An Atlanta software holding company focused on convenience stores and petroleum wholesalers around the world has acquired Franklin-based managed security services marketer Cybera.
The deal closed this week alongside PDI’s acquisition of the managed security services division of ControlScan, which is based in Lexington, Kentucky. The two businesses will work alongside each other under the umbrella of a new PDI security solutions group. Terms of the purchase by PDI aren’t being disclosed, but trade publication
Buyouts reported
in mid-2019 that a deal could be worth between $250 million and $300 million.
Cybera, which had been owned by private equity firm Sumeru Equity Partners and Adams Street Partners, employs about 110 people locally and another 20 people at offices in Silicon Valley and London. The company was founded in 2001 and attracted big-name clients such as Shell, Mapco, Captain D s and Applebee s as it built out its cloud-based network security services over the ye
3Gtms Names Paul Brady Chief Executive Officer
December 16, 2020
King of Prussia, PA, Dec. 16, 2020 3Gtms, LLC announced today that Paul Brady has been named chief executive officer. Brady was selected following the retirement and transition to 3Gtms Board of Directors of Mitch Weseley, who founded 3Gtms and served as CEO for more than 10 years.
Brady brings more than 25 years of operating experience as a chief executive officer and senior executive leading a wide-range of technology organizations, from traditional software and SaaS to managed-service business models. Brady’s long track record of success includes start-ups, growth companies, and complex multinational businesses.
“It’s an honor to be able to pass the mantle of 3Gtms leadership over to an executive the caliber of Paul Brady,” said Weseley. “Paul’s impressive track record in growing technology companies will bring incredible value to 3Gtms customers, partners and stakeholders.”