Data Breach Response Provider, CyEx, Acquires Settlement Administrator, Simpluris Inc.

Data Breach Response Provider, CyEx, Acquires Settlement Administrator, Simpluris Inc.

May 20, 2024 at 04:18PM

CyEx, a cyber and data breach response solutions provider, has acquired award-winning class action settlement administrator Simpluris Inc. The acquisition aims to expand CyEx’s reach and enhance data breach restitution services for customers. Simpluris’ expertise in settlement administration complements CyEx’s focus, creating opportunities for growth and client service.

Based on the meeting notes, the key takeaways are:

– CyEx has acquired Simpluris Inc., a leading class action settlement administrator, to expand its capabilities in data breach response and class action market.
– The acquisition will enable CyEx to access new channels and provide data breach restitution to more customers.
– Simpluris will continue to operate as a standalone business within CyEx, preserving its leadership and industry expertise.
– Both CyEx and Simpluris are enthusiastic about the potential synergies between their respective expertise and technology-driven approach, enabling them to enhance client service and business growth.

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