DeepSeas acquires RedTeam Security to expand its cyber defense testing capabilities
July 12, 2023
With a mission to bring the world’s most in-depth and personalized cyber defense solutions to enterprise and mid-market organizations, DeepSeas acquires RedTeam Security, expanding it’s offensive security testing capabilities.
San Diego, CA – DeepSeas announced today that it has acquired RedTeam Security, a privately held security testing firm. The acquisition reinforces and exemplifies the commitment of DeepSeas to offer a broad suite of security services for mid-market and enterprise clients.
The acquisition, backed by Nautic Partners, enhances assessment capabilities from DeepSeas to support both security and compliance use cases. Cyber attacks continue to plague organizations at great expense. In addition to actual costs, system compromises are often accompanied by compliance issues and penalty fees and can result in damage to brand trust. Identifying vulnerabilities and security holes, reducing network downtimes, assuring government and industry compliance, and maintaining customer trust are benefits derived from comprehensive security testing.
“We view robust testing as an essential component of any cyber defense program,” said Wade Alt, COO of DeepSeas. “RedTeam’s expertise and talent is a critical addition to the DeepSeas portfolio, giving our clients another reason they can sleep well at night.”
“Our enterprise and mid-market clients struggle to attract and retain talent with the skills required to effectively deploy, integrate, and manage security solutions at scale to reduce the risk of brand damage and intellectual property theft or destruction,” said Chris Esemplare, CEO of DeepSeas. “RedTeam’s talented team helps to further accelerate the broadening of our talent base at DeepSeas.”
With nearly 30 years of experience in cyber defense, DeepSeas is trusted by 350+ clients, including Fortune 100 enterprises and mid-market organizations. Leveraging deep expertise that combines world-class cyber threat detection and response with industry-leading analysts, tailored threat intelligence, and accredited incident responders, DeepSeas is always on, always watching. Its Managed Detection & Response offering, DeepSeas MDR+, is anchored by its acquisition of Booz Allen Hamilton’s commercial Managed Threat Services (MTS) business in 2022. DeepSeas is the first and only MDR provider that covers the entire converged attack surface for the mid-market, including OT, IT, cloud, and mobile. Its full-spectrum cyber threat monitoring service is award-winning and backed by world-renowned researchers, data scientists, and mathematicians who have published over 250 papers and created a broad base of intellectual property, while achieving a number of scientific breakthroughs in the areas of big data, machine learning, and artificial intelligence as it applies to the detection of advanced and unknown cyber threats.
About Nautic Partners
Nautic Partners is a middle-market private equity firm that focuses on three industries: healthcare, industrials, and services. Nautic has completed over 145 platform transactions throughout its 35-plus year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives, and increased management team depth. Nautic generally makes equity investments of $50 to $400 million or more. For more information, please visit www.nautic.com.
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