CoNetrix
CoNetrix is a privately held, full-service IT networking, security, and compliance firm headquartered in Lubbock, Texas, serving community financial institutions (banks, credit unions, mortgage companies) across Texas, New Mexico, and nationally via managed services, security audits, and the Tandem GRC software platform.
- Company typePrivate
- Founded2001
- HeadquartersLubbock, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
CoNetrix firmographics
Firmographics- Name
- CoNetrix
- Legal name
- CoNetrix
- Website
- https://conetrix.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CoNetrix is a privately held, full-service IT networking, security, and compliance firm headquartered in Lubbock, Texas, serving community financial institutions (banks, credit unions, mortgage companies) across Texas, New Mexico, and nationally via managed services, security audits, and the Tandem GRC software platform.
- Ownership category
- akta.pro rank
CoNetrix industry classification
Industry- Product category
- Managed IT Security and Compliance Services
- NAICS
- Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Governance, Risk & Compliance (GRC) Managed Services (BPAEADAJ)
- akta.pro secondary industries
- Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA), Privacy, Data Protection & Cyber Governance (GRC) (BPAHAFAF), Data Center Operations & Managed Services (Remote Hands, NOC/SOC) (HDABANAA)
Keywords
Where CoNetrix is headquartered
LocationHeadquarters
- HQ city
- Lubbock
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
CoNetrix business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Managed IT Services: Ongoing managed services including network management, cybersecurity monitoring, endpoint protection, email protection, firewall management, and cloud hosting. Revenue generated through monthly service agreements and flat fee billing.
- Security Consulting Services: IT audit and vulnerability assessment services, penetration testing, VISO consulting, risk assessments, business continuity planning, and incident response planning. Delivered as project-based engagements or annual retainer arrangements.
- Tandem Software Subscriptions: SaaS-based compliance and security software including Audit Management, Business Continuity Planning, Compliance Management, Cybersecurity Assessment, Identity Theft Prevention, Incident Management, Internet Banking Security, Phishing Awareness, Policies, Risk Assessment, and Vendor Management. Annual subscription model with multiple product tiers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Managed IT Services - Network Advantage |
| Subscription | Monthly | Managed Network Security Services |
| Other | Annual | IT Audit and Vulnerability Assessment |
| Subscription | Annual | Tandem Policies Software |
| Freemium | Annual | Tandem Cybersecurity Assessment |
| Freemium | Annual | Tandem Compliance Management |
| Subscription | Annual | Tandem Audit Management |
| Unit Pricing | Monthly | Network Vulnerability Scanning |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
CoNetrix product offering
Product offeringCore offering
CoNetrix delivers managed IT and cybersecurity services, IT audits, penetration testing, and private cloud hosting to U.S. financial institutions, and sells the proprietary Tandem governance, risk and compliance (GRC) software platform. The company combines outsourced IT operations, security monitoring, regulatory examinations support, and modular compliance software under a single vendor relationship, with pricing built around monthly managed-service subscriptions, project-based audits, and annual software subscriptions.
Product overview
CoNetrix offers a comprehensive portfolio of technology and security services along with a software platform called Tandem. The company operates through four distinct business units: CoNetrix Technology (Managed IT Services), CoNetrix Security (IT Audit, Vulnerability Assessment, and Penetration Testing), Boost Consulting (Information Security Consulting), and Aspire (Secure Cloud Hosting and Recovery), all under the CoNetrix parent company. The Tandem software platform provides a modular GRC (Governance, Risk, and Compliance) suite with eleven integrated modules covering Audit Management, Business Continuity Planning, Compliance Management, Cybersecurity Assessment, Identity Theft Prevention, Incident Management, Internet Banking Security, Phishing Security Awareness, Policies Management, Risk Assessment, and Vendor Management. These software modules are designed to integrate with each other, sharing data across policies, vendors, and assets. Boost Consulting services complement the Tandem software by providing expert-led assistance for organizations subscribing to specific modules.
Differentiator
Problem solved
Functional benefit
Brands
- Tandem: Information Security & Compliance Software platform for financial institutions, including Audit Management, Business Continuity Planning, Compliance Management, Cybersecurity Assessment, Identity Theft Prevention, Incident Management, Internet Banking Security, Phishing Security Awareness, Policies, and Risk Assessment modules.
