U.S. firm buys Victoria software company Echosec

Source: Times Colonist
Author: Andrew Duffy

 

Victoria’s Echosec Systems has been snapped up by a ­California company that hopes to be able to expand the ­company’s reach.

The seven-year-old software company monitors social media feeds and messenger ­applications to help spot security threats and potential problems. It is now part of the Tusker Fund, which ­specializes in growing small software ­companies.

Tusker founder Jeff ­Oldenburg, who will replace founding chief executive Karl Swannie at Echosec, intends to boost growth and expand ­product offerings at Echosec.

“Having spent months working with Karl and his team, I believe our people and product are truly best in class,” said Oldenburg. “I’m excited to deliver even better capabilities to our customers who depend on us for critical threat intelligence and I look forward to leading our next phase of growth.”

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