To create subsidiary merging Aurionpro's Enterprise Security division and Spikes Security
Aurionpro Solutions has signed definitive agreement to acquire Spikes Security, a Silicon Valley pioneer of network based Web Malware Isolation products. The deal is aimed to be a game changer for advancing the market momentum for its Enterprise Security business.The transaction will create a dedicated subsidiary focused on Enterprise Security by merging Aurionpro's Enterprise Security division and Spikes Security. The subsidiary will be headquartered in Silicon Valley with global operations in North America, Europe, Asia and Australia.
The new subsidiary attracts fresh equity investment from new and existing investors including Benhamou Global Ventures and Javelin Ventures Partners. Aurionpro will own 80% of the new combined subsidiary. The closure of the merger process is targeted to be completed in six weeks.
The new subsidiary will have Michael Mansouri as CEO and Swapnil Mehta as President.
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