HelpSystems Acquires Fox Technologies to Expand Cybersecurity Portfolio

Minneapolis, MN, December 13, 2017—HelpSystems announced today that it has acquired Fox Technologies, a solution provider in the cybersecurity industry since 2001, from Parallax Capital Partners. Fox Technologies solutions help organizations tighten security by centralizing Linux and Unix identity and access management. With the acquisition, HelpSystems can help customers manage user privileges—granting employees the right amount of access necessary to perform their jobs—across a greater range of operating systems. This capability is critical as most cyberattacks are carried out by company insiders. It also protects organizations from outsider attacks because fewer users have elevated privileges, limiting the exposure of sensitive data if credentials are compromised. 

 

“Opportunistic employees often gain unauthorized access to critical information due to weak or poorly enforced security policies,” said Chris Heim, CEO, HelpSystems. “Protecting businesses from these attacks is where Fox Technologies solutions excel. In fact, members of the Fortune 500 trust Fox Technologies to enforce granular security controls and achieve compliance with strict regulatory guidelines.”

 

This solution adds to HelpSystems’ growing cybersecurity portfolio, which features anti-virus, vulnerability and security scanning, and managed file transfer for Unix and Linux-based platforms. This is particularly relevant as a growing number of businesses use Linux in their cloud networks. Ultimately, HelpSystems believes it will be able to help organizations worldwide keep systems and data safe on hundreds or thousands of servers with fewer resources required.

 

“Since our first introduction to the Fox Technologies team and solution set, we knew there would be a great fit with HelpSystems,” said Dan Mayleben, CFO, HelpSystems. “Our two companies are equally committed to helping businesses with the growing problem of cybersecurity. We look forward to continuing to enhance the Fox Technologies product line to help our customers secure their networks now and for years to come.”

 

“We’re pleased to be joining the HelpSystems family and are impressed by how their array of solutions helps solve pressing problems for IT organizations,” said Vic Shepherd, CEO, Fox Technologies.

 

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