Marblehead Security Company to be Bought

MARBLEHEAD, MA – Network Security Group, the network security solutions provider in Marblehead, is being acquired by a North Carolina company.

Temprano Techvestors, which brings European software products and services to market in North America, announced that they will buy Network Security Group, and NSG will continue to operate under its name as a subsidiary of Temprano Techvestors.

Network Security Group focuses on working with value-added resellers, small to midsize businesses, educational institutions, and government agencies. Peter Streips, pictured, founded NSG in 2005.

"For more than a decade, our team has been servicing and building relationships with thousands of companies, schools, nonprofits and government organizations," said Streips in a news release. "By joining forces with Temprano, we will continue to provide great service and product selection to our customers throughout North America, while at the same time leveraging Luke’s international connections and expert team to build a truly world-class organization."

"From the start, we intended to add a distribution arm to our company. Acquiring Network Security Group accelerates that effort by affording us an experienced team and a highly engaged buyer who already transacts with us for the category of products we’re broadly bringing to market," said Temprano Founder Luke Walling in a news release. "Our goal is to capitalize on the solid job Peter and his team have done over the past decade in building a customer-focused organization, and add the systems and technical support customers tell us they want and need, to enable us to take their business, our business, to the next level, together as one team."

Photo courtesy of Network Security Group