10 M&A Deals Reshaping The Channel: May 2016

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6. Optiv Security

Company acquired: Evantix

Head count: 11-50 employees

Annual revenue: Not disclosed

Purchase price: Not disclosed

Date of announcement: May 13

Denver-based Optiv dove further into the market for third-party risk services by acquiring Newport Beach, Calif.-based Evantix, a company that produces a Software-as-a-Service application for managing third-party risk.

The Evantix application will add a managed service offering for third-party risk reports, according to Optiv, No. 25 on the CRN 2016 SP 500. That is key for customers as the current process for security assessment of third-party vendors is manual and time-intensive.

The acquisition will allow Optiv to ramp up its practice around third-party security risk by providing a secure delivery platform. This will enable Optiv to accelerate more consistent services.

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