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  • Friday, November 22, 2024

Coalfire Buys Veris Group in Cyber Market Expansion Push; Larry Jones Comments


Cyber risk management services provider Coalfire has purchased Veris Group for an undisclosed amount in a push to grow cybersecurity offerings for the government and commercial sectors.

The transaction will result in the creation of a combined firm that will work to provide security engineering support, consulting and assessment services to cloud service providers and the payment card industry, Coalfire said Wednesday.

The combined entity will also function as a third-party assessment organization under the Federal Risk and Authorization Management Program.

Coalfire CEO Larry Jones said the combined company will offer a suite of cyber risk and testing services to help customers address network vulnerabilities and other cyber threats.

Vienna, Virginia-based Veris Group provides cyber risk consulting, technical testing, compliance assessment and engineering support services for public and private sector clients.

Coalfire funded the acquisition through new equity investments from The Chertoff Group™s affiliates and the U.S. middle-market fund of The Carlyle Group.

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