Nautic Partners LLC, has formed Advanced Threat Response Holdings Inc., a firm designed to become a leader in cybersecurity services tailored for highly regulated industries. The formation is in conjunction with ATR’s acquisition of Security On-Demand, a provider of cyber threat detection and data analytics.
Following the partnership, SOD will continue to provide its threat detection and managed security services and expand its cybersecurity footprint. The firm uses its proprietary ThreatWatch threat detection and analytics services to find hidden threats through data aggregation.
“I am confident that Nautic will be a great cultural and strategic partner for our company,” stated Peter Bybee, CEO, president and founder of Security On-Demand. “They have a history of investing in managed services companies like ours, and we are aligned on core values. Our team is excited for this relationship that will help us deliver the expertise and support that our clients rely on to protect their companies, while further enhancing the value that we bring.”
“Partnering with ATR and Security On-Demand complements our services sector focus,” added S. Shahan Zafar, a managing director of Nautic. “We see great potential in this market and believe we can bring a significant set of managed technology capabilities to complement SOD’s management team, along with a team culture of innovation and service.”
AGC Partners served as financial advisor to SOD on the transaction, and Ostergar Lattin Julander LLP served as legal advisor to SOD and their shareholders. Locke Lord LLP served as legal advisor to ATR and Nautic. Additional financial diligence support for ATR was provided by RSM US LLP.