Cryptek, a developer of identity and access control solutions, has signed a definitive agreement to purchase, in a cash transaction, substantially all of the assets of ION Networks, a provider of remote management and secure access products.
The ION PRIISMS management portal and proven SSL technology enable service providers, equipment manufacturers, federal agencies, and enterprise companies to securely manage, monitor, and protect critical voice and data networks.
Closing of this asset purchase is expected in late December, subject to ION shareholder approval and other customary closing conditions.
Bill Anderson, president and CEO of Cryptek, said: While remote management requirements are growing and experienced IT talent is scarce, organizations need to support their IT initiatives with proven, flexible, and auditable technology. In addition to the products that exist today, we see considerable opportunities for combining both organizations’ expertise into future innovative security products that will deliver significant value to both Cryptek’s and ION’s customers.