Cybersecurity services provider Caretower has been acquired by Integrity360 creating a £70m-plus revenue entity. The financials of the deal were not disclosed.
Caretower began its commercial life in 1998 and generated sales of circa £28m in 2021. It operates from offices in London and Sofia, Bulgaria. All of Caretower’s employees will remain with the group and the deal marks the next step in Integrity360's pan-European expansion plan.
Ian Brown (pictured), Executive Chairman at Integrity360, stated: “The enhanced group is now clearly positioned as a leading independent cybersecurity services specialist throughout the UK and Ireland.
"With over 300 employees including 200 cybersecurity engineers, analysts, consultants and specialists the group provides a one-stop-shop for business organisations for all their cybersecurity needs.
"In a world where security threats to businesses are increasing daily, having a trusted cybersecurity partner has become a critical board room issue.
"Already providing services to over 1,500 customers the combination of Integrity360 and Caretower positions the group well to provide that partnership for both private and public sector organisations.”
Caretower MD Phydos Neophytou added: “Our skills, combined with those of Integrity360, will provide a further extension of our professional, support and managed services.
"Our two companies are highly complementary, with common strengths in cyber infrastructure, endpoint and SIEM technologies. Together with Integrity360, we will create stronger solutions for our customers. I will continue to offer my support in a senior management role within the enlarged group.”