Herjavec Group Announces $250M expansion with Acquisition of Dallas Cyber Security Integrator
FOR IMMEDIATE RELEASE
TORONTO – April 14, 2014 – Robert Herjavec, Founder and CEO of Herjavec Group and star on ABC’s Shark Tank, is pleased to announce the acquisition of privately held Galaxy Tech, a Dallas based leading security integrator with key clients in every US state. Following the April 15 close, Galaxy Tech will be rebranded as Herjavec Group and represents its seventh acquisition in the past decade.
The Galaxy Tech acquisition is critical to Herjavec Group’s major expansion into the fast growing U.S. cyber security market. Herjavec Group is Canada’s leading MSSP (Managed Security Services Provider) and integrator – having grown sales from $400K to over $125 million in less than 10 years! “While I always knew we had a world class team,” Robert Herjavec remarked, “recent engagements have proven to me that we can compete and add value on a global scale to our clients.” The acquisition is part of a 3 year $250 million planned expansion including nearly doubling its cyber security talent to 250 people. Dallas, Texas will become Herjavec Group‘s US head office with regional offices opening this quarter in Los Angeles, New York, Chicago, and Miami. A world-class Security Operations Center (SOC) will be built in Dallas leveraging the state of the art technologies from the three Herjavec Group SOCs (two in Canada and one in European Union).
Galaxy’s President and Founder, Justin Gallo, will lead Herjavec Group’s US sales expansion. Herjavec comments, “Justin has an excellent customer focused approach and I look forward to him leading our rapid US growth. Justin’s focus on customer value fits in well with Herjavec Group culture.”
To augment its cyber security talent, Herjavec Group is proud to announce the hiring of Atif Ghauri as Chief Technology Officer (CTO) for US operations. “I am thrilled to have Atif leading our US technical group, as he is one of the top security and operations architects – in the world!” says Herjavec. Ghauri joins Herjavec Group from Comcast Corp. where he was head of security, and led XFINITY home security and automation. He previously held positions at IBM consulting and holds a Masters in Technology Management from Wharton; he has been published extensively and holds a patent for a fraud algorithm.
Herjavec Group has quickly built its excellent reputation as a trusted, practical cyber security partner including recently spearheading a successful response to a massive business breach coordinating with all security partners including the US government. Herjavec adds, “We are investing millions to build the infrastructure and develop the talent to protect our customers’ reputations and their ability to operate effectively in this threatening global environment. Our expansion into the United States is well ahead of schedule and we have achieved our one year sales target in the first sixty days.”
About Herjavec Group
Dynamic IT entrepreneur Robert Herjavec founded Herjavec Group in 2003, and it quickly became one of North America’s fastest-growing technology companies. Herjavec Group delivers managed security services globally supported by a state-of-the-art, PCI compliant Security Operations Centre (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including consulting, compliance, risk management & incident response. Herjavec Group has offices globally including three headquarters in Toronto (Canada), New York City (USA) and Reading (United Kingdom). For more information, visit www.herjavecgroup.com.
Download the press release here.