TruShield Security Solutions, Inc., an award-winning Managed Security Service Provider (MSSP) delivering 24/7/365 managed cyber security monitoring, risk management, and incident response services, announced today the company has been acquired by Sunstone Partners, a growth equity firm that invests in technology-enabled services and software companies. The acquisition will bring together TruShield Security Solutions, Terra Verde Security of Phoenix, Arizona, and Sword & Shield Enterprise Security of Knoxville, Tennessee, to form Avertium.
Avertium’s combined base of more than 1000 active customers receiving advisory, managed, and training services across mid- to large-sized businesses will now have access to more than 100 highly certified security subject matter experts – poised to disrupt the fast-growing MSSP space with proven, long-term solutions.
“This investment marks a critical inflection point for the business,” said Paul Caiazzo, TruShield’s Founder. “There is no end in sight to the onslaught of cyber-attacks organizations face. Most are unable to hire and retain security experts or bring together the right suite of tools, and as a result are unprepared to defend themselves. Solving these critical risks for our customers is what drives us. The market is incredibly hungry for high quality, trusted MSSP partners who can solve these challenges. That trend will only accelerate.”
In his new role as Senior Vice President, Caiazzo will continue to focus on driving growth, working with clients to ensure Avertium meets and exceeds customer expectations and needs.
To facilitate the integration of the three portfolio companies and accelerate the launch of Avertium, Sunstone Partners has hired industry veteran Jeff Schmidt as the CEO of the newly combined entities. Previously Jeff was the CEO of Authomate, COO of SQS USA, and was the Global Head of Business Continuity, Security and Governance at BT Global Services.