- Aspire
- Boost Consulting
Products and services
- Managed IT Services Outsourced IT support covering network design and support, server and workstation management, public and private cloud services, and end-user helpdesk delivered to U.S. financial institutions and other businesses on a monthly subscription basis.
- Managed Security Services Multi-layer managed security stack including firewall and IDS/IPS management, multi-factor authentication, endpoint protection, internet content filtering, email protection, and network vulnerability scanning delivered as a monthly managed service.
- Cybersecurity Monitoring (SIEM-as-a-Service) 24x7 SIEM-as-a-Service with analyst-driven event monitoring, correlation, and incident response to detect and contain threats against customer environments around the clock.
- Endpoint Protection (AI-Native EDR) AI-native next-generation endpoint detection and response delivering automated prevention, detection, and remediation of endpoint threats as part of the managed security stack.
- Aspire Cloud Hosting Private cloud hosting on CoNetrix-owned Texas data centers including AspireServer (servers), AspireMail (email), AspireRecovery (backup), and AspireDocs (file sharing), backed by SOC 1 Type 2 reporting.
- IT Audit and Vulnerability Assessment Independent IT audit and vulnerability assessment engagements including IT general controls audit, internal vulnerability assessment, information security governance audit, FedLine security assessment, and network security assessment for regulated institutions.
- Penetration Testing Services External penetration testing, internet exposure and vulnerability assessment, internal penetration testing, and social engineering engagements that simulate attacker tactics to identify exploitable weaknesses.
- Boost Consulting (VISO and Compliance Consulting) Virtual Information Security Officer (VISO), risk assessments, business continuity planning, incident response planning, vendor management, and other compliance consulting engagements delivered on retainer to financial institutions.
- Tandem Compliance Software Platform Modular governance, risk and compliance software platform with eleven modules including Audit Management, Business Continuity Planning, Compliance Management, Cybersecurity Assessment, Identity Theft Prevention, Incident Management, Internet Banking Security, Phishing Security Awareness, Policies, Risk Assessment, and Vendor Management, mapped to FFIEC, FDIC, OCC, FRB, and NCUA guidance.
Quantifiable outcome
- More than 1,000 IT audit engagements completed since 2001
- +3 more outcomes
Companies that use CoNetrix
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
CoNetrix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability2 records
Feature6 records
CoNetrix partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and supporting.
- MicrosoftcoreTechnology partnership for Microsoft solutions including Windows Server, Active Directory, Exchange Server, SQL Server, and cloud products. Microsoft Azure integration capabilities referenced in Tandem software.
- CiscocoreCisco networking solutions and Cisco Meraki Wireless solutions. Cisco AnyConnect integration for multi-factor authentication. Cisco networking equipment expertise.
- CitrixcoreCitrix Virtualized Desktops (VDI) implementation and support. Citrix NetScaler integration for multi-factor authentication.
- FortinetcoreFortinet FortiGate firewall solutions for firewall monitoring and management. Fortinet security platform integration for multi-factor authentication.
- VMwarecoreVMware Server Virtualization expertise and implementation. VMware virtual infrastructure review capabilities.
- NetAppcoreNetApp Storage Area Network (SAN) solutions and expertise for network storage implementations.
- VeeamcoreVeeam Backup and Recovery solutions integrated with AspireRecovery cloud backup and disaster recovery services using Veeam Cloud Connect.
- DellsupportingDell server hardware expertise and implementation for network environments.
- HPsupportingHewlett Packard server hardware and printer solutions expertise.
- SymantecsupportingSymantec security solutions and endpoint protection technologies.
- NetwrixsupportingNetwrix Auditor integration for Active Directory and Windows server logging and reporting as an optional add-on to cybersecurity monitoring.
- ZixsupportingZix email encryption services available for enhanced encryption through Zix for financial institutions and regulated businesses.
