RedSiren Buys Veritect

RedSiren Technologies Veritect

Executives at RedSiren, based here, said the Veritect acquisition adds 500 customers to its client base for a total of 800 and makes it the largest privately held security services company.

Al Leary, RedSiren's senior vice president of marketing and sales, said the company based that claim on its global market coverage, its breadth of services and industry analysts' estimates of the relative revenue run rate in the security services market.

The purchase is the latest in a string of acquisitions by RedSiren. Last month, the company announced it would buy Secure Network Group, Lawrence, Kansas. In the past 10 months, RedSiren acquired security firms Secure360, AtomicTangerine and Secure Building Blox.

Veritect was founded in 2000 as a wholly owned subsidiary of Veridian offering managed network security, consulting, integration and other security services. RedSiren did not disclose what it paid Veridian for Veritect.

Leary said Veritect is a "very, very complementary fit with RedSiren."

The acquisition is in line with RedSiren's strategy of acquiring companies that expand its geographic coverage and its customer base, enhance its professional skills and provide intellectual property, he said.

RedSiren said it will continue to operate Veritect's Secure Operations Center (SOC) in Reston, as well as its own SOC in Pittsburgh.

Doug Goodall, RedSiren's CEO and president, will head the combined company. Several members of Veritect's senior management team agreed to join RedSiren, the company said.

Sixteen Veritect employees lost their jobs as a result of the acquisition. The combined company will employ more than 120 in three continents.