MORRISVILLE – Its financial strength bolstered by a new $31.5 million investment, Triangle-based SilverSky plans to expand cybersecurity offerings worldwide.
Focusing on what it calls “managed detection and response services,” SilverSky recently landed ITOCHU International as an investor. ITOCHU International is part of ITOCHU Corporation, which is based in Japan.
The cybersecurity company SilverSky also recently acquired a New Jersey company, Advanced Computer Solutions Group.
And more acquisitions could follow, the company saying the acquisition “marks the company’s first in a series of planned acquisitions.”
Silversky says it aims to grow its footprint across what it has deemed are key industries, including education.
As part of the ITOCHU deal, SilverSky will offer services to some 290 subsidiary companies of ITOCHU, which it says is involved in information and communications technology as well as textiles, machinery, metals, minerals, energy, chemicals, food, realty and finance.
“ITOCHU International’s investment in SilverSky underscores the power of our state-of the-art MDR services and arms us with notable channels and resources for significant growth,” said Richard Dobrow, CEO at SilverSky. “We’re looking forward to working with ITOCHU to vastly expand not only in Japan, but also throughout the Asia-Pacific market.”
“For ITOCHU, SilverSky represents a great investment opportunity in the market, as its MDR solutions are well positioned to scale quickly around the world,” added Mitsuru Claire Chino, President and CEO at ITOCHU International, in a statement. “This investment also allows ITOCHU subsidiary companies and customers access to an MDR solution that is simple, affordable and accessible – helping them combat an ever increasing cybersecurity threat landscape. We look forward to working closely with the SilverSky team to continue to grow the business and reinforce its stance as a go-to expert for easily improving an organization’s security posture.”
