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FishNet Security Acquires IAM Vendor Logic Trends

FishNet Security announced today that it has acquired Logic Trends Inc., a provider of identity and access management solutions.

Founded in 2002, Roswell, Georgia-based Logic Trends offers identity and access management solutions including Simplified Sign-On, Strong Authentication, and more, and provides strategic guidance, implementation and support services.

The acquisition marks FishNet Security's entry into the Identity and Access Management Market, and will strengthen its offerings to the healthcare sector.

"We are pleased to complete this transaction and bring these complementary companies together," said Gary Fish, founder and CEO of FishNet Security. "Combining Logic Trends with FishNet Security enhances our own identity and access capabilities as well as gives us a presence in the fast-growing healthcare solutions space."

The deal will bring FishNet’s employee count to more than 500 people in nearly 30 offices. The company now projects its 2012 revenue to exceed $500 million.

"By combining our companies, we are able to leverage FishNet Security's resources to expand our service offerings on a national scale," said Ken Stone, former CEO of Logic Trends. "This provides a tremendous opportunity for Logic Trends and our associates. We are very excited to become part of FishNet Security."

Related Reading: Increased Spending Fuels Spike in Cyber Security Industry M&A Activity

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.