CyberPoint3 Holdings, a wholly owned company of Cyber Capital Partners, has acquired Point3 Security and P3F as part of efforts to expand its portfolio of cybersecurity technologies and capabilities meant to address challenges facing critical infrastructure and national security communities.
“The acquisitions of Point3 Security and P3F supports our strategy of sourcing elite cyber capabilities and technologies from the US intelligence community, and allows us to arm the industrial cyber defenders with tools and skills equal to our adversaries,” Jason Gayl, managing partner and CEO of Cyber Capital Partners, said in a statement published Tuesday.
“Our perspective is that we can not allow our adversaries to exploit our national security supply chain, and must advance the cyber postures of our mission-critical clients,” added Gayl.
Point3 Security helps train cyber professionals in defensive and offensive missions through its Escalate CyberRange platform and related catalog of over 150 challenges.
P3F provides training, mission and advanced research and development support to national security clients.
The two acquired companies support the departments of Defense, Homeland Security and Energy, intelligence community, critical infrastructure sectors and cyber vendors in implementing cybersecurity best practices and technologies. P3F and Point3 will continue to be based in the Baltimore-Washington area and join the other two companies in Cyber Capital’s portfolio – CyberPoint3 and Diamondback Cyber Attack Services.
SKB Capital served as financial adviser and Freeman Lovell acted as legal adviser to Point 3 Security and P3F in the transaction. Parker Poe Adams & Bernstein served as legal adviser to CyberPoint3 and Cyber Capital Partners.