Seeking to expand its base of customers, Columbia-based cybersecurity company Tresys Technology agreed to sell itself to private equity firm Behrman Capital. Retired Marine Corps Gen. Peter Pace, who once held the nation’s highest-ranking military officer job and now works for Behrman, will become chairman of the company’s board.
Gary Latham, the chief executive of Tresys, will continue to run the company’s daily operations. He said the cybersecurity firm made a “conscious decision” to look for a partner and potential buyer.
Tresys was seeking “a company that had the appetite to support some additional investments to grow the business and also who had the kind of footprint and contacts and resources” that would benefit it, he said.
The 14-year-old company, which also has an office in Ashburn, was founded to focus on cybersecurity. It started with building security into operating system platforms, but then moved into software and applications, such as appliances that filter and inspect traffic. The company has also produced open source software.