Information on the Target

Cyberbit, a prominent leader in hyper-realistic attack simulation cyber ranges and Security Operations Center (SOC) readiness, has announced its acquisition of RangeForce, an innovator in cloud-based cyber ranges and scalable training exercises for both individuals and teams. This strategic merger combines the expertise of two industry leaders, enhancing their capabilities to deliver one of the most advanced cyber readiness platforms globally. Powered by artificial intelligence (AI) and grounded in realism, the unified company aims to effectively prepare cybersecurity teams for the ongoing threats they confront.

Both Cyberbit and RangeForce are recognized in the “Forrester Wave™: Cybersecurity Skills & Training Platforms,” with Cyberbit being named a Leader and RangeForce earning the designation of Strong Performer. Their combined efforts will offer a holistic training experience for cybersecurity professionals, equipping them with tools necessary for navigating today's complex cyber threat landscape.

Industry Overview

The cybersecurity industry in the United States is rapidly evolving due to increasing cyber threats and regulatory demands for enhanced security measures. Organizations across sectors are tasked with ensuring resilience against dynamic threats, particularly as the sophistication of attacks continues to escalate. In this context, training for cybersecurity teams has become critical, making platforms like those offered by Cyberbit and RangeForce essential for effective defense strategies.

The demand for effective training solutions is driven by boards and regulatory bodies requiring proof of organizational resilience. As cyber incidents proliferate, Chief Information Security Officers (CISOs) are under pressure to deploy rigorous preparedness measures. The integration of AI into training platforms allows for adaptive methodologies that provide personalized learning experiences, making training more relevant and effective.

Moreover, the market for cybersecurity skills and training solutions is gaining momentum as organizations strive to address talent shortages and upskill existing personnel. With a growing emphasis on realistic training environments that simulate actual cybersecurity challenges, the need for companies that specialize in this arena has never been more pressing, presenting significant growth opportunities for industry leaders.

The Rationale Behind the Deal

The acquisition of RangeForce by Cyberbit aligns with their vision of enhancing the capabilities of cybersecurity professionals. This collaboration not only expands their offerings but also enables them to provide a comprehensive training ecosystem that covers all levels of expertise, from novice analysts to advanced defenders against sophisticated cyber threats.

The deal is seen as a critical step in responding to the escalating demands of the cybersecurity landscape. By uniting both companies, the new entity can leverage the strengths of each to provide a seamless learning journey, enhancing customer accessibility to advanced training solutions while addressing the evolving needs of today's cybersecurity workforce.

Information about the Investor

The acquisition was facilitated by Charlesbank Capital Partners, a prominent financial sponsor with robust expertise in technology investment. They are known for identifying and nurturing innovative companies that are poised to lead in their respective markets. Their strategic backing of Cyberbit reinforces the importance of this acquisition in bolstering the cybersecurity sphere.

Charlesbank Capital Partners' Managing Director and Co-Head of Technology Opportunities, Darren Battistoni, expressed optimism about the merger, stating it represents a significant advance in organizational preparedness to tackle modern cyber threats. Their involvement not only underscores their commitment to fostering technological advancements but also highlights the transformative potential of the combined companies.

View of Dealert

The merger between Cyberbit and RangeForce is positioned as a significant milestone in the cybersecurity training landscape, bringing together two innovative organizations that are firmly dedicated to enhancing defender readiness. With the integration of advanced AI capabilities and realistic training environments, the new company is well-equipped to provide unparalleled training solutions tailored to the needs of a diverse client base spanning commercial, enterprise, and government sectors.

Given the increasing pressure on organizations to demonstrate cybersecurity resilience, this acquisition can be seen as a timely move that not only enhances the training landscape but also reinforces the importance of proactive measures in cybersecurity. By bridging the gap between theoretical knowledge and practical application, the combined platform offers a much-needed solution for organizations striving to strengthen their defenses against contemporary threats.

Furthermore, the expansion of training capabilities and resources that this merger entails signifies a broader recognition of the need for continuous learning and adaptation within the cybersecurity domain. This positions the combined entity as a frontrunner in providing comprehensive, state-of-the-art training methodologies designed to keep pace with the evolving threat environment.

Overall, the deal is anticipated to yield long-term benefits and is likely to serve as a pivotal moment that influences how organizations prepare their teams to face the relentless challenges of cybersecurity.

View Original Article