While Brexit might see EU companies departing the UK it seems the Swiss are going the other way.
Theale-based security specialist Clearswift has been acquired by a Swiss firm RUAG which wants to expand its reach in the UK
Apparently, the outfit was impressed with the strength of the firm’s channel network which aided the sale.
From the start of next year Clearswift’s products will fall under the RUAG Defence cyber security business unit, which will be headed by Dietmar Thelen.
The Clearswift acquisition gets a firm with around £23 million in revenues and 140 staff focused on data loss prevention and a well-developed UK channel.
CEO of the RUAG Defence division Markus Zoller said that Clearswift’s global partner network and customer base in conjunction with its analyst-recognised solutions will play a key role in the growth of the RUAG Defence cyber security business unit.
“We are aiming to become a principal solution and service provider for organisations of all sizes and across all verticals, including local and national government organisations, financial institutions and critical infrastructure providers,” he added “By combining our expertise in network defence with Clearswift’s data loss prevention and gateway solutions we will further boost our efforts to make RUAG Defence one of the leading cyber security specialists.”
RUAG has a core business in aerospace and defence, has offices across Switzerland, Germany, Austria, Hungary, Sweden and in the US and has been selling into the UK.
No one is saying how much the outfit paid for the British firm.
