09 Dec 09. Deep-Secure Limited, a company backed by Venture Capital Firm YFM, today announces that it has acquired the Specialist Products Division of Clearswift, the information security company.
Since 2001, the Specialist Products Division of Clearswift has built up a reputation as the premier provider of high assurance Email content inspection and network separation products for defence and government security around the world. These customers require the hardware platform, operating system, application firewall and mail guard are evaluated under the internationally recognized Common Criteria for Information Technology Security Evaluation (CCITSE) to Evaluation Assurance Level 4 (EAL4), requiring very special levels of security knowledge and development expertise. Specialist Products uniquely provides all the evaluated components within a highly configurable solution set, with fully deployed customers in the America’s, Asia Pacific and EMEA regions.
The Management Buy In (MBI) is funded by YFM who have a reputation for successful investments in growth technology businesses, and is led by Richard Beaton (Chairman) and Kieron Sambrook-Smith (CEO) who were board members through the successful sale of the government security based software business Boldon James to QinetiQ in October 2007.
Clearswift Chief Executive, Richard Turner commented: “Our stated strategy has been to focus on growing our core enterprise security business. Our divestiture of the Specialist Products Division to an experienced software business management team ensures that customers will continue to benefit from those products and services, today and into the future.”
Commenting on the acquisition, Deep-Secure’s new Chief Executive Officer Kieron Sambrook-Smith said: “There is a growing need for very high security when connecting up sensitive networks between organizations and indeed countries. The Specialist Products solutions are widely acknowledged as the most secure and functionally rich products available and we have exciting plans to extend this important security component into new communications areas and to new customers.”