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Falcon Advises iThreat Cyber Group in its sale to Shorebreak iThreat Security, LLC, a subsidiary of NetPlus Telecom.

WAYNE, PENNSYLVANIA – 03/08/2023: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of iThreat Cyber Group (“iThreat”) to Shorebreak iThreat Security, LLC (“Shorebreak”), a subsidiary of NetPlus Telecom.

Based in New Brunswick, NJ, iThreat is an expert led cyber security managed services firm. Since 1997, iThreat has been providing leading edge internet investigative solutions that assist companies and organizations in monitoring, assessing, and analyzing potential and actual threats to intellectual property, brand, personnel, facilities, and supply chains. Utilizing a proprietary software platform and a highly skilled team of analysts, iThreat provides its threat monitoring and brand protection services to Fortune 100 clients across the entertainment, media, and pharmaceutical industries. SignalAlert, the proprietary software used by iThreat is an affordable and customized monitoring program that investigates relevant threats and threat actors while informing and assisting mitigation strategies through data-driven analysis. Through the combination of SignalAlert and experienced intelligence analysts, iThreat provides its clients with industry-leading brand, product, people, and asset intelligence solutions.

Shorebreak iThreat Security, LLC is a newly formed entity and subsidiary of NetPlus Telecom that will leverage iThreat’s technology and expert led team to drive continued growth and expansion into various verticals. Jeff Bedser, CEO and Shareholder of iThreat comments, “We believe the sale to Shorebreak is an excellent outcome that will drive synergies, collaboration, and growth in the years to come in providing industry leading service to our clients. We are excited to see the continued advancement and investment in our team through this partnership. We thank Steve Wasylenko and the entire Falcon organization who were extremely professional throughout this entire process and went above and beyond to achieve the best outcomes for our company, people, clients, and shareholders.”

Falcon served as the exclusive financial advisor to iThreat. Don Wanner, Director at Falcon, stated, “Falcon is both delighted and privileged to have worked with Jeff Bedser, CEO, and the entire iThreat team in transacting the business. This is one of several Cyber and Threat security engagements we have successfully represented. We have extensive relationships with NetPlus Telecom and believe this to be a great home for iThreat as the combination will generate material synergies.”

The terms of the transaction were not disclosed. This transaction represents Falcon’s continued expertise in the Cybersecurity, Technology, and Managed Services Space. The Falcon deal team was led by Managing Director Mark Gaeto, Director Don Wanner, and Senior Associate Steve Wasylenko. For more information, please contact Mark at mgaeto@falconllc.com, Don at dwanner@falconllc.com, or Steve at swasylenko@falconllc.com.