Ericom Software, a leading provider of Zero Trust Cloud Security Solutions, has been sold to Cradlepoint, a U.S. subsidiary of Ericsson
Ericom Software
Ericom Software delivers Zero Trust access and cloud security solutions to enterprises around the globe, keeping users and IT resources connected, productive and secure in today’s perimeter-less, distributed workplace environments. The company’s comprehensive security platform enables organizations to adopt Security Services Edge (SSE) and Zero Trust cybersecurity models, improving their security and productivity while reducing complexity and cost.
The Deal
Since its founding, Ericom has grown its original-host-system access and virtualization-focused portfolio into a broad set of Zero Trust cloud security solutions which protect organizations’ users, applications, data and networks. After experiencing robust growth in recent years, Ericom sought a strategic partner to accelerate growth. Lincoln International worked closely with Ericom management throughout the process, leveraging deep expertise in the cybersecurity sector and relationships with potential acquirers to drive a successful outcome for all stakeholders.
David Canellos, Chief Executive Officer of Ericom Software, commented, “Our growth in cybersecurity, driven by our global cloud security platform, has positioned us for a prosperous future. Through our successful partnership with Lincoln, we have found the right partner to help us deliver on our long-term goals within Secure Access Service Edge. We are eager to embark on this next chapter within the Cradlepoint and Ericsson family.”
Our Perspective
Don More, Managing Director in Lincoln’s Technology, Media & Telecom Group, stated, “We truly enjoyed working with Ericom’s great management team, led by a passionate, visionary Chief Executive Officer. We see tremendous opportunity for Cradlepoint and Ericsson to capitalize on the advanced and proven Zero Trust and cloud security capabilities of Ericom.”
Alejandro Yu, Director in Lincoln’s Technology, Media & Telecom Group, added, “We are thankful for the collaboration and confidence extended to us by Ericom’s management team and shareholders. The cybersecurity industry remains an extremely appealing and dynamic arena within the worldwide technology M&A landscape.”
Cradlepoint
Cradlepoint is a pioneer in Wireless WAN, offering advanced 4G and 5G routers and adapters — controlled through Cradlepoint NetCloudTM. Enterprise businesses and public sector agencies rely on Cradlepoint and its Cellular Intelligence to build a reliable, secure network wherever they need it, connecting fixed and temporary sites, vehicles, IoT devices and remote employees. Headquartered in Boise, Idaho, Cradlepoint is a wholly-owned subsidiary of Ericsson (NASDAQ: ERIC) and part of their Business Area Enterprise Wireless Solutions. For more information, please visit www.cradlepoint.com.
Ericsson
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. For more information, please visit www.ericsson.com.
Through our successful partnership with Lincoln, we have found the right partner to help us deliver on our long-term goals within Secure Access Service Edge.
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