Acquisition Expands SIG's Cybersecurity Practice
August 9, 2023
Strata Information Group, LLC ("SIG" or the "Company"), a portfolio company of Fort Point Capital, announced today that it has completed the acquisition of Triaxiom Security, LLC ("Triaxiom"), a leading provider of cybersecurity services including penetration testing, compliance auditing and strategic consulting. The acquisition will result in establishing a pioneering Cybersecurity consulting practice exclusively dedicated to addressing the security needs of colleges and universities.
"We are excited to welcome the Triaxiom team to the SIG family," commented Brent Rhymes, SIG's Chief Executive Officer. "Kyle Bork, JR Johnson and Matt Miller have built a best-in-class penetration testing and cybersecurity business, and this acquisition enhances our ability to provide top-tier cybersecurity services to our client base. Cybersecurity is an area of increasing focus for higher education institutions, and this partnership furthers our commitment to helping our customers safeguard their most critical assets and digital infrastructure."
The newly formed Cybersecurity consulting practice, to be branded SIG Cyber, will be the only firm exclusively focused on meeting the security needs of higher education institutions. By leveraging Triaxiom Security's specialized cybersecurity services, SIG aims to assist colleges and universities in conducting thorough penetration testing, achieving compliance with the latest security regulations, and enhancing protection against ransomware attacks and other cybersecurity threats.
Kyle Bork, Co-Founder of Triaxiom commented, "We are thrilled to join forces with SIG. Having worked together over the last few months to collectively address customers' cyber issues, there is a clear alignment of culture and service. This acquisition opens up new avenues of growth and opportunities for our team, and we look forward to continuing to deliver comprehensive cybersecurity solutions to our existing customers and to SIG's higher education client base."
"Cybersecurity has been an area of investment for the SIG platform over the last year, and this acquisition further positions us to capitalize on the strong market growth and regulatory tailwinds," said Michael Brofft, Principal at Fort Point Capital.
Christina Pai, Partner at Fort Point Capital commented "Both companies' shared commitment to providing best-in-class service to their customers and the significant cross-sell opportunities made this transaction a natural fit. We are excited to partner with Kyle, JR, Matt and team and look forward to supporting the continued growth of our cybersecurity practice."
About Strata Information Group
Strata Information Group is a best-in-class provider of IT services to higher education institutions. The Company offers a range of services including software implementation, cloud migration, digital transformation, cybersecurity, database administration and ongoing support services. To learn more, visit https://www.sigcorp.com.
About Fort Point Capital
Fort Point Capital ("Fort Point") brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth and performance by providing resources to help expand teams and establish infrastructure, enhance service offerings, access new markets, and support strategic add-on acquisitions. Fort Point fulfills its commitment to management, employees, and shareholders by employing a repeatable process to drive durable value, as evidenced in over 40 acquisitions since its inception. Fort Point Capital is currently investing from FPC Small Cap Fund III. To learn more, please visit fortpointcapital.com.