Globenewswire | May 22, 2023
ReliaQuest, a force multiplier of security operations, announced the acquisition of agent software assets and the associated engineering team from EclecticIQ.
This acquisition will add both speed and capability to GreyMatter’s rapidly growing list of bilateral integrations for greater automation of detection, investigation, and response. With more than 80 integrations today, this will not only enhance the capability of the current integrations but allow ReliaQuest to rapidly grow new integrations, quickly responding to new and emerging technologies.
“We know how important it is that security teams can access actionable data quickly so they can help drive outcomes for their business,” said Brian Murphy, ReliaQuest founder and CEO. “When combined with our recently announced generative AI capability within GreyMatter Intelligent Analysis, these new agent assets will allow ReliaQuest customers to drastically reduce their mean time to resolve security incidents from hours to minutes.”
Founded in 2014 with headquarters in the Netherlands, privately held EclecticIQ is a leading European cybersecurity vendor operating globally. The company has recently been named as one of 10 ‘European defense tech start-ups to watch’ by the European VC community.
“EclecticIQ empowers security teams with innovative technology to unlock the full potential of Cyber Threat Intelligence, fortifying defences and proactively mitigating risks. Like ReliaQuest, we believe strongly in open and extendable technologies. Entering into this agreement with ReliaQuest allows more organizations to benefit from the powerful agent technology we’ve built,” said Joep Gommers, founder and CEO of EclecticIQ.
ReliaQuest is the force multiplier of security operations. Our security operations platform, GreyMatter, automates detection, investigation and response across cloud, endpoint, and on-premises tools and applications. GreyMatter is cloud native, built on an open XDR architecture and delivered as a service any time of the day, anywhere in the world. With over 700 customers worldwide and 1,000 teammates working across six global operating centers, ReliaQuest is driving outcomes for the most trusted enterprise brands in the world. We exist to make security possible. ReliaQuest is a private company headquartered in Tampa, Fla., with multiple global locations.
Prnewswire | April 04, 2023
Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Pickens Construction, Inc., headquartered in Anderson, South Carolina. The acquisition includes one hot-mix asphalt plant, related construction operations and approximately 20 employees that will be integrated as a bolt-on to CPI's South Carolina platform company, King Asphalt, Inc., and will expand its service market in the greater Greenville, South Carolina metro area.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today's acquisition expands our reach in the dynamic Upstate region of South Carolina, along the I-85 growth corridor between Greenville and Atlanta. We are now better positioned to serve both public and private market clients in the area, and to pursue future organic growth opportunities."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across six southeastern states. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminal, the company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.
Businesswire | May 08, 2023
Helios Technologies, Inc., a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has announced it signed a definitive agreement to acquire i3 Product Development (or “i3”.) i3 is a custom engineering services firm, with over 55 engineers, embodying expertise in electronics, mechanical, industrial, embedded and software engineering. Their solutions are used across many sectors, including medical, off-highway, recreational and commercial marine, power sports, health and wellness, agriculture, consumer goods, industrial, sports and fitness. Additionally, they specialize in working to transform customer’s ideas into industrial design solutions through rapid prototyping and creating 3D models in-house. A Top Workplace award winner for multiple years in the state of Wisconsin, i3 has locations in both Sun Prairie and Middleton.
“Innovation has been the lifeblood of Helios from its founding", commented Josef Matosevic, Helios’ President, and Chief Executive Officer. “The acquisition of i3 Product Development will turbocharge our efforts to be the most innovative company focused on the intersection of the hydraulics and electronics markets. They will complement our existing internal engineering teams across all our operating companies. i3 will enable us to provide our customers with additional highly skilled professionals that can solve their most complex challenges and help them stay ahead of their competition. We can also leverage the IoT (Internet of Things) software platform that i3 has developed to support the telematics and analytics vision that we have been articulating. This flywheel acquisition fits into our technology roadmap strategy like a glove and will continue to make us incredibly tough for our competition to follow.”
The acquisition of i3 is expected to help augment other Helios businesses by providing profitable engineering, consulting, and product development services for customer-specific solutions that go beyond the current products and solutions offered by Helios. Helios expects to close the transaction in the second quarter of 2023, subject to customary closing conditions. Helios will fund the acquisition through a combination of cash and equity. Terms of the acquisition were not disclosed.
About i3 Product Development
By sticking to its founding principles of Innovation, Inspiration, and Integrity, i3 generated over $13 million in revenue during 2022. i3 has served more than 450 clients and completed over 4,000 projects in its 28-year history. i3 is inspired to create products that holistically combine emotion, user-centered design, engineered precision, quality craftsmanship, smart technology, and design for manufacturability. i3 takes pride in the details and the creative solutions to deliver products that are genuinely easy for users to enjoy. For more information please visit: www.i3pd.com.
About Helios Technologies
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com.