New York, NY (June 19, 2014) – Moneo Technology Solutions, LLC (“Moneo” or “the company”), a provider of information security services, network solutions, and mission critical infrastructure products, announces a number of corporate milestones since the Company’s founding in June of 2013. Most notably, Moneo secured long-term funding and executed strategic transactions, positioning the company for significant further growth in the second half of 2014 and beyond.
Commenting on the Company’s expansion, Moneo’s Chief Executive Officer, Robin Mayo noted: “With these acquisitions we have dramatically enhanced our capability to support our clients’ critical business needs and investments and have significant resources at our disposal to grow further.” Tom Duffy, Chief Operating Officer of Moneo, added “Moneo now offers a broad range of value added services that help our clients mitigate risk, manage compliance, optimize performance, reduce costs, and maximize uptime of their IT networks.”
Moneo acquired IGX Global, a security and network infrastructure provider in May 2013, after securing capital to fuel initial growth. The Company soon after acquired Foresite Technologies, an information security and network solutions provider. Moneo established headquarters for Foresite in Overland Park, Kansas, expanded our London office and opened new offices in Boston, New York, and Connecticut. Following these advances, Moneo expanded its data center reach, and will be increasing its offerings for small and medium sized businesses with acquisitions that will be announced later this year.
To complement this growth and expansion, Moneo made several new hires and internal promotions. Michael Giuffrida was promoted from CEO of Foresite to President of IGX Global and leads IGX’s US and UK divisions. Marc Brungardt was hired as the new President of Foresite, and has been closely involved in Moneo’s efforts to hire developers with experience building our MSSP offerings. John Lavelle was hired as controller to head the company’s back office operations.
Additionally, a significant investment was made with the creation of our development team to create our next generation security management software. Clay Wilson was hired as Vice President of Global Security Operations, joining us from H&R Block. Further key hires for Foresite include Jason LeDuc, head of the Threat Mitigation Compliance and Assessment practice as well as the promotion of Tracy Fox to lead small and medium-business sales and to focus on compliance and assessment services. Tracy will continue to work very closely with the Threat Mitigation practice. Robert Reilly was hired to lead IGX Global’s US sales efforts and Marc Sainsbury was hired as head of sales in Europe.
One of the first accomplishments of this new team was IGX’s launch of the new INSIGHT third party product maintenance offering, and Foresite’s release of ProVision, the company’s proprietary next-generation management platform. The efficiencies of scale in Foresite and IGX, along with an industry leading security monitoring service, will allow Moneo to offer more data protection solutions, infrastructure products and compliance services for its clients. Further product releases are also expected later this year.