Option3 launches zero trust cybersecurity platform, acquires Onclave Networks | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

NEW YORK – Option3, a cybersecurity private equity specialist announced the launch of their platform that they said will accelerate the adoption of Zero Trust.

The platform will focus initially on the federal government and follows President Biden’s Executive Order in 2021 mandating the government move to Zero Trust. This follows the unanimous approval by the Board of Onclave Networks to be acquired by the platform – paving the way for final shareholder consent.

As a longtime investor in Onclave, with board seats, Option3 said it views the acquisition as a strong vote of confidence in Onclave’s technology and strategic vision. “Onclave is a pioneering company in the cybersecurity space, has been a beacon of innovation in Zero Trust  technology” said Lisa Donnan, Option3’s Operating Partner. “This, and their customer pipeline have been instrumental in shaping the industry’s landscape.”

This move is part of a broader strategy by Option3 to acquire Zero Trust companies with complementary capabilities that fit on a single unified platform.

“Onclave is the first of a series of planned acquisitions already underway, that we expect will exceed $100M this year” said Manish Thakur, Option3’s Managing Partner who added this acquisition strategy is not limited to emerging technology companies. “Option3 is also talking to established companies that can contribute to building a platform of scale, capable of delivering both comprehensive Zero Trust capabilities and aligned professional consulting services.”

Targeting the federal customer base, the platform’s scope is set to expand to aligned areas within the private sector including the defense industrial base and critical infrastructure areas.

“Option3’s efforts to modernize our nation’s cybersecurity capabilities are needed now more than ever before,” said Donnan.  “There hasn’t yet been a cybersecurity provider capable of addressing the extraordinarily wide attack surface area or the diverse forms of protection needed to truly enhance our nation’s defense against those seeking to reduce our freedoms and diminish our strengths. This platform provides the systems in aggregate to address this critical and timely problem while remaining nimble to the current and future risks that face the warfighter on a daily basis.”

In their release the company noted that through successive transactions set to close in the coming months of 2024, it will reportedly acquire specific technologies that seek to harden U.S. national defense systems and provide the Department of Defense with access to a Military-Grade Zero TrustTM capabilities, in a dual-use approach bringing this level of security to the private sector.

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