East Hartford-based Atlantic Data Security agreed Tuesday to merge with a Massachusetts cybersecurity company for an undisclosed amount.
Netanium Inc. of Lowell, Mass., and the East Hartford company said the merger will grow their business opportunities and create a leading cybersecurity provider in the northeast. Netanium CEO Kevin Haley said the companies will be headquartered in East Hartford, which currently has 16 employees.
The companies will also maintain offices in Lowell, Buffalo, New York, and Charlotte, North Carolina, officials said.
Haley would not disclose the details of the merger, but said the deal would accelerate their growth. He said the companies will not reduce employees under the merger. Haley and Atlantics’ three principal owners will remain in their current posts.
“We complement each other very well and have similar skill sets and strengths,” Haley said.
The CEO said the companies began negotiating a merger in October, as he drew from his long-standing friendship with Atlantic Principal Eric Romkey.
Netanium took notice of Atlantic’s expansion in recent years, which includes securing several business opportunities outside of Connecticut, he said.
Given Netanium’s recently launched offices in Charlotte, North Carolina, and Atlantic’s presence in Virginia, Haley said it made sense for the companies to join forces.
“We were looking to expand and reached out to Atlantic over recent years,” he said of negotiating the merger. “The deal took some time but it came together relatively quickly.”
Atlantic was founded in 1993 and provides IT security for security products.
