UPDATED 21:02 EST / AUGUST 03 2021

SECURITY

Cerberus Sentinel acquires managed service provider VelocIT

Cerberus Cyber Sentinel Corporation today announced that it has acquired managed service provider VelocIT for an undisclosed sum.

Based in New Jersey, VelocIT offers a suite of managed IT products that are pitched as providing enterprise solutions and experience to small and medium-sized business owners. The company provides a range of support modules that can be tailored to specific needs.

VelocIT offers a full range of MSP services, including help desk, server and email management, firewall and virtualization management, endpoint backup and encryption, cybersecurity and business continuation.

The company supports over 10,000 workstations worldwide, with customers ranging in size from five to 7,000 workstations.

Under the terms of the agreement, VelocIT will become a wholly-owned subsidiary of Cerberus Sentinel and will continue to focus on providing integrated risk-managed services to a diverse set of national customers. Under the deal, VelocIT President Darek Hahn and Chief Operating Officer Glenn Kupsch will take on executive positions at Cerberus Sentinel.

“VelocIT offered us an attractive model for managed security services and consulting services,” David Jemmett, chief executive officer and founder of Cerberus Sentinel, said in a statement. “VelocIT will further enable our differentiation in the marketplace and continue expanding our expertise and offerings in the cybersecurity field.”

Cerberus Sentinel itself is an over-the-counter listed provider of cybersecurity consulting and management services. The company was last in the news when it acquired cybersecurity assessment firm Clear Skies Security LLC in September.

The acquisition of smaller companies is part of Cerberus Sentinels’ expansion plans. In its own words, it “seeks to expand by acquiring world-class cybersecurity talent and utilizes the latest technology to create innovative solutions that protect the most demanding businesses and government organizations against continuing and emerging security threats.”

According to Crunchbase, Cerberus Sentinel has previously raised $650,000 in a single seed round. Despite having only raised a small sum through venture capital, the company has a market cap of $706.8 million.

Photo: VelocIT/Twitter

A message from John Furrier, co-founder of SiliconANGLE:

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.

Join Our Community 

Click here to join the free and open Startup Showcase event.

“TheCUBE is part of re:Invent, you know, you guys really are a part of the event and we really appreciate your coming here and I know people appreciate the content you create as well” – Andy Jassy

We really want to hear from you, and we’re looking forward to seeing you at the event and in theCUBE Club.

Click here to join the free and open Startup Showcase event.