Colorado cybersecurity firm Coalfire Systems Inc. is acquiring Veris Group to become a major cybersecurity and threat assessment consultancy to federal agencies, businesses and cloud-computing service providers looking to do business with the federal government.Especially those with business with the federal government. Carlyle cut its teeth with USIS, courtesy of President Bill Clinton's privatization of government security checks. What does Carlyle see with President elect Trump that has them investing heavily in cyber and threat security?
Veris Group, based outside Washington D.C. in Vienna, Virginia, began looking in mid-2016 to make a deal to expand. One of Coalfire’s owners, The Carlyle Group, introduced the two companies soon after.
Veris Group draws half its business from federal government departments and intelligence agencies, lines of work Coalfire wanted to be in but hadn’t yet cracked.
Privately-held Coalfire is majority owned by The Carlyle Group and the Chertoff Group, two investment companies well connected to U.S. national security circles and the federal government.
Coalfire may consider other acquisitions leveraging Carlyle Group resources as opportunities become available.
Sunday, December 25, 2016
Carlyle Affiliate to Buy Cybersecurity and Threat Assessment Firm
Posted by PEU Report/State of the Division at 9:53 PM