Accuvant, a Sverica Portfolio Company, Acquires
Ciphent, a Provider of Cyber Security Solutions
September 20, 2010 06:03 PM Eastern Daylight Time
DENVER--(EON: Enhanced Online News)--Sverica International announced today that Accuvant, a Sverica
portfolio company, has acquired Ciphent, a provider of world-class cyber security solutions headquartered near
Baltimore, Maryland. Accuvant is a research-driven information security partner delivering alignment, clarity and
confidence to enterprise clients.
With the acquisition, Accuvant gains several strategic, complementary service offerings that significantly enhance its
ability to meet the information security needs of its enterprise customers while increasing exposure to federal clients
and mid-market accounts. Added to Accuvant’s three current practice areas of information security research and
assessment, risk and compliance management, and technology solutions, are Ciphent’s offerings in secure software
development, managed services, training and support. The addition of Ciphent expands Accuvant’s presence to the
mid-Atlantic United States, as well as to Europe and the Asia Pacific region. The combined company employs more
than 300 personnel worldwide and is on target to exceed $250 million in revenue for 2010.
Frank Young, Managing Director at Sverica International, and Accuvant board member commented: “We are
pleased to have supported Accuvant’s executive team in completing this transaction which will add highly
complementary service offerings as well as exposure to federal and other customers to Accuvant’s existing practice.
We look forward to continuing to support the combined company with strategic and analytical assistance.”
“We are delighted about this acquisition because of the wide range of innovative solutions Ciphent brings to the
table,” said Scott Walker, co-founder and vice president of strategic planning for Accuvant. “Our clients and
partners will benefit from the combined Accuvant and Ciphent teams’ expanded offerin