Everfox, formerly known as Forcepoint Federal, has announced the acquisition of Garrison Technology Ltd. The transaction is currently awaiting regulatory approval and is expected to be finalized by the summer. By integrating Garrison’s hardware-enforced security (hardsec) and software capabilities into the Everfox software suite, enterprise customers in government and regulated industries will have access to a wider range of innovative cybersecurity solutions to safeguard their digital infrastructure.
Sean Berg, CEO of Everfox, expressed his excitement about the acquisition, highlighting the momentum the company has built since separating from Forcepoint and launching Everfox. He emphasized the focus on growth and innovation, noting that integrating Garrison’s solutions would enhance their portfolio. Berg mentioned that Everfox and Garrison have been partners for several years, and combining their technologies would enhance their software cross domain solutions for connecting high-threat networks on-premise and in the cloud.
David Garfield, Co-founder and CEO of Garrison Technology Ltd., explained that the mission of Garrison was to develop high-level security technologies to support sensitive government missions in a digital world. He stated that the collaboration with Everfox, who shares a similar mission, would accelerate the delivery of high-assurance security to benefit their customers in critical infrastructure and enterprise sectors.
Tim Millikin, Partner at TPG, highlighted the increasing complexity of the cybersecurity landscape for defense and intelligence communities, with cyber threats from sophisticated actors growing in frequency. He noted that Garrison’s unique technology, combined with Everfox’s government security expertise, would provide a robust solution to enhance global resilience in the face of these threats. Citi served as the financial advisor to Everfox throughout the acquisition process.
The integration of Garrison’s solutions into Everfox’s software suite will provide enterprise customers in government and regulated industries with access to a wider range of innovative cybersecurity solutions designed specifically for these sectors. This will allow them to protect their digital infrastructure from sophisticated cyber threats more effectively than ever before.
In conclusion, this acquisition highlights Everfox’s commitment to growth and innovation in the cybersecurity industry. By combining their expertise with that of Garrison Technology Ltd., they are able to provide an even more robust solution for protecting critical infrastructure and enterprise sectors from cyber threats. With Citi serving as their financial advisor throughout this process
