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Eurofins to expand cybersecurity portfolio with Commissum
Posted on Tuesday, 07 July 2020 11:51
Eurofins Digital Testing has picked up Edinburgh-based security company Commissum Associates for an undisclosed sum.
The acquisition will strengthen the buyer’s presence in the European markets and accelerate its growth throughout North America and Asia Pacific.
Following closing, the target’s founder, Martin Finch, will continue to lead the business.
Commissum provides information security, risk management and governance services for multi-national corporations and government agencies across a range of technologies and processes.
The group carries out penetration testing operations to help protect customers against hackers and cyber-attacks.
Commissum also provides monthly managed vulnerability assessments, code reviews and read teaming engagements to highlight a system’s resiliency to any potential security breaches.
Furthermore, the group’s managed services identify and responds to threats, while reducing companies’ costs and overall complexity.
Commissum serves clients across a variety of sectors, namely Marks & Clerk, Burness Paull and Caledonian MacBrayne.
The deal is in line with Eurofins’ strategy to become a global leader within the cybersecurity provision and will complement its existing operations, including compliance testing, advisory services and awareness and training programmes.
Finch said: “Together with our new colleagues we will be helping deliver world-beating quality assurance and cyber security testing to help keep clients in all market sectors stay safe and secure.”
Eurofins provides end-to-end quality assurance and testing services for customers across the finance, retail, government and utilities industries, among others.
The company operates in Belgium, as well as in the UK and the Netherlands.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 1,254 deals targeting custom computer programming services providers announced worldwide in 2020 to date.
Wordline agreed to acquire France-based Ingenico Group for EUR 7.84 billion in the most valuable of these.
RSA Security, Galileo Financial Technologies and DHC Software, among other companies were also targeted in this sector.
© Zephus Ltd