As Optiv adds to its portfolio of service offerings, the company is also preparing for an eventual IPO that would bring new funds into the business for acquisitions along with liquidity for employees, CEO Kevin Lynch tells CRN.
Cybersecurity powerhouse Optiv is doubling down on vulnerability management and adding to its portfolio of managed security services, while also keeping an eye on the right timing to pursue an initial public offering, executives told CRN.
Optiv—No. 24 on CRN’s 2023 Solution Provider 500—is undertaking numerous expansion initiatives driven by intensifying cyberthreats and evolving customer needs, top executives said in a series of recent interviews.
At the same time, Optiv has been laying the groundwork for an IPO that would aim to bring new funds into the business for acquisitions along with creating liquidity for employees, according to CEO Kevin Lynch.
For those reasons, the goal is to eventually go public rather than be acquired, Lynch said. And “we are in a position where, when it’s right for us, we can go out [for an IPO],” he told CRN.