IronNet Inc. (NYSE: IRNT), a cybersecurity company, has completed its business combination with LGL Systems Acquisition Corp.
Retired Army Gen. Keith Alexander, founder and co-chief executive officer of IronNet, said, “We are excited to complete this business combination, which will position IronNet to truly transform and scale cyber defense for more organizations around the world. As a public company, we intend to apply our increased financial resources to accelerate product innovation for our customers and expand our portfolio of offerings. We are grateful to LGL for their support of IronNet and their faith in our mission, and we look forward to making the world a safer place with Collective Defense.”
Rob LaPenta, managing partner of Aston Capital LLC and former co-CEO of LGL, said, “I am proud to be affiliated with IronNet and the significant technology impact that they bring to the cybersecurity market. This is great news for organizations in their defense against ongoing cyberattacks, and we are confident they will indeed transform cybersecurity.” LaPenta, along with Mary Gallagher, former CFO of Sikorsky Aircraft and former LGL board member, joins IronNet’s Board of Directors effective immediately.
William Welch, co-CEO of IronNet, added, “There has never been a more relevant time to expand our operations at IronNet and realize our vision in the market. Every day we see news headlines that reinforce the need for why we started this company – to offer detection technology and sharing capabilities that turn the tide against increasingly aggressive cyber attackers. Every day, organizations are being victimized by cyberattacks all over the world — organizations that IronNet is well positioned to bring together for a more effective defense.”