Newton #tech company buys #New Jersey #security software #unit

A Catawba County security software company is on the acquisition trail again.

Temprano Techvestors’ Network Security Group Inc. has completed the purchase of Waytek Software, a unit of a New Jersey-based technology company. The price of the deal wasn’t disclosed.

Temprano Techvestors owner Luke Walling says the Waytek Software deal doesn’t end the company’s pursuit of security software. NSG “plans to add a few more carefully chosen lines” of technology companies to the firm’s purchases in 2018, Walling says.

“And our passion for security software runs deep,” Walling says. “It just made sense to acquire Waytek Software and add their portfolio of customers and product lines to our growing business.”

Waytek Software, a security software distribution and resale division, brings NSG the Avast Business security software. Avast Business provides internet cloud and endpoint security products to its customers.

NSG itself was bought by Temprano Techvestors in October 2016. It became Temprano’s distribution channel for companies, schools, universities and government agencies that are Temprano customers.

Walling, a Catawba County native, has become a serial entrepreneur, starting numerous companies in the technology area. The first was founded in the basement of his parents’ Claremont home.

Walling is in the process of a $500,000-plus renovation of an 8,000-square-foot Newton building that will house Temprano and about 75 employees by the end of 2019.

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