Everfox, a Herndon government cybersecurity firm owned by private equity giant TPG, has made its second acquisition in three months, this time sticking a little closer to home.
The company, previously known as Forcepoint Federal, has acquired Frederick, Maryland-based Yakabod Inc., a 23-year-old software company that provides cybersecurity and related services to federal agencies, corporations, universities and other organizations. Terms of the deal, announced Friday, were not disclosed.
All of Yakabod's employees, including founder and CEO Scott Ryser, have joined Everfox, an Everfox spokesperson told me Monday. Everfox has about 1,000 employees globally and its deal for Yakabod will see its headcount increase by about 50% since it was acquired by TPG last fall, the spokesperson said.
The companies are familiar with one another, as they have collaborated in the past to improve security measures for common customers. Sean Berg, Everfox's CEO, said Yakabod's products are "setting the gold standard for confidentiality and integrity, and we’re thrilled to have them join the Everfox platform."
The acquisition is Everfox's second to date, the first of which occurred in August when it purchased London-based Garrison Technology Ltd., a company that specializes in developing hardware that can help stave off cyberattacks. That deal added 150 workers to Everfox's team.
Everfox was born in September 2023 when private equity giant TPG bought Forcepoint Federal, the government cybersecurity business of Austin-based software company Forcepoint LLC, for $2.45 billion. TPG rebranded the Forcepoint unit as Everfox and established its headquarters out of Forcepoint Federal's office at 12950 Worldgate Drive.
TPG's acquisition of Forcepoint Federal was one of the largest private equity deals in Greater Washington last year.
