Integrity360 has acquired the Irish payment card industry qualified security assessor (PCI QSA) and cybersecurity services reseller Advantio.
The acquisition will enable the MSSP to expand further into continental Europe and provides an additional cyber services practice focused on PCI compliance.
The MSSP said the acquisition will complement its existing service practices which include cyber risk and assurance, cybersecurity testing, incident response, infrastructure, end-point and SIEM professional services and a range of cybersecurity managed services.
Advantio will continue to operate from its existing European facilities but with access to resources and capability of the existing Integrity360 business.
Advantio was founded in 2009, employs approximately 115 employees and operates from facilities in Italy, Spain, UK, Lithuania, and Ukraine serving more than 250 customers across Europe, the USA and Asia.
For the last three years, it has grown by 25 per cent each year and during the next 12 months expects revenues of £8.56 million.
The combination of Advantio with Integrity360 brings group revenues to approximately £98.40 million in 2023 from £72.73 million in 2022, and expands group resources to approximately 450 employees.
Integrity360 executive chairman Ian Brown said: “The enhanced group will significantly expand our existing activities and cyber services throughout continental Europe, and further develop Advantio’s considerable expertise in PCI compliance.
“The combination of the two businesses provides a powerhouse of technical cyber and security payments expertise for the group’s customer base including preparing for the impending arrival of the new PCI DSS 4.0 standard which requires comprehensive threat detection and incident response services.
Advantio CEO Marco Borzaof said: “I am delighted that Advantio is joining Integrity360 and continuing the growth journey that we started some 14 years ago.”
