is going public today through what has been called a “,” where investors put money into a for the purpose of acquiring another company or companies.
SCVX will then use the estimated $200 million from the IPO, known as a special purpose acquisition company (SPAC), to acquire cybersecurity companies.
The idea is to consolidate a lot of different security applications into a single, “highly capable, well-resourced, publicly traded company.”
Image Credit: SCVX
As Hank Thomas, chief technology officer and board director at explained in an email to VentureBeat, the cybersecurity market is fragmented.
“It has grown to look at lot like the vitamins and supplements industry,” Thomas wrote. “If you start to take too many, it’s