Announced
Completed
Financials
Tags
Majority
United States
Acquisition
Software
web isolation
Completed
Private
Domestic
Single Bidder
Friendly
Synopsis
Ericsson-backed Cradlepoint, a telecommunications equipment company, completed the acquisition of Ericom Software, a web isolation services provider. Financial terms were not disclosed. "The combination of Cradlepoint’s expertise in enterprise networking and Ericom’s innovative SSE and zero trust security solutions will create a powerful capability to meet the increasing demand for cloud-based secure network solutions. The acquisition enhances our ability to meet the cybersecurity needs of global enterprises as they accelerate their rapid adoption of 5G technologies. We look forward to this exciting new chapter and its opportunities," David Canellos, Ericom CEO.
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