Deal Allows Cerberus To Capitalize on Privacy Regs, Cloud Migration in Argentina
By Michael Novinson
Managed security services player Cerberus Sentinel plans to capitalize on cloud migration and strict privacy regulations in South America through its proposed purchase of RAN Security.
The Phoenix-area compliance provider says its intended buy of Buenos Aires-based RAN Security would bolster Cerberus Sentinel’s penetration testing, gap analysis and infrastructure management services in South America, says founder and CEO David Jemmett. The deal will further Cerberus Sentinel’s push in South America, where the company has expanded from three to 500 employees over the past 30 months (see: Forcepoint, Deloitte and Cerberus Sentinel Make Acquisitions).
“We’ve woken up,” Jemmett tells Information Security Media Group. “South America was really locked down. A lot of people couldn’t work from home, and those who did didn’t have necessarily the ability or access to professionals. They’re very limited down there. And so they had to catch up. Think of America seven years ago. Cybersecurity was a black box. We’re just now understanding cybersecurity.”
Terms of the acquisition, which is expected to close later this year, weren’t disclosed. RAN Security was founded in 1991 and employs 82 people, according to LinkedIn. Over the past 13 months, Cerberus Sentinel has gone all-in on South America through its acquisitions of Chilean security services providers Arkavia, CUATROi and NLT Secure. RAN Security also has offices in Chile, Peru, Bolivia and Paraguay.