Tag: ECSC

Daisy blossoms as it snaps up ECSC

Daisy has acquired cybersecurity vendor ECSC as part of a cunning plan to build out its cybersecurity services.

The acquisition is the latest in more than 50 acquisitions made by the firm including, more recently,  Phoenix IT, Alternative Networks and Damovo UK.

ECSC was established in 2000 and specialises in security breach prevention, detection, and response support.

Daisy CEO Neil Thompson said that he was really excited about adding ECSC’s longstanding and highly complementary cyber security expertise to Daisy ‘s existing Cyber and Operational Resilience division, and wider managed service business,” said .

“Our people are looking forward to working together, and the skillsets the ECSC team bring will further enhance the market leading IT services we provide to our customers.”

ECSC CEO Matthew Briggs said: “Under Daisy ownership, the ECSC directors believe there is a very real prospect that ECSC can become the UK’s leading cyber security organisation, providing excellent career opportunities and delivering best in class cyber solutions for new and existing clients.”

ECSC grows on managed services

Cybersecurity outfit ECSC has indicated that its focus on managed services is delivering as it saw significant growth.

ECSC  CEO of Ian Mann said that there was a drop off in its consulting business by 23 per cent to £1.19 million, which offset the 63 percent climb in managed services, producing flat year on year revenues of £2.63 million in the firm’s interim first-half numbers. The firm trimmed its losses to £0.19 million, down from £0.49 million at the same point last year, and indicated that the consulting business was better in the second half. The firm enjoyed a record July, with revenues up by 42 million to £0.62 million on last year.

“We are pleased that from the start of H2 the previously reported reduced level of consulting services demand has now been reversed, with consulting growth recovering strongly to match the continued growth in managed services recurring revenue and cyber incident response service”, Mann said.