In a strategic move to strengthen its cybersecurity services, Cyber Security Associates (CSA), a division of FluidOne, has acquired SureCloud Cyber Services. Financial details of the transaction were not disclosed.
This is technology M&A deal number 67 of 2024 covered so far by ChannelE2E and MSSP Alert. His 2,000+ technology M&A deals from 2024, 2023, 2022, 2021, and 2020 are listed here.
FluidOne was founded in 2006 and is based in London, UK. The company has 280 employees and he is listed on LinkedIn. FluidOne's areas of expertise include connected cloud, SD-WAN, SASE, cybersecurity, IoT, mobile, connectivity, unified communications, contact centers, IT managed services, modern workplace, voice, business broadband, LAN and WiFi; Cyber assessment includes mobile devices. management. FluidOne is backed by private equity firm Living Bridge.
SureCloud Cyber Services Limited, founded in 2006, is also based in London, UK. The company has 28 employees, but he has 102 people listed on LinkedIn. SureCloud Cyber Services Limited's areas of expertise include Governance, Risk and Compliance, GRC, IT Security, IT GRC, Vulnerability Management, Risk Management, Third Party Risk Management, PCI DSS Compliance, Audit Management, GDPR, ISO 27001 , GDPR software, and SMCR. , IT vendor risk management and incident response.
Acquisition details
With this acquisition, CSA says it aims to provide customers with more comprehensive cybersecurity solutions and address the ever-growing cybersecurity threat landscape.
According to the company, SureCloud Cyber Services brings a team of 28 employees to CSA and serves 160 customers, including enterprises, public sector, and international companies. The companies say the merger will strengthen CSA's capabilities, particularly in penetration testing and incident response by bringing these services in-house.
The move is part of FluidOne's broader strategy to provide connected cloud solutions that enable secure and simple connectivity for businesses as they adapt to digital transformation and hybrid work environments.
The company previously acquired IT managed service provider projectfive in April 2023.
executive insight
Russell Houghton, FluidOne CEO and CSA Chairman, commented:
“During the acquisition process, we got to know Ben and the senior SureCloud team and researched their key customers. This strengthened the quality and expertise of our staff to deliver superior customer service. Together, we are delivering a world-class Cyber Center of Excellence and strengthening our range of connected cloud solutions in conjunction with other FluidOne pillars. To go.”
Ben Jepson, Commercial Director, SureCloud Cyber Services.
“We are very excited to be integrating with Cyber Security Associates (CSA), part of the FluidOne Group, one of the best cyber providers in the UK. We worked on a joint bid and it quickly became clear that both businesses had complementary service portfolios and were a great cultural fit. Our focus on development resonates with our own ambitions. By being based in a fast-growing cyber specialist business, we offer a clear career path for our current employees and attract new talent. I am excited to embark on this new challenge and see the huge potential that I have experienced over the past few months to our wider team and clients. I’m looking forward to receiving it.”
Dave Woodfine, Founder and MD of Cyber Security Associates, added:
“As co-founders of Cyber Security Associates, myself and James Griffiths are excited to add the world-class cyber services that SureCloud Cyber Services brings to our growing portfolio of CSA capabilities. SureCloud When we met Ben and his team at We thought: Adding CREST and CHECK certification testing to a team that understands operational technology and cyber expertise in the payment card industry (PCI) will accelerate CSA's growth this year and beyond. Importantly, we will be able to work together as one team to close the cyber threat gap and improve safety for all of our clients.”
Post-acquisition, Russell Houghton will become chairman of SureCloud Cyber Services and additional FluidOne directors will join the company's board of directors.
