Security consulting company Cerberus Cyber Sentinel Company has obtained St. Louis, Missouri-dependent penetration screening enterprise Alpine Security, section of a continuing enjoy to beef up their penetration testing and regulatory compliance choices.
Alpine Security, which presents penetration testing, medical product testing, security auditing, trainings and “CISO-as-a-Service” to its clients, will turn into section of Cerberus. Alpine president and founder Christian Espinosa will acquire on a approach position at the organization, per an announcement of the deal.
Alpine Security also has a existence in the govt contracting industry, offering trainings and assessments all-around the General Expert services Administration’s Program 70 contract as nicely as the Cybersecurity Maturity Product Certification and the Defense Federal Acquisition Regulations Dietary supplement courses for defense contractors.
In addition to Espinosa’s new job, Alpine’s penetration testing staff will be built-in into Cerberus current capabilities crew, where they will keep on to emphasis on the wellness care marketplace and professional medical machine screening.
“Alpine is an fantastic healthy for the Cerberus portfolio of organizations,” mentioned David Jemmett, the company’s CEO and founder, in a statement. “The need for high-quality compliance, instruction, and penetration screening talent carries on to increase, and we are pleased to have them be part of us.”
The launch does not record the cost of the acquisition, but days ahead of the announcement, Cerberus notified the Securities and Exchange Commission that they experienced taken a $3 million loan from Hensley and Company at a 6 p.c fascination amount “to offer funding for the Company’s prospective acquisitions and other normal company needs.” Andrew McCain, chief operating officer for Hensley, also sits on the board of administrators for Cerberus.
The offer, and implication of additional to arrive, trace at enhanced hunger for third-party security auditing expert services in the face of worsening cybercrime, and an significantly complex regulatory compliance landscape.
A study of 100 North American main info security officers executed this earlier yr observed that security groups faced an ordinary of 3.3. audits around the next year, with the sudden change to telework in the wake of COVID-19 building a host of new non-compliance problems. Two-thirds reported dissatisfaction with the security tools they had in spot to get ready. In a different survey of 900 CISOs done by Thycotic earlier this yr, 77 percent claimed that fear of failing a security audit was one particular of the primary motorists pushing their boards to make new security investments.
The transfer marks the next acquisition by Cerberus, which presents consulting and managed security companies, of a cybersecurity-focused, penetration tests firm in the last 3 months. In September, the company bought Atlanta-centered Apparent Skies Security, also on the toughness of their penetration tests function.
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