Government security consulting firm Rimstorm has acquired Elevative Networks, a provider of managed IT and security services. Financial terms of the deal were not disclosed.
This is technology M&A deal number 398 that ChannelE2E has covered so far in 2022.
MSSP M&A: Government CMMC Meets Managed Security Services
Rimstorm, based in Herndon, Virginia, has nine employees listed on LinkedIn. The company positions itself as a managed security service provider (MSSP) that offers outsourced monitoring and management of security devices and systems. Rimstorm also specializes in the new Cybersecurity Maturity Model Certification (CMMC) standard and NIST 800-171.
Elevative Networks, based in Vienna, Virginia, was founded in 2005. The MSP's services include strategy, planning, risk minimization and budgeting to align technology with business goals, Elevative indicates.
In a prepared statement about the deal, Rimstorm CEO Ben Gerenstein said:
"Combining Rimstorm's exceptional cybersecurity compliance capabilities with Elevative's managed IT experience is a major win for Rimstorm's clients. With this acquisition we are significantly expanding and improving our ability to meet our clients' cybersecurity and IT needs. We welcome Elevative's employees, clients and partners to the Rimstorm family and look forward to a bright future."
Added David Cross, CEO of Elevative Networks:
"I couldn't be more excited to be a part of the Rimstorm story. They bring to the table a strong industry focus and a leading cybersecurity compliance solution for government contractors. In addition, becoming part of Rimstorm also gives our employees fantastic opportunities for growth and career development."
