M&A Deal Summary

DeepSeas Acquires RedTeam Security

On July 12, 2023, DeepSeas acquired information technology company RedTeam Security

Acquisition Highlights
  • This is DeepSeas’ 2nd transaction in the Information Technology sector.
  • This is DeepSeas’ 2nd transaction in the United States.
  • This is DeepSeas’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-07-12
Target RedTeam Security
Sector Information Technology
Buyer(s) DeepSeas
Deal Type Add-on Acquisition

Target

RedTeam Security

Edina, Minnesota, United States
RedTeam Security is a security testing firm. RedTeam offers a broad suite of security services for mid-market and enterprise clients. RedTeam Security is based in Edina, Minnesota.

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Buyer(S) 1

Buyer

DeepSeas

San Diego, California, United States
Category Company
Founded 2022
Sector Information Technology
DESCRIPTION

DeepSeas is a cybersecurity company that provides managed detection and response services that covers the entire converged attack surface for the mid-market, including OT, IT, cloud, and mobile. DeepSeas brings calm and clear minds to its customers by patrolling the cyberseas and removing harm from their environments. DeepSeas is based in San Diego, California.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Security On-Demand

San Diego, California, United States

Security On-Demand provides 24×7 advanced cyber-threat detection services for mid-market companies and state and local government agencies. SOD’s patented, behavioral analytics technology platform, ThreatWatch® enables the detection of advanced threats that help protect brand value and reduce the risk of a data breach. Security On-Demand is headquartered in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 GreyCastle Security

Troy, New York, United States

GreyCastle Security is a service provider dedicated exclusively to cyber security and the practical management of cyber security risks. GreyCastle Security was formed in 2011 and is based in Troy, New York.

Buy -
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