Author: Brenda Marie Rivers|| Date Published: March 11, 2021
McLean, Virginia-based IronNet Cybersecurity is considering merging with special purpose acquisition company LGL Systems and a transaction between the two parties could give the combined entity an estimated value of $1.2 billion, Bloomberg reported Wednesday.
Bloomberg cited unnamed sources saying Reno, Nevada-based LGL seeks to raise equity funding for a potential combination deal that would take IronNet public.
LGL’s initial public offering in November 2019 raised $172.5 million at $10 apiece. The blank check company noted it is eyeing businesses that develop offerings for defense and commercial use.
Keith Alexader, a retired U.S. Army general, established IronNet in 2014 with the intent to help government and enterprise customers secure networks from cyber threats.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
