StrikeForce Technologies Inc., a cyber technology company that reduces the risk of identity theft and data breaches, has acquired Cybersecurity Risk Solutions LLC, a provider of cyber, privacy and data protection solutions for business and home. CRS provides “pre-breach” commercial cyber services, with risk mitigation tools to reduce cyber exposure. The acquisition enables StrikeForce to grow its channel distribution strategies.
“Today is an important milestone in StrikeForce’s evolution and growth, as this deal will greatly improve our ability to deliver innovative and comprehensive data protection technology to our customers,” said Mark Kay, CEO at StrikeForce. “By combining forces with CRS, we are able to enhance our broader portfolio offerings and capabilities, while driving new revenue opportunities through our best-in-class cyber mitigation tools. This is key to our business strategy and will center us as a major player in the market.”
Cybersecurity Risk Solutions will continue to operate under the same name and will become a subsidiary of StrikeForce. Kay will remain as CEO of the combined businesses, while Will Lynch, founder and CEO of CRS, will be joining the company as a director of channel distribution.
“We’ve worked with the StrikeForce team since 2016 and are excited to deepen our relationship and bring our innovative services & tools to the channel distributors,” said Lynch. “Our vision is to provide this missing piece of the puzzle to our end-user customers to reduce the global cyber threats at scale as they continue to evolve.”