Fortune 500 company Fidelis Cybersecurity officially acquired incident response and endpoint security firm Resolution1 Security from AccessData Group, the company announced this week.
Resolution1 Security, which was formed in November last year by AccessData, focuses on the Resolution1 Platform, an integrated incident response solution. Originally a spin-off business for AccessData, the platform-based company separated as a standalone business and had been generating substantial interest from a number of strategic investment buyers.
"After a careful review of our global portfolio and strategic goals, we concluded that this transaction is in the best interests of the customers, employees and investors at both AccessData and Resolution1 Security," Tim Leehealey, chairman of AccessData Group, told online news sources.
"The Resolution1 Platform has been an important offering within our company, but it's clear to us that there is greater long-term opportunity for the business within Fidelis Cybersecurity."