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.”