ANX Acquires TruArx
Addition of TruArx Expands Compliance Solutions Portfolio for ANX
ANXeBusiness Corp. (ANX), a leading provider of networking and security managed services, today announced the acquisition of TruArx Inc., a provider of IT Governance, Risk and Compliance (GRC) solutions. This acquisition reflects ANX’s continued commitment to providing comprehensive managed security solutions. The addition of TruArx is ANX’s third acquisition within the security space this year and the seventh in the past four years, further strengthening ANX’s position in the global, vertical, and horizontal security and compliance markets.
Founded in 2001 and headquartered in Farmington Hills, MI, TruArx provides over 14,000 clients with cost-effective, easy-to-implement IT governance, risk and compliance (IT GRC) solutions. The TruArx software-as-a-service platform supports close to 500 regulations and standards. Clients can quickly implement and continuously review security to improve protection and reduce the cost of compliance and risk. By implementing these solutions, clients can optimize business performance and experience a higher return on security program investments.
“The relationships between IT Security, B2B Collaboration and Governance, Risk and Compliance requirements become more complicated and intertwined daily,” said Rich Stanbaugh, President & CEO of ANXeBusiness Corp. “This acquisition is a strategic move on ANX’s part to deliver a fully integrated security and compliance monitoring platform that will allow our joint customers to consolidate their compliance and risk management activities. We are very excited about the TruArx products and about the depth of talent we are adding to the ANX team.”
In October 2009, ANX and TruArx successfully launched OfficeScreen Complete with TruPCI. This solution provided a fully managed security solution coupled with PCI compliance tools to help retail merchants become and remain PCI compliant.
“A growing number of organizations are struggling to comply and keep up with changing regulatory requirements, while also attempting to minimize exposure to other business risks,” said Robert Capinjola, President & CEO of TruArx. “We are excited to join such a dynamic and customer-centric company like ANX and look forward to leveraging ANX’s broad range of services to enhance the offerings to our existing customers.”
This deal follows the acquisition of S2S Communications and ETSec earlier this year and two years after ANX acquired the assets of CSCI Inc., including the VPN portion of CSCI’s OfficeScreen business and the VPN division of Positive Networks Inc. Additionally, ANX completed the purchases of Management Information Systems Group (MISG) in December 2006 and Virtual Services, Inc. in July 2007.
ANXeBusiness Corp. (http://www.anx.com), is headquartered in Southfield, Mich., has offices in Research Triangle Park, NC, New Jersey, and San Diego. ANX is focused on providing network and information security solutions, unified threat protection technology, and managed services that enable secure content delivery within and between enterprises. ANX was recognized as one of the world’s largest software companies in Software Magazine’s Software 500. In addition, the company was also awarded the “Best of the Best Michigan Business” by Corp! Magazine and was named as a “Hot Company” for 2009 by Network Products Guide. The company’s foundation is built upon deep technical expertise, broad experience with mission-critical data connectivity, a passion for customer support and a proven record of supporting business needs across multiple value chains.
ANX is owned by One Equity Partners (http://www.oneequity.com), which manages investments and commitments for JP Morgan Chase & Co. in private equity transactions.