Snell & Wilmer Represents Lumifi in Acquisition of CastraOctober 13, 2023
PHOENIX - Snell & Wilmer advised Lumifi®, a leading innovator in cybersecurity and managed detection and response (MDR) services offering Fortune 500-level security solutions to support security-conscious teams, in its acquisition of Castra Managed Security, a respected enterprise-level MDR firm. Castra specializes in Exabeam, a security information and event management (SIEM) platform. The acquisition is expected to allow Lumifi to expand its capabilities and reinforce its commitment to the Gartner Visibility triad, while relying on Castra’s expertise in Exabeam to expand its SIEM.
Lumifi unveiled its plan to expand its portfolio by targeting similar cybersecurity firms. This strategy is underscored by this $14 million Castra acquisition. Merging elite cybersecurity analysts with cutting-edge systems, Lumifi upholds a gold standard in safeguarding its premium clientele. The company is poised to secure two to four more acquisitions in the coming nine to eighteen months.
“We’re thrilled to join forces with Castra. This collaboration strengthens our SIEM capabilities, offering our clients more choices and control in designing their security architectures,” stated David Norlin, CISO of Lumifi. Michael Malone, CEO of Lumifi, emphasized, “With the escalating threats in cybersecurity, partnering with Castra leverages our growth capital to bridge the cybersecurity skills gap, ensuring robust defenses against evolving threats.”
Tony Caldwell and Bryce Morgan led the Snell & Wilmer team advising Lumifi in the deal. The diverse team included Nicole Smith, Robert Ito, law clerk Angela Kim and paralegal Sharon Ferraro (Corporate); Bahar Schippel and Tyler Eddington (tax); Craig O’Loughlin and Tyler Thomas (labor and employment).
About Snell & Wilmer
Snell & Wilmer’s mergers and acquisitions attorneys are well-versed in providing strategic, innovative legal and business services for complicated corporate transactions. They have extensive experience with transactions in a variety of industries, including highly regulated industries where the intersection of business and government requires a particularly strategic and risk-sensitive approach. Their experience, coupled with deep industry knowledge, allows them to provide thoughtful, innovative, and comprehensive solutions for all their clients. Snell & Wilmer’s clients include sellers, buyers, investors, banks and bankers, venture capital firms, private equity firms, institutional lenders, independent directors and committees, management groups, creditors, and creditor committees.
Lumifi, headquartered in Scottsdale, is a vanguard in the cybersecurity industry, dedicated to protecting digital assets and fortifying cyber defenses for businesses across the board. With a team of experts and state-of-the-art technology, Lumifi is shaping the future of cyber safety.