NSS Labs quietly acquired by private equity firm

Nancy J. Delong

BREAKING — Product or service tests company NSS Labs was quietly acquired by expense company Consecutive, Inc. in October, while neither company has formally introduced the offer.

SearchSecurity acquired files that show NSS Labs merged with an unnamed subsidiary of Consecutive, a non-public equity company based mostly in San Francisco. The files also show that NSS Labs’ bulk stockholders accepted the offer on Oct. 23, but economic phrases had been not disclosed.

NSS Labs and Consecutive did not answer to requests for remark at press time.

Update: NSS Labs and Consecutive emailed the pursuing statements to SearchSecurity: 

“This is a easy transaction and restructure. We restructured the business enterprise to far better situation for changes we see coming in the cybersecurity marketplace and make certain we have the ideal associates and construction to supply on our main mission,” NSS Labs CEO Jason Brvenik reported.

“Consecutive is happy to have the opportunity to commit in NSS and see a powerful long term for the company as it delivers a critical company to the security marketplace,” reported George Symons, controlling director of Consecutive, Inc.

Neither company commented on why the acquisition had not been introduced publicly.

Consecutive, which was founded in 2017, is a know-how-centered expense company focusing on businesses concerning $five and $20 million, in accordance to the company’s web page. It really is unclear if Consecutive has other investments further than NSS Labs, as none are outlined on the web page.

The final many several years have been tumultuous for Austin-based mostly NSS Labs in February 2017, endpoint security seller CrowdStrike filed a lawsuit against NSS Labs about unfavorable test outcomes for CrowdStrike’s Falcon system. The tests company issued a “warning” ranking for the vendor’s product or service, which CrowdStrike disputed and accused NSS Labs of defective tests.

In September 2018, NSS Labs filed an antitrust match against CrowdStrike, Symantec, ESET and the non-profit Anti-Malware Testing Expectations Corporation (AMTSO). The match alleged that the defendants engaged in a conspiracy to stop NSS Lab from independently tests the 3 vendors’ merchandise.

Final May perhaps, CrowdStrike and NSS Labs unexpectedly ended their two-yr lawful struggle and introduced a detailed settlement that solved CrowdStrike’s purpose in the test outcomes and antitrust satisfies. Phrases of the settlement had been not disclosed, but NSS Labs issued a “corrective statement” about the Falcon system test outcomes and built an apology to CrowdStrike.

NSS Labs dropped the antitrust match completely final December.

Other vendors have butted heads with NSS Labs in new several years. In 2018, Cisco refused to activate the Viptela software-described WAN product or service the tests company had procured for a product or service critique. Cisco’s transfer sparked a discussion about product or service licensing limitations for impartial testers.

Reporting in progress — whole story to follow.

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