What's Happening?
MorganFranklin Cyber, a cybersecurity consulting and managed services firm based in Charlotte, North Carolina, has announced the acquisition of Lynx Technology Partners. Lynx, headquartered in Cincinnati,
specializes in cybersecurity and risk management services. The acquisition aims to integrate Lynx's offerings in governance, risk, and compliance-as-a-service (GRCaaS), third-party risk management-as-a-service (TPRMaaS), and risk operations center-as-a-service (ROC) into MorganFranklin's operations. Aric Perminter, the founder and chairman of Lynx, will join MorganFranklin as managing director for client relations, reporting to Chief Revenue Officer Ferdinand Hamada. This move follows MorganFranklin's acquisition by private equity firm MC Partners earlier this year.
Why It's Important?
The acquisition of Lynx Technology Partners by MorganFranklin Cyber is significant as it strengthens MorganFranklin's position in the cybersecurity sector, a field that is increasingly critical due to rising cyber threats. By integrating Lynx's specialized services, MorganFranklin can offer more comprehensive solutions to its clients, enhancing its competitive edge. This move is likely to benefit businesses seeking robust cybersecurity measures, as they can access a wider range of services under one umbrella. Additionally, the acquisition reflects the ongoing trend of consolidation in the cybersecurity industry, driven by the need for scale and expertise to address complex security challenges.
What's Next?
Following the acquisition, MorganFranklin Cyber is expected to focus on seamlessly integrating Lynx's services and team into its operations. This integration will likely involve aligning business processes and client management strategies to maximize the synergies between the two firms. Stakeholders, including clients and employees, will be closely monitoring the transition to ensure that service quality and client relationships are maintained. The acquisition may also prompt further strategic moves by MorganFranklin to expand its market presence and service offerings in the cybersecurity domain.
