NEW YORK – Option3, a cybersecurity private equity specialist, announced the launch of a platform to accelerate the adoption of Zero Trust.
The platform will initially focus on the federal government and follow President Biden’s 2021 executive order requiring governments to transition to zero trust. This follows the platform’s acquisition being unanimously approved by his Onclave Networks board of directors, paving the way for final shareholder consent.
Option 3, a longtime investor in Onclave and a seat on its board of directors, said it views the acquisition as a strong vote of confidence in Onclave’s technology and strategic vision. Lisa Donan, his partner in operating Option3, said: “Onclave is a pioneer in the cybersecurity space and is leading the way for innovation in zero trust technology.” “This and their customer pipeline have helped shape the landscape of the industry.”
The move is part of a broader strategy by Option3 to acquire zero trust companies with complementary capabilities that fit into a single integrated platform.
“Onclave is the first in a series of acquisitions already underway, and we expect to exceed $100 million this year,” said Manish Thakur, managing partner at Option3. It added that it is not limited to emerging technology companies. “Option3 is also in talks with existing companies that can help build a large-scale platform that can provide both comprehensive zero trust capabilities and coordinated professional consulting services.”
Targeting the federal government customer base, the platform’s reach will be expanded to areas of collaboration within the private sector, including the defense industrial base and critical infrastructure sectors.
“Option 3 efforts to modernize our nation’s cybersecurity capabilities are needed now more than ever,” Donnan said. “Cybersecurity providers with the broadest attack surface and multiple forms of protection needed to truly strengthen our nation’s defenses against those who would seek to curtail our freedoms and undermine our strengths It doesn’t exist yet. This platform collectively provides a system to address this critical and timely issue while being agile and responsive to current and future risks that warfighters face on a daily basis. Masu.”
The company said in a release that through a series of transactions expected to close in the coming months of 2024, it will acquire certain technologies that will enhance U.S. defense systems and provide the Department of Defense with access to military-grade Zero TrustTM capabilities. He said that it has been reported that. , a dual-use approach that brings this level of security to the private sector.
More information is available online. option3.com.