McLean, VA — August 4, 2021 — IronNet Cybersecurity, in its mission to transform cybersecurity through Collective Defense, announced today expanded support for detecting and preventing cyber attacks in Microsoft Azure. As a Microsoft partner, IronNet and its Collective Defense platform provide support that enables its Microsoft customers to execute safe and seamless migrations to the cloud amidst the aggressive volume and increasing sophistication of cyber threats.
IronNet’s Collective Defense platform includes IronDefense, for network detection and response (NDR), and IronDome, which shares anonymized threat data in real time within a secure community ecosystem — providing community members with a new level of visibility into potential incoming threats.
Through a bi-directional integration between IronNet’s network detection and response (NDR) solution, IronDefense, and Microsoft Azure Sentinel (SIEM), customers can create investigations and/or response workflows within Azure Sentinel on threats targeting Azure infrastructure.
IronNet also released its Azure cloud sensor, which brings enhanced NDR capabilities to Azure IaaS environments. This sensor allows enterprises to monitor network traffic, apply advanced behavioral analysis, and capture full PCAP for forensic analysis.
In addition, IronNet has developed an integration with Microsoft 365. Through Microsoft 365 Audit Logs, IronDefense provides actionable insights on anomalies and behaviors indicating malicious activity. By correlating these behavioral detections within IronDome, IronNet gives customers the ability to identify common threats across participants. Using Microsoft 365 combined with network based detections gives customers critical insights on advanced threats leveraging multiple vectors.
ITC Secure, a Managed Security Services Provider (MSSP), applies IronNet’s IronDefense NDR capabilities to ensure the reliability and security of its Azure infrastructure amidst the increasing danger of cyber attacks. In addition, with IronNet’s Collective Defense capabilities running across its entire network, ITC is able to detect and respond to anomalous behavior and potential threats in real-time to better protect both itself and its customers.
“IronNet’s Collective Defense solution goes above and beyond traditional cybersecurity systems,” said Arno Robbertse, CEO of ITC Secure. “It gives us the support and resources we need to accelerate the protection of our Microsoft Azure infrastructure against highly sophisticated and otherwise undetectable attacks. Our analysts are able to bridge visibility gaps through a holistic approach to cyber defense with early and real-time threat detection.”
“As companies continue to host more of their core business functions and data in the cloud, hackers will keep innovating to target these environments. IronNet recognizes the importance of providing best-in-class cyber defense resources for Microsoft Azure users,” said Bill Welch, Co-CEO of IronNet. “Our latest developments help companies maximize the protection of their on-premise and cloud networks to protect themselves and their customers from malicious attacks.”
“We are pleased to see companies like IronNet add value by integrating their solutions with Microsoft Azure,” said Scott Woodgate, senior director of marketing, Azure Security, Microsoft. “As cyberattacks continue to impact private and public sector organizations, including those in critical infrastructure, our mutual customers rely on proactive solutions from cybersecurity companies like IronNet to help protect their core business operations.”
Visit ironnet.com for more information. The reference to IronNet’s website address does not constitute incorporation by reference of the information contained at or available through IronNet’s website, and you should not consider it to be a part of this press release.
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet Cybersecurity is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today. In March of 2021, IronNet and LGL Systems Acquisition Corp. (NYSE: DFNS) (“LGL”) announced that they entered into a definitive business combination agreement that will result in IronNet becoming a public company. Upon the closing of the transaction, expected in the third quarter of 2021, the combined company will be named “IronNet, Inc.” and its common stock will be listed on the New York Stock Exchange and trade under the ticker symbol “IRNT.”
Important Information and Where to Find It
This press release relates to a proposed transaction between LGL Systems Acquisition Corp. (“LGL”) and IronNet Cybersecurity, Inc. (“IronNet”). LGL has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”) that includes a proxy statement to be distributed to LGL’s stockholders in connection with LGL’s solicitation of proxies for the vote by LGL’s stockholders in connection with the proposed business combination and other transactions described in the Registration Statement, as well as a preliminary prospectus relating to the offer of LGL’s securities to be issued to IronNet’s stockholders in connection with the completion of the proposed business combination described in the Registration Statement. After the Registration Statement is declared effective, LGL will mail the definitive proxy statement/prospectus to stockholders of LGL as of a record date to be established for voting on the proposed business combination. LGL also will file other relevant documents from time to time regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF LGL ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT/PROSPECTUS AND, ONCE AVAILABLE, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT HAVE BEEN OR WILL BE FILED BY LGL FROM TIME TO TIME WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about LGL and IronNet once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by LGL when and if available, can be obtained free of charge on LGL’s website at https://www.dfns.ai or by directing a written request to LGL Systems Acquisition Corp., 165 Liberty St., Suite 220, Reno, NV 89501 or to email@example.com.
Participants in the Solicitation
LGL and IronNet and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of LGL’s stockholders in connection with the proposed transactions. Information regarding the persons who may, under SEC rules, be deemed to be participants in the solicitation of proxies from LGL’s stockholders in connection with the proposed transactions described in the Registration Statement and the interests that such persons have in the proposed business combination are set forth in the proxy statement/prospectus included in the Registration Statement.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding IronNet’s business combination with LGL. When used in this Report, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, including statements relating to IronNet’s future financial performance. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LGL’s or IronNet’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by LGL stockholders; the ability to meet the NYSE’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; IronNet’s ability to execute on its plans to develop and market new products and the timing of these development programs; IronNet’s estimates of the size of the markets for its products; the rate and degree of market acceptance of IronNet’s products; the success of other competing technologies that may become available; IronNet’s ability to identify and integrate acquisitions; the performance of IronNet’s products; potential litigation involving LGL or IronNet; and general economic and market conditions impacting demand for IronNet’s products. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading “Risk Factors” in the proxy statement/prospectus included in the Registration Statement, LGL’s Annual Report on Form 10-K (as amended), Quarterly Reports on Form 10-Q, and other documents filed by LGL from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and neither LGL nor IronNet undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About ITC Secure:
ITC Secure is an advisory-led cyber security services company with a 25+ year track record of delivering business-critical services to over 300 blue-chip organisations – bringing together the best minds in security, a relentless focus on customer service and advanced technological expertise to help businesses succeed. With its integrated delivery model, proprietary platform and customer-first mindset, ITC Secure works as an extension of your team throughout your cyber journey and always thinks not only about you, but also your customers and the reputation of your brand. ITC Secure is headquartered in London, UK. With a dynamic balance of the best in people, technology and governance, ITC Secure makes cyber resilience your competitive advantage.