Cengage Group | February 01, 2022
Cengage Group, a global education technology firm with millions of students, has agreed to pay $190.8 million for Infosec, a significant cybersecurity education provider. Cengage Group will expand into the cybersecurity professional training market due to this acquisition, and its fast-developing Workforce Skills business will grow significantly. Subject to usual closing conditions and regulatory clearances, the acquisition is scheduled to close in the first calendar quarter of 2022.
"The cybersecurity industry is at a critical inflection point where the skilled labor shortage could have far-reaching and lasting effects on business and personal safety. At the same time, it provides an opportunity for un- or under-employed workers who can upskill or reskill for career advancement. With our scale and resources, more cybersecurity professionals will have access to an affordable and faster option to develop the skills they need," said Michael E. Hansen, CEO of Cengage Group. "The online, employer-paid cybersecurity training segment is currently a $1 billion market, with expectations that it will grow to $10 billion annually by 2027. Combining Infosec with our already-successful Workforce Skills business will provide top-line growth, expand our base of recurring revenue and accelerate our opportunity within the space."
Cengage Group's ed2go company will absorb Infosec as part of its Workforce Skills division, and Cengage will retain and invest in Infosec people and products to support future growth. Since its inception in 2004, Infosec has taught over 100,000 cybersecurity experts and provided training to over 5 million learners to enhance their cybersecurity knowledge and safety at home and work.
Cengage Group offers post-secondary and online continuing education courses through partnerships with hundreds of community colleges and universities, allowing students to upskill and reskill. According to Cengage Group's study on the "Great Resignation," 78 percent of people who had resigned from a job pursued online training courses or certificate programs. It stated they were critical to getting a new job. The ed2go business of Cengage Group helps job searchers and those who are currently employed by providing market-leading learning experiences that educate people for employment in high-demand fields like IT.
"Infosec was built by talented employees who truly believe that knowledge is power and care deeply about creating training materials that help cybersecurity professionals advance in their careers and keep employers and staff aware of cybersecurity threats at home and at work. Cengage Group has the same level of passion for making learning accessible, affordable and applicable to today's cybersecurity professionals,Building on ed2go's history in online training, Infosec will benefit from Cengage Group's scale and expertise, which means we can reach more cybersecurity professionals and employers that are looking to not only grow their careers but to keep businesses, governments, and people safe from cyber threats."
Jack Koziol, CEO and Founder of Infosec
The frequency of cyber-attacks rose dramatically as the world switched to remote and hybrid working environments. As a result, the demand for competent and educated cybersecurity professionals has increased, prompting the Bureau of Labor Statistics to rank information security analysts as the tenth fastest expanding occupation in the United States over the next decade, with a 31 percent increase in employment.
prnewswire | January 05, 2021
Owl Cyber Defense Solutions, LLC ("Owl"), a worldwide market pioneer in online protection arrangements and administrations for safeguarding network limits and empowering secure information sharing across areas, reported today the obtaining of the Trident Assured Collaboration Systems ("ACS") product offering. ACS has the solitary U.S. government-affirmed Voice over IP ("VoIP") and Video Teleconference ("VTC") Cross Domain Solution ("CDS") just as the business' most exceptional Full Motion Video ("FMV") sifting ability – usefulness basic to CDS activities in a time of robots and cameras. The obtaining gives Owl a more extensive scope of guaranteed network border guard arrangements than any rival on the lookout.
Owl, upheld by private speculation firm DC Capital Partners, has been a main supplier of CDS to the U.S. Branch of Defense ("DoD") and Intelligence Community for over 20 years. Owl is likewise the worldwide pioneer in network safety assurance for basic framework, offering the solitary U.S. government tried and certify CDS accessible for organization inside and outside the U.S to both government and business customers.
Owl's Cross Domain Solutions offer the most elevated level of organization edge security, far surpassing the capacities of firewalls and other ordinary organization protections. Owl's items are the decision for ensuring the country's most delicate organizations and frameworks against assault. Ongoing episodes have exhibited the failure of inheritance firewalls to forestall cyberattacks against basic business and working frameworks and cloud-based applications. The blend of Owl and ACS's innovation offers a full continuum of CDS items that give equipment upheld space partition and layers of information separating confirmation instead of a solitary organization line checkpoint with insignificant substance sifting.
Arrangements like firewalls that worked 25 years back as an organization insurance approach are not, at this point compelling against country state quality assaults. As country state assaults increment, the methodologies utilized by state entertainers start to saturate the criminal side of cyberattacks. Powerful network safety presently requires a coordinated, multi-layered framework with information diode equipment parts in gatekeepers which perform escalated information assessment and confirmation. The up and coming age of insurance, coming out now and based on a mix of Owl and ACS innovation, installs CDS usefulness in incredibly low-inactivity, unmodifiable equipment.
