Infinite Group, Inc., a cybersecurity company based out of New York, announced last week plans to acquire information security company, Pratum.
Based in Ankeny, Pratum is an information security services firm founded in 2008 that helps guide organizations to the right balance of information security, IT risk management, and compliance.
“Pratum becoming part of IGI not only helps the company accelerate its goals, but also enables Pratum to grow and broaden its customer and partner bases,” said David Nelson, Founder and CEO of Pratum in a news release. “Our clients will be able to manage their cybersecurity strategy with Pratum, as an IGI company, and have access to some of the best software and services available in today’s market.”
The acquisition of Pratum expands IGI’s company portfolio and increases its nationwide customer base. Pratum will keep its name and operate as a wholly owned subsidiary under the IGI umbrella, joining IGI’s services division.
“We are thrilled to enter in this agreement with Pratum and add their unique services, talent, and established brand name in cybersecurity to IGI,” said Andrew Hoyen, President and COO of IGI. “We are focused on the continued success of Pratum, along with our other divisions and subsidiaries, leveraging synergies across the corporation to drive revenue and profitability growth. Pratum adds more breadth of services and complements the overall offerings IGI brings to the market.”
The transaction is expected to close in the first half of 2022.