Cybersecurity firm Secarma buys Pentest Ltd

As a result of the deal, Secarma is expected to add new resources to Pentest Limited, including a team of ethical hackers.

Managing director for Pentest Limited, John Denneny, said: “In order for us to continue our current rapid growth curve, we believe the time was right to look for a partner whose approach to business and its employees very much mirrors ours. The deal gives us the opportunity to invest in our people and its future growth to a degree that we could not match standalone.

As a result of the deal, Pentest is due to relocate to the UKFast Campus, where a cybersecurity research lab is currenty being constructed.

UKFast CEO Lawrence Jones is is behind the acquisition for a rumoured £10m, as he owns Secuarma.  He is aiming to build a £100m security services business on the back of his acquisition.

Secarma, according to a press statement, will remain headquartered in the UK but the merger will now allow the firm to expand in the USA, where Pentest claims to have existing Silicon Valley-based clients.

CEO Lawrence Jones said the deal was “a great merger of similar cultures”. He added: “Our investment in Pentest is an investment in knowledge and talent. It’s a demonstration of our intentions for both our clients at UKFast and the eCommerce and online community that we see security as an area of massive importance. Security is a fundamental part of our future.”