CyEx, a prominent provider of cyber and data breach response solutions, has announced its acquisition of Simpluris Inc., a leading figure in class action settlement administration. This strategic move allows CyEx to extend its reach into new market channels and enhance its ability to deliver crucial data breach restitution services to a wider clientele.
Jerry Thompson, Executive Vice President at CyEx, expressed enthusiasm about integrating Simpluris’ extensive industry expertise and leadership in settlement administration. The acquisition is poised to strengthen CyEx’s foothold in the data breach response and class action market, leveraging Simpluris’ established reputation and capabilities.
Simpluris will continue to operate independently within CyEx, maintaining its leadership team and distinctive approach to legal administration. Kevin Lee, President and CEO of Simpluris, highlighted the synergies between both companies, emphasizing their shared commitment to leveraging technology-driven solutions to better serve clients and drive business growth.
Founded in 2007, Simpluris has managed over 9,000 matters and distributed more than $9 billion in funds, solidifying its position as a trusted partner in corporate, financial, and legal administration services across the United States. The acquisition represents a strategic alignment of CyEx’s focus on addressing diverse data risks and Simpluris’ specialized expertise in handling complex legal and financial matters with precision and efficiency.
