Crosscheck Networks Acquires Forum Systems - Newton, MA
Crosscheck Networks, a Newton-based provider of web services testing and simulation tools, announced on Wednesday that it has acquired Forum Systems, a Waltham-based provider of web service security and gateway policy enforcement technology. Financial terms of the deal between the two privately held firms were not disclosed. Mamoon Yunus, who served as Forum Systems president and CTO of Forum at the time of the acquisition, will lead Crosscheck Networks as president and CEO. Forum Systems, which was founded in 2001, will operate as a subsidiary and will be led by its vice president of operations, Rizwan Mallal.