Gryphon Technologies, Inc. of Washington, DC announced on July 2 that it has acquired PGFM Solutions, LLC. Terms of the transaction, which closed on July 1, were not disclosed.
PGFM’s strategic
focus is on cybersecurity for U.S. Navy and Coast Guard shipbuilding and
modernization programs. PGFM applies cyber vulnerability assessment tools and
provides engineering services to perform risk assessment for machinery control
systems, electromagnetic compatibility, navigation, and integrated bridge
systems.
“With the addition
of PGFM, Gryphon strengthens its position as a leader in engineering for
national security and defense systems with a mature capability to develop
innovative cybersecurity solutions focused on shipboard machinery control
systems,” said P.J. Braden, CEO of Gryphon.
“PGFM is excited to
join Gryphon and take our cyber and engineering skills to the next level,” said
Pete Mauro, founder and CEO of PGFM. “Partnering with Gryphon will afford us
the opportunity to pursue new technology and business opportunities, which we
truly enjoy, based on our broader combined capabilities.”
“The acquisition of PGFM broadens Gryphon’s engineering capabilities to better serve its core customers through the cyber-hardening of critical control systems,” said Kirk Konert, a principal at AE Industrial Partners. “This has been a critical focus for Gryphon customers, and an area where we now believe the company will be able to provide unique solutions to solve customers’ most challenging issues.”
Source: Gryphon
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