By Ross Wilkers
Mar 15, 2021
IronNet Cybersecurity, a company founded and led by retired Army Gen. Keith Alexander, has agreed to be taken public through a merger with blank check company LGL Systems Acquisition Corp.
McLean, Virginia-based IronNet will list on the New York Stock Exchange and trade under the ticker symbol “IRNT” upon the deal’s completion, which is anticipated in the third quarter.
The new company expects to receive approximately $267 million in net proceeds from the transaction and is seeking a $1.2 billion overall valuation, IronNet said Monday.
IronNet was started in 2014 by Alexander, the former director of the National Security Agency and head of U.S. Cyber Command. The company focuses on cybersecurity solutions for defense and other customers.
IronNet Cybersecurity to go public in SPAC merger deal valued at $1 2 billion bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
IronNet Launches New Enterprise Security Program Review Offering to Address Overlooked Cyber Risks
Multi-vendor approach for first NDR offering aligns with NIST cybersecurity controls
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MCLEAN, Va., Jan. 27, 2021 /PRNewswire/
IronNet Cybersecurity, the leader in Network Detection and Response (NDR) and Collective Defense, announced today the Enterprise Security Program Review (ESPR), a joint security offering with Unlimited Technology, Exero and DirectDefense. The first of its kind in the NDR space, the Enterprise Security Program Review measures the current and desired future state of an organization s infrastructure against the National Industry Standards and Technology (NIST) cybersecurity controls.