- CrowdStrikecoreCrowdStrike endpoint protection integration with complete EDR and threat hunting capabilities as part of cybersecurity monitoring services.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
CoNetrix competitors and assessment
Company assessmentDirect peers
- NetSPI: NetSPI provides penetration testing, vulnerability assessments, and security advisory services with strong financial-services exposure. It is the closest direct competitor to CoNetrix Security's audit and penetration testing practice, especially for regulated FI buyers.
- Arctic Wolf Networks: Arctic Wolf delivers managed detection and response and managed security services via a 24x7 SOC model. It competes directly with CoNetrix's SIEM-as-a-Service cybersecurity monitoring offering and increasingly targets the same regulated mid-market and FI buyer base.
- AuditBoard: AuditBoard is a SaaS GRC platform with strong audit management, risk, and compliance modules used by financial institutions. It is the closest direct competitor to Tandem, particularly the Audit Management module, and competes for the same FI compliance software wallet.
- eSentire: eSentire provides 24x7 managed detection and response and security operations services to mid-market and regulated industries including financial services. It is a direct competitor to CoNetrix's SIEM/SOC managed security service.
- Expel: Expel is a managed detection and response provider delivering transparent 24x7 SOC services with strong mid-market and regulated-industry penetration. It competes with CoNetrix's cybersecurity monitoring and managed security stack, particularly for buyers seeking cloud-native MDR.
- LogicGate: LogicGate is a SaaS GRC platform offering risk, compliance, and policy workflows used by financial institutions. It is a direct software competitor to multiple Tandem modules including Risk Assessment, Vendor Management, and Policies.
- Pondurance: Pondurance provides managed detection and response and compliance services focused on mid-market and regulated industries including financial services. It competes with CoNetrix's managed security and consulting offerings in similar buyer segments.
Broad incumbents
- Trustwave: Trustwave is a large MSSP and cybersecurity services provider with a long-standing financial-institution practice. It overlaps with CoNetrix's managed security, vulnerability assessment, and consulting offerings, but at significantly greater scale and global reach.
- Optiv: Optiv is a large security solutions integrator and MSSP with deep financial-services expertise. It competes broadly across managed security, advisory, and risk services that overlap CoNetrix's portfolio, but at enterprise scale rather than community-bank focus.
- Diligent: Diligent is a large GRC and board management software platform with risk, compliance, and audit modules used by financial institutions. It competes with Tandem as an established GRC incumbent, particularly for larger FIs with multi-module deployments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
CoNetrix social profiles
Digital presenceCoNetrix compliance and trust
Trust signalCompliance1 record
CoNetrix financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoNetrix leadership team
Management profileNumber of profiles
Profiles1 record
CoNetrix subsidiaries and ownership
Company hierarchySubsidiaries5 records
CoNetrix funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoNetrix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoNetrix
What does CoNetrix do?
CoNetrix delivers managed IT and cybersecurity services, IT audits, penetration testing, and private cloud hosting to U.S. financial institutions, and sells the proprietary Tandem governance, risk and compliance (GRC) software platform. The company combines outsourced IT operations, security monitoring, regulatory examinations support, and modular compliance software under a single vendor relationship, with pricing built around monthly managed-service subscriptions, project-based audits, and annual software subscriptions.
Is CoNetrix a public or private company?
CoNetrix is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CoNetrix founded?
CoNetrix was founded in 2001. It employs 101 to 250 people.
Where is CoNetrix based?
CoNetrix is headquartered in Lubbock, United States, in the North America region.
How does CoNetrix make money?
Three revenue lines are on record. Managed IT Services are the primary driver. The others are security Consulting Services and tandem Software Subscriptions.
Who are CoNetrix's main competitors?
Direct peers on record are NetSPI, Arctic Wolf Networks, AuditBoard, eSentire, Expel, LogicGate and Pondurance. Broad incumbents are Trustwave, Optiv and Diligent.
Does CoNetrix have an API?
No public API is recorded for CoNetrix.
What industry is CoNetrix in?
CoNetrix's product category is Managed IT Security and Compliance Services. Its primary akta.pro industry code is BPAEADAJ, Governance, Risk & Compliance (GRC) Managed Services, with a secondary code of BPAEAPAA, Governance, Risk & Compliance (GRC) Platforms. Its NAICS code is 54151 and its SIC code is 7370.