A Colorado company buys the Denim Group, one of San Antonio’s largest cybersecurity companies.
Coalfire, based in Westminster, Colorado, said Tuesday that the acquisition would foster its “commitment to bringing simplicity and breadth to risk programs (application security) through automation.”
Privately owned Coalfire, which provides advisory and advisory services, did not disclose how much it paid for the Denim group in its ad. Denim Group will remain in Texas and under the direction of directors John Dickson, Dan Cornell and Sheridan Chambers.
The acquisition of Denim Group, a senior San Antonio cybernetics statesman, follows the recent purchase of two other large local companies.
HelpSystems, based in Eden Prairie, Minnesota, last year bought software company Globalscape in a deal valued at $ 217 million and cybersecurity company Digital Defense in February. Both are part of the city’s former cyber guard.
Combined, Coalfire and the Denim Group will serve more than 1,8000 combined customers, including the top five cloud service providers, half of the largest banks in the United States, major healthcare companies and government agencies.
According to the announcement, they will identify more than 4.2 million vulnerabilities each year through their services.
“Together, our combined teams represent one of the largest, most advanced and industry-recognized cloud application and industry security solution providers,” said John Dickson, Director of Denim Group. “We are committed to continuing to invest and optimize the ThreadFix platform while supporting and expanding our partner ecosystem.”
Denim Group, founded in 2001, helps customers assess and mitigate application security risk.
Bringing together the firm’s ThreadFix platform and consulting services “will ensure that vulnerabilities are managed and prioritized efficiently, reducing the time to remediation by 40 percent,” the CEO said in a statement. Coalfire operations, Mark Carney.
The funds advised by Apax Partners, a privately held advisory firm, acquired Coalfire last year from the Carlyle Group and the Chertoff Group. Coalfire has offices in Dallas and on the east and west coasts, as well as in England.
This story will be updated.