Lynx Technology Sells Managed IT Division, Doubles Down on Cybersecurity
As it continues to expand its cybersecurity and risk management services, Lynx Technology Partners is selling its Managed IT Services Business. The buyer is white glove IT consultancy firm AlphaRidge Inc. Financial terms were not disclosed.
Lynx says shedding its IT services business will enable it to increase investments towards core cybersecurity and risk management offerings. (That’s a familiar trend that we’re covering regularly on our sister site, MSSP Alert.)
According to AlphaRidge CEO Alex Margovsky, the acquisition offers his company an opportunity to strengthen and grow its service footprint. “Working with Lynx aligns with our strategy to lead the market and provide an invaluable level of support, security, and risk mitigation to businesses of all sizes,” he said.
AlphaRidge, which launched more than 15 years ago, specializes in supporting highly regulated and complex environments like the healthcare industry. The company’s suite of IT management services includes compliance reviews, network security, backup, disaster recovery, hosting, and cloud migration services. The New York-based company also supports legal and financial institutions, realty firms, and private equity groups around the US northeast.
AlphaRidge said it will continue to serve Lynx’s former managed services clients in the non-profit, management, and arts sector while managed services customers should expect no impact.
Lynx, meanwhile, is delving deeper into its cybersecurity and risk management offerings. The 30-year-old company has announced its Managed Security Services offering, which will provide log management, managed detection and response (MDR), SIEM as a Service, and compliance management to companies of all sizes.
The company also recently launched a fully integrated, Live-Virtual-Constructive (LVC) cyber range environment for demonstration, training, exercising, tool development, and testing full-spectrum cyberspace capabilities.
Security Triggers MSP Inflection Points
Numerous MSPs and VARs are rethinking their business models and productized services amid growing customer demand for cybersecurity expertise.
Some MSPs and VARs are simply building deeper security expertise, while others (such as Compuquip Cybersecurity and Kyber Security) are betting entirely on security by building out new business units or standalone companies, or shedding non-security engagements.