Thomas J. Campbell, Chairman of Owl and Founder and Managing Partner of DC Capital, said, "This is another step in executing our strategic vision. The acquisition of ACS not only places Owl ahead of other Cross Domain Solution providers, but it also plays a pivotal role in our larger strategy to offer true cybersecurity protection. The future requires solutions that are cost effective and easy to implement, use, and maintain."
"The explosion of the Internet of Things ("IoT") demands cyber-secure devices, from those that control our critical infrastructure, to our homes and cars," said Campbell. "The technology Owl pioneered 20 years ago is now available in form factors small enough to be embedded inside devices. Owl has always been an early mover, the first to develop hardware-enforced network protection and now the first to offer a hardware-enforced CDS that can be embedded."
"Owl has been rapidly moving towards this number one position for the last couple of years," commented Robert Stalick, President and CEO of Owl. "With the addition of ACS, the last piece has fallen into place. Owl is now the clear leader in accredited Cross Domain Solution offerings, with the widest range of capabilities and products – solving problems from tactical to enterprise in data, voice, and video; for government, critical infrastructure and commercial enterprises."
Jerry B. Chernock, Partner at DC Capital, added, "Clearly we need to address the deficiency of firewalls. There is a motivation behind why our customers demand Cross Domain Solutions and not exclusively on firewalls. Late assaults, including a security break at an unmistakable U.S. based network protection firm and a few U.S. Government organizations, have accentuated the requirement for knowledge, military, basic framework and corporate customers to rapidly develop how they secure their organizations."
"The sophistication of these technologies cannot be overstated," said Ken Walker, Chief Technology Officer at Owl. "The U.S. Government continues to set the standards for the most rigorous operational requirements and testing regimes globally, setting expectations that very few companies can meet. Owl is one of a handful of elite companies that satisfies the government-established 'Raise the Bar' requirements."
About Owl Cyber Defense Solutions
Owl has been serving the cybersecurity needs of the U.S. government since inception – providing hardware-enforced cybersecurity controls, industry leading expertise in operating system hardening, extensive device and network-based assessment services and thought-leadership in filtering/data processing disciplines. Owl Cross Domain Solutions are operating broadly in missions across both the DoD and the U.S. intelligence agencies. Globally Owl is the leader in perimeter protection for nuclear power plants, oil and gas operations, renewables and power generation and transmission, with aggressive growth occurring in the data center and cloud provider sectors. Owl continues to innovate and is bringing to market the world's first embeddable cybersecurity to serve the Internet of Things ("IoT").
businesswire | December 10, 2020
FireMon, the main organization security strategy the executives organization that brings visibility, control, nimbleness, and mechanization to enterprise cloud and half and half organization infrastructure, today declared it has signed with DLT Solutions, the chief government innovation solutions aggregator. The partnership will encourage FireMon's commitment to public sector clients, simplify purchasing for government agencies, and give DLT's channel partners access to its dexterous organization security strategy the board stage's full capabilities.
As government organizations move to the cloud and zero trust networks, they must oversee security policies over increasingly heterogeneous cross breed networks. Using FireMon, they can quicken their migrations with the certainty that they will stay secure and consistent even notwithstanding increasing rates of progress. Recently, FireMon was considered basic to public security by the United States Treasury, a world class designation which points to the significance FireMon solutions play to public sector customers.
"As the public sector continues its digital transformation to modernize aging systems and infrastructure, new network security considerations and risks are introduced," said Chris Wilkinson, president, DLT Solutions, a Tech Data company. "Adding FireMon's solutions to our cybersecurity portfolio provides our channel partners and their public sector customers with an agile approach to managing network security policy that helps secure our nation's most critical networks."
"As the move to the cloud accelerates, government agencies are challenged with securing complex hybrid networks and implementing zero trust architectures," said Andrew Warren, VP of Global Channel Sales for FireMon. "Working with DLT and its partners, FireMon lets them secure these networks seamlessly, without compromising agility or responsiveness."
FireMon is the only agile network security policy platform for firewalls and cloud security groups providing the fastest way to streamline network security policy management, which is one of the biggest impediments to IT and enterprise agility. Since creating the first-ever network security policy management solution, FireMon has delivered command and control over complex network security infrastructures for more than 1,700 customers located in nearly 70 countries around the world. For more information, visit www.firemon.com.