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PDI acquires Cybera and ControlScan MSS to protect against security threats

PDI has acquired Cybera and ControlScan Managed Security Services (MSS), both of which are providers of managed security solutions to protect customers against cybersecurity threats.

PDI is a global provider of enterprise software solutions to the convenience retail and petroleum wholesale industries.

The acquisition complements PDI's existing industry-focused cloud product strategy, bringing customers a fully managed, cloud-based network security solution, the company states.

PDI CEO Jimmy Frangis says, "Security is becoming increasingly important in our industry as many businesses embrace their own digital transformation and deploy more in-store applications and edge devices.

"We are excited to add these industry-leading solutions from Cybera and ControlScan MSS to our portfolio. We look forward to welcoming their teams, and together we can serve our customers needs now and in the future."

In addition to a growing network of mission-critical applications, this industry has seen a surge in IoT data from the proliferation of edge devices such as POS systems, payments, tank gauges, digital displays and self-service kiosks that capture data and serve as a potential threat vector for would-be cyber attacks, the company states.

Securing those networks and devices, particularly where distributed enterprises have limited IT staff, is critical to ensure customer trust and loyalty to the brands and locations they operate.

With this latest announcement, PDI expands its global reach and enters the cloud security and software-defined wide-area networking (SD-WAN) space, creating a new line of business called PDI Security Solutions, the company states.

PDI will be providing convenience retailers, quick-service restaurants (QSR) and other multi-site operators with proven technology and expertise to protect their data, applications, systems and customer experience.

Cybera and ControlScan MSS have spent years building their domain expertise, and together will combine to bring:

  • Purpose-built security solutions and managed security services to help customers secure their enterprise and consumer experience
  • Experience serving a variety of customers, from global companies to small business operators
  • A unified goal of simplifying the complexity of managing, monitoring and protecting distributed enterprises against cyber threats

Cybera CEO Andrew Lev says, "Combining our innovative solutions, teams and expertise with PDIs proven offerings and commitment to delivering great customer service is a natural fit. We're excited to be a part of PDI."

ControlScan CEO Mark Carl says, "We look forward to joining PDI and delivering best-in-class managed security services to businesses around the world. As a unified team, we will protect and defend our customers against today's most significant cybersecurity threats."

Jefferies LLC and Raymond James Financial Inc. served as exclusive financial advisors to Cybera and ControlScan respectively in connection with the transaction.