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VersaBank's Wholly Owned Subsidiary DRT Cyber Inc. To Acquire Leading IT Security Testing Firm, Digital Boundary Group - Complements DRT Cyber Inc.'s Comprehensive Suite of Cyber Security Solutions
VersaBank's Wholly Owned Subsidiary DRT Cyber Inc. To Acquire Leading IT Security Testing...
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[{"type":"text","content":"\n \n \n \n VersaBank's Wholly Owned Subsidiary DRT Cyber Inc. To Acquire Leading IT Security Testing Firm, Digital Boundary Group - Complements DRT Cyber Inc.'s Comprehensive Suite of Cyber Security Solutions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n LONDON, ON, Nov. 25, 2020\n \n \n \n \n \n LONDON, ON\n \n ,\n \n Nov. 25, 2020\n \n /CNW/ - VersaBank (\"VersaBank\" or the \"Bank\") (TSX: VB) today announced that its wholly owned,\n \n Washington, DC\n \n -based subsidiary, DRT Cyber Inc. (\"DRT Cyber\"), has signed a definitive agreement to acquire all of the outstanding shares of privately-owned Digital Boundary Group (\"DBG\"), one of\n \n North America's\n \n premier information technology (IT) security assurance services firms.\n \n \n \n \n \n \n \n \n \n DBG provides corporate and government clients with a suite of IT security assurance services, that range from external network, web and mobile app penetration testing through to physical social engineering engagements along with supervisory control and data acquisition (SCADA) system assessments, as well as various aspects of training. DBG's clients range from some of\n \n Canada's\n \n largest retailers and financial service providers to Canadian and U.S. police service organizations and SCADA system reliant energy, public utilities and infrastructure firms.\n \n \n \"We have always viewed DRT Cyber as a platform from which to provide a comprehensive suite of innovative cyber security solutions that address high-demand, underserved segments of this rapidly growing market,\" said\n \n David Taylor\n \n , President and CEO of both VersaBank and DRT Cyber.  \"The acquisition of DBG significantly advances our strategy for DRT Cyber, adding a well-established, trusted, reliable, profitable and rapidly growing security assessment business alongside our protection offering, VersaVault\n \n ®\n \n , the world's first digital bank vault.  With this acquisition, now more than ever, DRT Cyber, provides VersaBank's shareholders with additional upside to the ...