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Home News

Everfox Acquires Garrison Technology

June 12, 2024
Reading Time: 3 mins read
in News
Everfox Acquires Garrison Technology

Everfox, formerly known as Forcepoint Federal, has announced a definitive agreement to acquire Garrison Technology Ltd. This transaction is pending regulatory review and customary closing conditions, with an expected completion date this summer. The integration of Garrison’s hardware-enforced security (hardsec) and software capabilities into Everfox’s existing software suite aims to enhance cybersecurity solutions for enterprise customers in government and regulated industries.

Sean Berg, CEO of Everfox, expressed excitement about the acquisition, noting the momentum the company has gained since its separation from Forcepoint. Berg highlighted that Garrison’s technology complements Everfox’s cross-domain solutions for high-threat networks, both on-premise and cloud-based. Everfox has had a longstanding partnership with Garrison, reinforcing the strategic fit of the acquisition.

Garrison Technology Ltd. has built a strong reputation for developing nation-state level security technologies. These technologies are designed to support sensitive government missions and extend their benefits to critical infrastructure and enterprise customers. David Garfield, Co-founder and CEO of Garrison, emphasized the shared mission between the two companies and the potential to accelerate the delivery of high-assurance security solutions.

The partnership is also endorsed by Tim Millikin, Partner at TPG, who noted the increasing complexity of the operating environment for defense and intelligence communities. He highlighted the synergy between Garrison’s distinctive technology and Everfox’s expertise in government security. Everfox is headquartered in Herndon, Virginia, with additional offices in Illinois, Texas, Utah, and the United Kingdom. Citi served as financial advisor to Everfox, while Piper Sandler advised Garrison.

Reference:

  • Everfox to Acquire Garrison Technology Ltd Enhancing Cybersecurity Solutions
Tags: acquisitionsCyber NewsCyber News 2024Cyber threatsCybersecurityEverfoxForcepoint FederalGarrison TechnologyJune 2024
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