root9B, LLC acquired by Tracker Capital Management
root9B, LLC of Colorado Springs, CO announced on September 28 that it has been acquired by an affiliate of Tracker Capital Management, LLC, an early stage investor focused principally on emerging technologies and companies with the potential to advance U.S. national security interests.
root9B will now operate as an independent, privately-held company with no affiliation with root9B Holdings, Inc. (NASDAQ: RTNB). It will continue to be headquartered in Colorado Springs and led by its existing management team.
“root9B is delighted to announce our new ownership, which provides us the capital required to eliminate debt from our balance sheet and fund our strategic growth initiatives,” said Eric Hipkins, root9B chief executive officer. “Our team remains committed to bringing experience, excellent service, and next generation cyber solutions to our clients. Our customers, employees, and other stakeholders can rest assured that we are well-positioned to maintain and build upon our leadership in the cybersecurity industry, and successfully move forward into our next phase of growth.”