10 Jan Sale of SecurePipe won't result in Madison layoffs
Madison, Wis. – As a result of the acquisition of SecurePipe by AmbironTrustWave, a Chicago data security provider, the Madison-based network operations center of SecurePipe will become Ambiron’s primary NOC.
Ambiron, which serves businesses in the payment card industry, has announced its acquisition of SecurePipe, a Lincolnshire, Ill.-based managed security provider with most of its 50 employees working in the Madison operations center.
The terms of the deal were not disclosed, but the operations of both companies will be completely integrated and SecurePipe will take on the AmbironTrustWave name.
Ambiron CEO Robert McCullen indicated there won’t be layoffs as a result of the transaction, but he said Art Roldan, who served as CEO of SecurePipe, would leave the company following a transitional period during which he will serve as a consultant. The acquisition will bring Ambiron’s headcount up to about 200 employees.
Securing the pipe
Through its network operations center, staffed by security engineers, SecurePipe provided network managed security services to financial institutions, large companies, and small-to-medium-sized businesses. The company, founded in 1996, established a partnership with Fiserv, a Milwaukee-based provider of data solutions to financial institutions, to make its services available to Fiserv Vision customers.
The company’s managed network security services included firewalls, intrusion detection systems, e-mail management, and virtual private networks.
McCullen said the acquisition significantly expands Ambiron’s footprint in the financial services market, and he indicated that it would create a combination of security and compliance services that will position Ambiron to provide “end-to-end” security services.
Ambiron, which merged with Annapolis, Md.-based TrustWave in the spring of 2005, has a client base that includes banks, merchants, service providers, and software developers – some of whom are Fortune 2000 businesses – and several government agencies.
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