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Aurionpro Solutions acquires Spikes Security

09 May 2016

Aurionpro Solutions, a global leader in enterprise security, digital innovation and banking solutions has signed a definitive agreement to acquire Spikes Security, a Silicon Valley pioneer of network based Web Malware Isolation products. The deal is aimed to be a game-changer for advancing the market momentum for its Enterprise Security business.

The transaction will create a dedicated subsidiary focused on Enterprise Security by merging Aurionpro’s Enterprise Security division and Spikes Security. The subsidiary will be headquartered in Silicon Valley with global operations in North America, Europe, Asia and Australia

The new subsidiary attracts fresh equity investment from new and existing investors including Benhamou Global Ventures and Javelin Venture Partners. Aurionpro will own 80% of the new combined subsidiary. The closure of the merger process is targeted to be completed in six weeks. The combined business will benefit from expanded customer reach, a broader product portfolio and an accelerated roadmap by leveraging offshore low cost R&D.

Aurionpro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.

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278.05 7.50 (2.77%) Dec 03, 18:01
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