Security Innovation Spins Off Its Training Solutions Division into CMD+CTRL Security
2024年7月26日 - 1:00AM
ビジネスワイヤ(英語)
Divestiture positions company to pursue a
focused growth strategy
Security Innovation, a leader in software security assessment
and training, today announced that it has spun out its training
solutions division to form Command and Control Security, d/b/a
CMD+CTRL Security as a separate company to continue to build upon
the proven security training programs that make up the CMD+CTRL
Base Camp solution portfolio. CMD+CTRL Security will retain all of
Security Innovation’s former SaaS training solutions. Subsequently,
Security Innovation will be acquired by Bureau Veritas, a global
leader in the Testing, Inspection and Certification (TIC) industry,
to establish a new cybersecurity hub for its clients in the
U.S.
Upon closing of the transaction, CMD+CTRL Security will be led
by CEO Jeffrey Emig, former COO and CFO of Security Innovation.
CMD+CTRL Security helps development teams level-up their security
skills and reduce software security risks through interactive and
engaging programs tailored to all roles and levels within the SDLC.
The award-winning CMD+CTRL training platform includes 11 immersive,
hands-on cyber ranges, 250+ interactive modules and 125+
scenario-based labs. More than 300 companies and over one million
participants have enhanced their skills with CMD+CTRL training,
from Global 100 software companies to mid-size tech companies,
financial services firms, and retailers.
“Proactive and immersive security training is essential for all
organizations to better protect against the latest cybersecurity
threats,” said Emig. “CMD+CTRL Security will build on our decades
of experience offering role-based skills development with realistic
simulated environments to deliver impactful learning programs that
bolster security defenses.”
The deal is expected to close in Q3 2024. Financial details of
the transaction have not been disclosed. Security Innovation has a
history of successful technology spin-offs, including the sale of
Onboard Security to Qualcomm in 2019 and the Security Innovation
Government division to Raytheon in 2008. Security Innovation and
CMD+CTRL Security will retain a strong commercial agreement.
"Today marks an important milestone for Security Innovation.
This divesture will allow both companies greater flexibility to
pursue focused growth strategies,” said Ed Adams, CEO, Security
Innovation. “We see tremendous potential for expansion in the
cybersecurity training solutions segment and intend to maintain a
close partnership with CMD+CTRL Security to add value for our
customers."
About Security Innovation
Security Innovation is a pioneer in software security and
literally wrote the book on How to Break Software Security. Since
2002, organizations have relied on our services and training
solutions to secure software wherever it runs. Our training
solutions combine interactive modules, scenario-based labs, and
hands-on cyber ranges to build skills that stick. Visit
securityinnovation.com to learn how we can help you launch a
best-in-class security program. For more information on CMD+CTRL
Security, please visit cmdnctrlsecurity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240725515591/en/
Jennifer Asaro C+C for Security Innovation
securityinnovation@cplusc.com