New company would be a prominent player in the Credit Union security market.

Perimeter Internetworking, a provider of managed security services for financial institutions and other businesses, recently announced their acquisition of Red Cliff Solutions, a provider of Internet security solutions.

"We are very excited about adding Red Cliff to the Perimeter Internetworking team," said Brad Miller, CEO, Perimeter Internetworking. "In addition to their dominant market share in the credit union movement, they possess a very deep expertise in compliance regulations. Kevin Prince, their CEO, has been a leading voice in security advocacy to the credit union movement having trained Federal Examiners at the National Credit Union Administration (NCUA) and the Federal Financial Institutions Examination Council (FFIEC)."

"Red Cliff Solutions is our 6th acquired company in the past 2 years," Miller added. "Perimeter's acquisition strategy has allowed us to assemble the talent, technology and scale to provide the industry's leading suite of on-demand security services."

"By joining the Perimeter family, there is now one undisputed force in the Credit Union security market," said Kevin Prince, CEO, Red Cliff Solutions. "Our services are very synergistic and together, we bring the movement the most complete suite of on-demand security including our market leading CounterPhish service."