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Cybersecurity Firm Buys in Texas

Franklin Data LLC in Newport Beach acquired on undisclosed terms Scarab Consulting in Austin, Texas.

Franklin Data is a cybersecurity company. Scarab provides investigation and litigation support services to companies and law firms and has raised $20 million in private equity and debt during its 16-year expansion.

The company is led by Chief Executive Matthew Blake, who is also founding partner and chairman of investment firm Cato Advisors LLC and chief executive of Staff Holdings Inc., a holding company for employment firms, both also in Newport Beach.

Franklin plans to integrate Scarab’s technology, data hosting and operations services into its own cybersecurity products and services; occupy Scarab’s 20,000 square-foot office in New York; and merge the two companies’ operations in Houston.

Franklin Data has clients in more 40 countries and employs an estimated 100 locally.

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