Cerberus Sentinel Acquires RED74
The financial terms of the acquisition were not disclosed when the deal was announced on Thursday.
RED74 is a privately held company whose clientele are primarily in the financial services and distribution/warehouse management sectors. It was launched in the summer of 2009 and operates from an office in Pennington.
The company's team provides information technology managed services and key IT security management expertise to small and medium-sized businesses (SMBs) in New Jersey, Manhattan, and Eastern Pennsylvania.
Under the terms of the agreement, RED74 will continue to be based in New Jersey but will become a wholly owned subsidiary of Cerberus Sentinel, which is sited in Scottsdale, Arizona.
“A strong cybersecurity stance is crucial not only to IT resource management, but to the core business functions of all organizations,” said Tim Coleman, president of RED74.
“We are thrilled to be a part of the Cerberus Sentinel team and contribute to the mission of ensuring the protection and continued success of our customers.”
David Jemmett, CEO and founder of Cerberus Sentinel,