FishNet Security, Accuvant Merger Complete

Security service providers Accuvant and FishNet Security announced the closing of their previously announced merger into a single entity.

The combined company is expected to launch with a new name and marketing brand in the second half of 2015, with company executives promising to deliver bigger and better solutions than before. Together, Accuvant and FishNet netted a combined 2014 revenue of $1.5 billion, according to the announcement.

“Our combined organization will offer a comprehensive suite of end-to-end services and solutions ranging from strategy to tactical and everything in between, enabling organizations to rely on one trusted source for all their information security needs,” said Dan Burns, chief executive officer of the new company, in a statement. “We will work to deliver benefits to our customers and partners, enhance the career opportunities for our employees, and create value for our shareholders.”

Although the official name of the company is still unknown, Accuvant and FishNet did reveal the members of its new management team, with three quarters of the executive team from Accuvant taking on roles in the new company, according to CRN. Major players include:

“After months of planning, we are excited to realize our shared vision of creating the nation’s premier cyber security solutions provider,” said Williams. “I am excited to work with our new leadership team, and committed to the successful execution of our integration and our long-term strategy.”

Current FishNet CEO Richard Fennessy told CRN in November that the companies did not plan to lay off any of their combined 1,400 employees.

The official launch date of the new company has yet to be announced. Accuvant and FishNet will continue to operate under their current names and as separate companies as they continue to ingrate their operations.