Route1 Inc. Acquires Spyrus Solutions, Inc.
September 15, 2021
Route1 Inc. acquired Spyrus Solutions, a San Jose developer and manufacturer of cryptographic products, for approximately US$0.58 million in cash or assumption of debt plus potential earnout payments tied to gross profit thresholds. The acquisition brings Spyrus' hardware and software cryptographic products and a core engineering team (seven employees added) into Route1 to expand its data security capabilities and product offerings for government, defense, financial and healthcare customers.
- Buyers
- Route1 Inc.
- Targets
- Spyrus Solutions, Inc.
- Sellers
- Prior owners of Spyrus Solutions
- Industry
- Cybersecurity
- Location
- California, United States
- Transaction Type
- Buyout
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