In a strategic move to bolster its cybersecurity services, Cyber Security Associates (CSA), a division of FluidOne, has acquired SureCloud Cyber Services. Financial details of the transaction were not disclosed.
This is technology M&A deal number 67 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
FluidOne, founded in 2006, is based in London, United Kingdom. The company has 280 employees listed on LinkedIn. FluidOne's areas of expertise include connected cloud, SD-WAN, SASE, cybersecurity, IoT, mobile, connectivity, unified communications, contact center, IT managed services, modern workplace, voice, business broadband, LAN & WiFi, cyber assessments, and mobile device management. FluidOne is backed by private equity firm Livingbridge.
SureCloud Cyber Services Limited, founded in 2006, is also based in London, UK. The company has 28 employees, though 102 workers are listed on LinkedIn. SureCloud Cyber Services Limited's areas of expertise include governance, risk and compliance, GRC, IT security, IT GRC, vulnerability management, risk management, third-party risk management, PCI DSS compliance, audit management, GDPR, ISO 27001, GDPR software, SMCR, IT vendor risk management, and incident response.
Acquisition Details
With this acquisition, CSA says it aims to provide a more comprehensive range of cybersecurity solutions to its customers, addressing the ever-growing cybersecurity threat landscape.
SureCloud Cyber Services brings to CSA an expert team of 28 employees, delivering services to 160 customers, including enterprises, public sector, and international businesses, according to the company. This merger enhances CSA's capabilities, particularly in penetration testing and incident response, by integrating these services in-house, according to the firms.
The move is part of FluidOne's broader strategy to offer connected cloud solutions that enable secure and simple connectivity for businesses adapting to digital transformation and hybrid working environments.
The company previously acquired IT managed service provider projectfive in April 2023.
Executive Insights
Russell Horton, CEO, FluidOne and Chairman of CSA, commented:
“During the acquisition process, we have got to know Ben and the senior SureCloud team, combined with surveying their key customers. This has reinforced the quality and expertise of their staff, and a strong alignment in culture and drive to deliver great customer service. We will work together to deliver a world-class cyber Centre of Excellence that together with the other FluidOne pillars will strengthen our range of Connected Cloud Solutions.”
Ben Jepson, commercial director, SureCloud Cyber Services, said:
“I am extremely excited at the prospect of integrating with one of the best cyber providers in the UK - Cyber Security Associates (CSA), part of the FluidOne group. Prior to the acquisition process, we worked on a number of joint bids with CSA, and it became immediately apparent that both businesses had a complementary service portfolio and were an excellent cultural fit. CSA’s focus on technical excellence, its customers, and its dedication to developing its people echoes our own ambitions. Having a home in a fast-growing business dedicated to cyber will enable us to provide clear career paths for our current people and attract new talent – both of which will enable us to increase the value delivered to our joint customers. I’m looking forward to getting started on this new challenge and for the broader team and our clients to see the huge potential that I have experienced throughout the last couple of months.”
Dave Woodfine, founder and MD, Cyber Security Associates, added:
“Both myself and James Griffiths, as the co-founders of Cyber Security Associates, are delighted to add the world-class cyber services that SureCloud Cyber Services brings to the growing portfolio of CSA capabilities. Having met Ben and his team at SureCloud, we see a great opportunity to enhance the range of cyber services we can offer both existing and new clients through the provision of penetration testing, red teaming, and specialist consultancy. The addition of CREST and CHECK-certified testing alongside a team that understands the specialism of cyber in operational technology and the Payment Card Industry (PCI) will accelerate the growth of CSA this year and beyond. More importantly, as one team, we will be able to work together to close the cyber threat gap and enable all our clients to be more secure.”
Following the acquisition, Russell Horton will serve as the chairman of SureCloud Cyber Services, with additional FluidOne directors joining the board.
