Integrity360 acquires UK cyber security company Metadigm
Integrity360 today announced the acquisition of UK IT security specialist, Metadigm for an undisclosed sum, expanding the firms’ presence in the UK. Adding to its current services portfolio, Integrity360 will expand the reach of its managed security and cyber security services in the UK market while enhancing the expertise and skill sets available to clients.
Integrity360 currently operates in the UK through its London and Birmingham offices. The firm reported year on year growth of 53 per cent in 2016 with an increase of €13 million in annual turnover from €24.5 million to €37.5 million.
One of the first cyber security companies in the UK, Metadigm, has been operating for more than 20 years and has an expected 2017 turnover of £3m.
Integrity360 plans to significantly increase its penetration of the UK market, driven by a twin strategy of both organic growth and acquisitions. Eoin Goulding, CEO, Integrity360, “It’s fantastic to be integrating Metadigm’s expertise into our overall business, reinforcing our growth strategy and introducing a further skill set into our clients. I am delighted to announce the acquisition.”
He continued: “Metadigm has a strong reputation in the UK and we look forward to welcoming them to our team. The people and skills set at Integrity360 are fundamental to the cyber security services that we deliver internationally and the Metadigm team will be a welcome addition to our existing team.”
Additional skills and services portfolio
Jason Simper, Director, Metadigm said: “This is a great opportunity for us to be part of a leading cyber security organisation, positioning the UK team to offer enhanced IT security services with greater reach. We are very excited about the move to Integrity360.”
Integrity360 is in the process of hiring for 150 jobs to be filled by the end of 2018 following the announcement in November last year.
In a year of continued growth for the firm led by increasing demand for Integrity360’s Managed Security Services (MSS) in Ireland and internationally, the firm added to its senior leadership team bringing in Padraig Carley as Chief Financial Officer (CFO) and promoting Eric Barkman to the role of Chief Operating Officer (COO).
Integrity360 works with more than 300 companies in Ireland and internationally, across key sectors, providing managed cyber security; incident handling; cyber risk and assurance; cyber security integration and penetration testing services, in order to secure clients’ information, networks and infrastructure.
Founded in 2005, Integrity360 is 12 years in business.