Sunstone Partners, a growth equity firm, has acquired Terra Verde Security, TruShield Security Solutions and Sword & Shield Enterprise Security – forming Avertium.
Avertium will be one of the largest managed cybersecurity services companies focused on mid-to-large enterprises.
Jeff Schmidt will head Avertium.
Jeff Schmidt earlier held executive leadership roles at a variety of technology and security companies, including International Network Services, All Covered, BT Counterpane, SQS, and Authomate.
Avertium’s will have more than 1,200 active customers who receive advisory, managed, and training services across mid- to large-sized businesses will now have access to more than 150 certified security subject matter experts.
Managed services customers will benefit from two cybersecurity operations centers providing 24 x 7 monitoring and support with complete fail-over and redundancy to ensure uninterrupted coverage.
Avertium’s core offerings include managed cybersecurity services, compliance assessments and other security advisory and training services.
“We see opportunity for Avertium to be the market leader in a highly fragmented managed cybersecurity services space,” said Mike Biggee, co-founder and managing director of Sunstone Partners.