StrikeForce Technologies Inc., an Edison-based cybersecurity company, announced Thursday that it has acquired a Middletown-based provider of cyberprotection solutions.
StrikeForce, which protects against identity theft and data breaches, said in a news release that the deal for Cybersecurity Risk Solutions LLC will help it grow and strengthen its channel distribution strategies and provide cost-effective solutions for mitigating cybersecurity risks. CRS provides cyber, privacy and data protection solutions for businesses and individuals.
“Today is an important milestone in StrikeForce’s evolution and growth, as this deal will greatly improve our ability to deliver innovative and comprehensive data protection technology to our customers,” CEO Mark Kay said in a prepared statement. “By combining forces with CRS, we are able to enhance our broader portfolio offerings and capabilities, while driving new revenue opportunities through our best-in-class cybermitigation tools. This is key to our business strategy and will center us as a major player in the market.”
CRS will continue to operate under its current name as a StrikeForce subsidiary. Kay will lead the combined businesses, while Will Lynch, CRS’ founder and CEO, will become StrikeForce’s director of channel distribution.
“We’ve worked with the StrikeForce team since 2016, and are excited to deepen our relationship and bring our innovative services and tools to the channel distributors,” Lynch said in a statement. “Our vision is to provide this missing piece of the puzzle to our end-user customers to reduce the global cyberthreats at scale as they continue to evolve.”