Maitland-based cybersecurity company ThreatLocker has agreed to acquire assets of Arlington, Virginia.-based software firm HyperQube Technologies.
Terms of the deal were not disclosed.
“We are excited to enhance the ThreatLocker Testing Environment — a product that allows companies to validate software integrity before introducing it into their environment — with HyperQube’s technology,” said ThreatLocker CEO and Co-Founder Danny Jenkins.
In addition, the firm has named former HyperQube CEO Craig Stevenson as director of ThreatLocker Ops, a policy-driven system that monitors behavior patterns of software with the addition of detection and alerts through event logging. ThreatLocker Ops was announced last month at ThreatLocker’s Zero Trust World conference.
“I am incredibly excited for the opportunity to model new cyber threats at scale,” said Stevenson. "My new position at ThreatLocker will create more avenues to assist in the threat detection landscape by optimizing these endpoint security tools for the IT industry."
Stevenson will report to Jenkins. Stevenson brings experience in developing and launching new products, as well as in cybersecurity. Before HyperQube, Stevenson held roles at Raytheon Technologies (NYSE: RTN) and Johns Hopkins University in Baltimore. “His talent and drive will bring significant value and guidance to the new ThreatLocker Ops product and assist all stakeholders in taking conscious steps to harden their endpoint and server security," said Jenkins
The Ops platform also integrates with ThreatLocker’s Community, a forum that allows businesses to access public policies from experts at ThreatLocker and similar businesses within the community.
ThreatLocker recently moved into its new 42,000-square-foot headquarters across two floors at 1950 Summit Drive in Maitland, the former home of Electronic Arts Inc.'s Tiburon studio. The 215-person company nearly tripled in size in the last year, and Jenkins said ThreatLocker hopes to triple in staff, revenue and customers in the next 12 months.
ThreatLocker moves into new Maitland office
The 5-year-old company offers server and endpoint security for clients that range from small businesses to huge organizations like JetBlue Airways Corp. (Nasdaq: JBLU) and the U.S. Navy. A 2022 Orlando Inno Fire Awards winner, ThreatLocker ramped up its staff in the past year thanks to surging demand for cybersecurity services and a $100 million Series C investment round announced last April.
ThreatLocker's $100 million venture capital deal and 400% year-over-year revenue increase in 2021 make it one of Central Florida's top tech companies of the past year in terms of growth and fundraising.
Founded in 2016, HyperQube allows companies to build an exact copy of their information technology infrastructure or network to determine how the connected environment responds to changes caused by software updates, new technologies, and unplanned events such as outages or cyberattacks.
HyperQube’s virtualized test environments can be built in minutes and easily modified, re-used and shared, giving organizations a crystal ball look at the future to see and better understand what will happen.
Alex Soderstrom contributed to this article.
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