Merger creates £50 million turnover cybersecurity business
SecureData, a Kent-headquartered cybersecurity services provider has expanded with the acquisition of a Birmingham counterpart to create a £50m-turnover business.
SecureData has taken over Cygnia Technologies for an undisclosed sum, with all of the company’s employees remaining with the group following the deal. The company boasts clients such as Arup, The Financial Times and Invensys.
Cygnia generated sales of approximately £9 million in 2016 and operates from offices in Birmingham and Central London.
Established in 1992, SecureData provides a range of professional, support and managed cybersecurity services that assess security risk, detect security breaches, protect customer environments and respond to specific security incidents. The company is headquartered in Maidstone with a second office in London.
Executive chairman Ian Brown said: “The enhanced group is now clearly positioned as one of the leading independent cybersecurity services businesses throughout the UK and selected overseas markets.
“With over 210 employees including 150 cybersecurity engineers, analysts, and consultants the group is well positioned to provide business customers with a one-stop shop service for all their cybersecurity needs.
Already providing services to approx. 1000 customers the combination of SecureData and Cygnia positions the group well to provide that partnership for both private and public sector organisations.”
Jon Busfield, managing director at Cygnia, added: “The whole Cygnia team is excited to be joining SecureData. With an enhanced offering as a result of SecureData’s extensive range of professional, support and managed services this is great news for our existing customers, partners, and people.”