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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