Capstone Partners advised Cygilant, Inc. on its acquisition by SilverSky Inc. Terms of the deal were not disclosed.
Cygilant, a portfolio company of Arrowroot Capital, is a managed security services provider (MSSP) with a 20+ year history serving customers primarily in the financial, healthcare, and education markets. Headquartered in Boston with security operations centers (SOCs) in Belfast, Northern Ireland, and Burlington, MA, Cygilant offers world-class cybersecurity-as-a-service and threat intelligence capabilities. This acquisition expands SilverSky’s global footprint and increases access to the highly regulated European markets.
Capstone’s cybersecurity market knowledge and board-level relationships enabled us to effectively and efficiently find a great fit with SilverSky. We are excited about the synergies between the two companies and look forward to collaboration with the SilverSky team to build a global leader in managed security services.
SilverSky CEO Richard Dobrow added, “Cygilant represents a highly strategic acquisition for us bringing a substantial customer base and complementary managed service offerings. We are excited to welcome the team to the SilverSky platform.”
Capstone Managing Director Thomas McConnell noted, “The combination of Cygilant and SilverSky accelerates the combined business’s growth trajectory while enhancing the customer value proposition across global markets. It was a pleasure working with the respective senior management teams to achieve a win-win outcome. Congratulations to all involved!”
SilverSky is a cybersecurity innovator offering powerful managed detection and response (MDR) services delivered through their security operation centers (SOCs), which were developed based on military-grade security. Medium-sized enterprises face the same cybersecurity threats, compliance mandates, and business risk as Fortune 500 companies, and SilverSky offers access to enterprise-level cybersecurity that enables is these companies to meet regulatory requirements, proactively respond to threats, and rapidly reduce risk.