Threatcare, an Austin-based cybersecurity firm founded by Marcus J. Carey, has been acquired by Tampa-based ReliaQuest.
The financial terms of the acquisition were not disclosed.
Under the deal, Carey will join ReliaQuest’s office of the Chief Technology Officer and the rest of the Threatcare team will join ReliaQuest in various roles.
ReliaQuest plans to integrate Threatcare’s technology including its attack simulation capabilities into its GreyMatter security platform. It plans to make it available to its customers early next year.
“We are focused on delivering operational excellence and world-class cybersecurity outcomes through GreyMatter, so we jumped at the opportunity to offer our customers an even stronger platform,” Brian Murphy, CEO at ReliaQuest, said in a news release. “By combining Threatcare’s attack simulation technologies with GreyMatter, we are enabling better visibility, real-time insights and more control over enterprise security programs. I’m also personally thrilled to welcome Marcus and colleagues to the team, given their exceptional talent and our shared vision for proactive Security Model Management.”
“ReliaQuest is the secret weapon of some of the world’s most trusted brands and is exactly the kind of company I like to be a part of,” Carey said in a news release.
Carey is well known in the Austin technology community. He is a Cybersecurity expert who has co-authored a bestselling book: Tribe of Hackers. He also has participated in two Austin-based accelerator programs.
In 2015, Carey went through the Bunker Labs Austin accelerator, which focuses on helping veterans launch companies.
At that time, Carey’s company was named vThreat, a software as a service platform that does enterprise attacks and solutions to show companies where their vulnerability exist on their network.
Carey previously served in the U.S. Navy as a cryptologist stationed on a ship in Scotland and at the National Security Agency in Maryland. He originally launched the company in Herndon, Virginia after participating in a special cybersecurity incubator. But he’s from Marlin, Texas and he relocated the company to Austin. The company, which had raised $650,000 in seed-stage funding, originally worked out of Capital Factory but moved into its own offices.
In 2017, the company, now called Threatcare, graduated from the Techstars Austin accelerator program. At that time, Threatcare had seven full-time employees with plans to add two more and it had raised $2 million in funding.
ReliaQuest, founded in 2007, has raised $30 million in private equity funding in 2016, according to Crunchbase. The privately held company has more than 300 employees, according to its LinkedIn profile.
