Entech buys BoomTech as cybersecurity dealmaking splits into two tracks

The local shortlist is getting shorter for businesses that buy managed security from regional providers. Entech did not say what it paid for BoomTech. The companies gave no revenue, headcount or customer numbers.

The two ends of the market are pulling apart. Regional roll-ups buy customer relationships for undisclosed sums. Venture firms write much larger cheques for AI-enabled security startups. US cybersecurity startups raised $11.5 billion in 2025. That is the highest since 2022, according to a JPMorgan Chase report citing PitchBook data. AI-enabled companies took about 72% of US cybersecurity venture deals through May this year. That compares with 36% in 2019, the same report said. Growth capital is going there. It is not going into services roll-ups.

Entech buys BoomTech IT in South Florida

Philipp Baumann founded BoomTech. The company sells managed IT, cybersecurity, cloud, business continuity and technology consulting. Its customers are businesses in Boca Raton and surrounding South Florida markets.

Buddy Martin is Entech's president and CEO. He said South Florida continues to be an important part of Entech's growth.

BoomTech customers gain access to Entech services. These include managed IT, cybersecurity, AI, cloud infrastructure, risk management and regulatory compliance. Entech said the transaction supports its strategy of expanding across Florida through local operations. It also gives customers a broader range of technology services. That is the standard logic of a regional tuck-in. Buy the relationships and the local staff, then sell a wider catalogue into them.

Alchemy adds Freeit and a public-sector channel

Alchemy Technology Group acquired Austin-based Freeit Data Solutions, according to a release dated 28 October. Alchemy is a Houston-based cybersecurity advisory, consulting and reseller firm. Alchemy is a portfolio company of Avance Investment Management. The announcement carried no financial terms.

Freeit has served Texas public-sector customers for more than 16 years. It also works with enterprise and midsize commercial businesses and holds DIR-supported business and distribution relationships. The release says the combination will create a stronger platform for SLED customers. Those customers seek infrastructure, data protection and security solutions. Alchemy described the transaction as part of a strategy to build a national platform. It will use targeted acquisitions that complement organic growth.

Freeit president Wayne Orchid said the deal gives his company more resources. He said the broader expertise would help it support more customer needs.

At the top of the market, the money is chasing AI

Ballistic Ventures filed with the US Securities and Exchange Commission this week to raise $490 million across two funds. TechCrunch reported the filing on 3 November. Former Kleiner Perkins partner Ted Schlein co-founded the cybersecurity venture firm. The filing covers $360 million for a third flagship fund. That matches the size of its previous fund raised in 2024. It also covers $130 million for Ballistic Ventures Fund B. Ballistic declined to comment.

The firm's own history gives the target a reference point. According to PitchBook data, Ballistic announced a $300 million debut fund in 2022. It raised $360 million for its second flagship fund two years later. It also raised about $130 million for Ballistic Ventures Fund A.

At the seed end, CyberKord raised €2.7 million. The Milan-based company raised the money in a pre-seed round. 360 Capital led the round, with Plus Partners, Addendum Capital and Vento participating.

Alessandro Maggio, Dragos Tanasa and Cosimo Michelagnoli founded CyberKord. They founded it in Milan in 2026. Its platform automates IT and security operations. It uses AI and a digital twin of a company's infrastructure. The company plans first pilot projects with large European companies in manufacturing, technology, healthcare and telecommunications.

Demand is not hard to find. Microsoft's annual Digital Defense Report was released last month. It warned that hackers are increasingly using AI for phishing, social engineering and malware development.

What is still unknown, and what happens next

The $490 million is a target, not money in the bank. Neither Ballistic fund had recorded any sales at the time of filing. The figure is a request to investors.

On the services side, Entech has put no value on BoomTech. No timetable for the integration has been published.