More M&A action! Integrity360 has acquired cybersecurity MSP Caretower, as part of its cunning plan to create a £70 million-revenue business across the UK and Ireland.
For those not in the know, Caretower offers managed security services, penetration testing, security consultancy and managed incident response services, working with an array of vendors including Microsoft, Sophos, Kaspersky, Check Point, Forcepoint, Barracuda Networks among others.
The business generated sales of around £28 million in 2021 and has offices in London and Sofia, Bulgaria.
Integrity360 is a Check Point, F5 and Forcepoint partner and claims that the acquisition will bring its group revenues to £70 million in 2022 and boost its headcount to more than 300 employees including 200 cybersecurity engineers, analysts, consultants and specialists.
All of Caretower’s employees will remain with the group.
In a statement announcing the Caretower acquisition, Chairman Ian Brown said: “This is a very exciting transaction for us and we couldn’t be more delighted to welcome the team from Caretower to Integrity360… The enhanced group is now clearly positioned as the leading independent cybersecurity services specialist throughout the UK and Ireland.”
“Already providing services to over 1500 customers, the combination of Integrity360 and Caretower positions the group well to provide that partnership for both private and public sector organisations.”
Caretower managing director Phydos Neophytou added: “Our skills combined with those of Integrity360 will provide a further extension of our professional support and managed services. This is great news for employees, customers, and partners. Our two companies are highly complementary, with common strengths in cyberinfrastructure, endpoint and SIEM technologies.
“Together with Integrity360, we will create stronger solutions for our customers. Our teams are a great cultural fit, and we are excited to help Integrity360 serve even more customers and provide new opportunities for our own employees to thrive as part of the enlarged group. I will continue to offer my support in a senior management role within the enlarged group.”
