Tracker Capital has acquired Colorado Springs, Colorado-based root9B, a provider of of advanced cybersecurity products, services and training. No financial terms were disclosed.
COLORADO SPRINGS, Colo., Sept. 28, 2017 /PRNewswire/ — root9B, LLC (“root9B”), a leading provider of advanced cybersecurity products, services, and training, has been acquired by an affiliate of Tracker Capital Management, LLC (“Tracker Capital”), an early stage investor focused principally on emerging technologies and companies with the potential to advance U.S. national security interests.
root9B will now operate as an independent, privately-held company with no affiliation with root9B Holdings, Inc. (NASDAQ: RTNB). It will continue to be headquartered in Colorado Springs and led by its existing management team.
“root9B is delighted to announce our new ownership, which provides us the capital required to eliminate debt from our balance sheet and fund our strategic growth initiatives,” said Eric Hipkins, root9B Chief Executive Officer. “Our team remains committed to bringing experience, excellent service, and next generation cyber solutions to our clients. Our customers, employees, and other stakeholders can rest assured that we are well-positioned to maintain and build upon our leadership in the cybersecurity industry, and successfully move forward into our next phase of growth.”
Ranked as the #1 Cybersecurity company for 2016 by Cybersecurity Ventures, root9B, LLC stands in defiance of the unwanted human presence within our clients’ networks by attacking the root of the problem—the adversary’s ability to gain entry and remain undetected. root9B’s application of advanced technology developed through cutting-edge R&D and engineering and refined through relevant, hands-on training is revolutionary. root9B combines next generation technology, tactics development, specialty tools, and deep mission experience. root9B personnel leverage their extensive backgrounds in the U.S. Intelligence Community to conduct advanced vulnerability analysis, penetration testing, digital forensics, incident response, Industrial Control System (ICS) security, and HUNT (Active Adversary Pursuit) engagements on networks worldwide. For more information, visit www.root9B.com.
Tracker Capital Management, LLC
Tracker Capital Management, LLC (“Tracker Capital”) is an early-stage investor focused principally on emerging technologies and companies with the potential to advance U.S. national security interests. Our investment focus includes, but is not limited to, technologies and solutions with applications for defense, intelligence, communications, cybersecurity, and asset protection. As a private, venture-focused investor, Tracker Capital is proud to provide early-stage capital, experienced advice, and a deep network of relationships to help bold ideas and emerging businesses develop, scale, and achieve their full potential. For more information, visit www.trackercap.com.