HelpSystems continues expansion of security portfolio with acquisition of Beyond Security

May 12 2021
by Aaron Sherrill


HelpSystems, an IT management software firm, has acquired Beyond Security, a vulnerability assessment and management software provider. The addition of Beyond Security expands the company's security assessment and detection software stack, enabling organizations to leverage a single vendor to gain cybersecurity and automation capabilities that span networks, applications, endpoints and clouds.

Snapshot Snapshot




Beyond Security


Security testing services

Deal value


Date announced

May 11, 2021

Closing date



KPMG Corporate Finance

The 451 Take

According to 451 Research's Information Security, Organizational Dynamics 2020 survey, security testing expertise and skill sets are in high demand but remain in short supply for many organizations. Security testing is becoming increasingly prevalent for enterprises of all sizes and industries as organizations seek to rapidly identify and address vulnerabilities and weaknesses to reduce risk to acceptable levels. As cybersecurity threats continue to emerge and an organization's digital footprint continues to evolve, continuous testing is needed for enterprises to prepare for attacks, gain visibility, prioritize security investments, test the resilience of the organization's security posture and stay ahead of cybercriminals. Automated testing products like those offered by Beyond Security can be key for organizations that lack the expertise or resources to conduct continuous security testing at scale.

Deal details

As part of HelpSystems' cybersecurity portfolio, Beyond Security joins Digital Defense, Core Security and Cobalt Strike as the company seeks to build a comprehensive security assessment portfolio. HelpSystems plans to add Beyond Security's offerings to its infrastructure protection portfolio that includes a broad range of software services, including penetration testing, privileged access management, SIEM, security policy management, threat assessment, web application security, adversary simulation and red team operations software. The acquisition follows the company's purchase of Digital Defense in February. Terms of the transaction were not disclosed.

Target profile

Headquartered in Roseville, California, privately held Beyond Security was founded in 1999 by CEO Aviram Jenik and CTO Noam Rathaus. The company's portfolio spans products and services aimed at helping organizations test and assess IT, IoT and OT networks and assets as well as software and web applications for security weaknesses. Beyond Security offers three main products: beSECURE for vulnerability assessments, beSOURCE for static code security testing (SAST) and analysis, and beSTORM for dynamic security testing (DAST) for hardware and software assets. The company has an estimated 60 employees and reportedly serves over 3,200 customers in 100+ countries.

Acquirer profile

Founded in 1982, Eden Prairie, Minnesota-based HelpSystems is a broad-based provider of software and services for IT business process automation, document management, network and systems monitoring and management, and security. The firm was acquired by H.I.G. Capital in August 2015 and sold to HGGC in February 2018 for $1.2bn, which flipped most of the business to TA Associates and Charlesbank in late 2019. Earlier this month, Harvest Partners bought a minority stake in the company.

According to the 451 Research, HelpSystems has been an active acquirer over the past decade, with 26 acquisitions. Over the last 18 months, the company has made eight acquisitions focused on building out its cybersecurity portfolio. The company's most recent security deals include threat assessment provider Digital Defense in February, data protection SaaS provider Vera Security in January, data classification security SaaS providers Titus and Boldon James in June 2020, data loss prevention (DLP) provider Clearswift in December 2019, threat emulation specialist Cobalt Strike in March 2020, and the assets of Core Security, which were carved out of identity and access management provider SecureAuth.


The automated security testing space is growing rapidly as a variety of vendors and providers expand their offerings with new capabilities and features. While each can help identify weaknesses and provide greater visibility into the effectiveness and preparedness of the organization's security posture, providers are taking different approaches to deliver the desired outcome.

With the acquisition of Beyond Security, HelpSystems could find increased competition from network and asset vulnerability scanning and testing services such as those offered by Qualys, Rapid7 and Tenable. At the same time, the company will face competition from firms such as Pcysys, BreachLock, Vonahi Security, NetSPI and other providers seeking to modernize traditional testing models with automated platforms and services that deliver an array of security testing capabilities. Automated red teaming firms such as Randori, SCYTHE and BreachBits, as well as breach and attack simulation firms such as SafeBreach, Picus Security and Cymulate, will compete with HelpSystems for a share of security testing budgets.

On the application security testing front, HelpSystems will compete with Veracode, Qualys, HCL Technologies, Tenable, Synopsys, Micro Focus, Detectify and Checkmax, as well as a number of open source options.