Addition of Logic Trends Marks FishNet Security’s Entry into Identity and Access Management Market, and Strengthens Healthcare Solutions Focus
KANSAS CITY, MO — (December 20, 2011) — FishNet Security announced today it has acquired Logic Trends Inc., a leading information security provider of identity and access management solutions.
Since its founding in 2002, Logic Trends has established itself as the premier services provider of identity and access management solutions, and has been widely recognized for its rapid growth and industry expertise.
“We are pleased to complete this transaction and bring these complementary companies together,” said Gary Fish, founder and CEO of FishNet Security. “Combining Logic Trends with FishNet Security enhances our own identity and access capabilities as well as gives us a presence in the fast-growing healthcare solutions space. The combination will expand our service offerings, strengthen our position in growing markets and enable us to further bolster our strong management team.”
This acquisition enables FishNet Security to expand its portfolio of services to include a comprehensive solution for identity and access management needs. With its national footprint, extensive service offerings and a strong commitment to customer satisfaction, FishNet Security is using this acquisition to further enhance its role as the market’s leading information security provider.
“By combining our companies, we are able to leverage FishNet Security’s resources to expand our service offerings on a national scale,” said Ken Stone, former CEO of Logic Trends. “This provides a tremendous opportunity for Logic Trends and our associates. We are very excited to become part of FishNet Security.”
With this acquisition FishNet Security now employs more than 500 associates across nearly 30 offices and is projecting its 2012 revenue to exceed $500 million. This acquisition further strengthens FishNet Security’s position as the largest and most respected information security provider in the United States.