ontario-based provider of enterprise networking and network security solutions. No financial terms were released. Optiv, which has its headquarters in Denver, Colorado, said the deal increases its ability to serve Canadian, U.S. and global customers and enhances its vertical presence in the public sector. Conexsys formed in 1997 and was bought by senior management in 2004 from Allan Crawford Associates Ltd. U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) acquired a majority stake in Optiv earlier this year.
Optiv Security Acquires Conexsys; Supports Global Business Growth Strategy by Accelerating Investment in Canada
— Leading Cyber Security Company Expands Local Expertise and Capabilities to Better Optimize Public and Private Entities’ Security Investments —
November 13, 2017
DENVER & TORONTO–(BUSINESS WIRE)–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.
About Optiv Security
Optiv 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.
Susan Vaillancourt, 603-459-8906
Lauren Howe, 443-519-5455
Photo courtesy of Conexsys Communications Ltd