Atos Acquires Canadian Cybersecurity Consulting Firm In Fidem
Atos, which has a Top 250 MSSP business, has acquired In Fidem to expand its cybersecurity services portfolio and expertise in Canada, according to a prepared statement. The acquisition is expected to be finalized by the end of March.
This is M&A deal number 30 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here. Also, see all MSSP mergers here.
Atos Acquires In Fidem: Company Background
In Fidem will bring its network of more than 100 specialists to Atos’s cybersecurity team, the companies said. It also will help Atos address cybersecurity challenges for private and public organizations across Canada.
In Fidem is a Canadian cybersecurity consulting firm with expertise in the following areas:
- Cloud security
- Digital identity
- Risk management
- Security operations
- Digital forensics
- Cyber breach response
In Fidem reinforces Atos’s position in a fast-growing cybersecurity market, said Pierre Barnabé, senior EVP and head of big data and cybersecurity at Atos. The company is expected to help Atos expand its global cybersecurity market presence.
A Closer Look at Atos and the M&A Market
Atos of Paris, France, has been very active in the M&A market. The global IT consulting firm has acquired or pursued at least 12 companies over the past year. Key M&A focus areas have included artificial intelligence, public cloud services, analytics, automation and healthcare IT services and ServiceNow and Google Cloud Platform (GCP) partners.
In the cybersecurity and MSSP markets, Atos acquisitions include:
- December 2020: Motiv ICT Security for managed security services along with Motiv’s sovereign Security Operations Center (SOC).
- October 2020: SEC Consult Group, a 200-person cybersecurity consulting firm that offers penetration testing, red teaming and technical assessment services.
- June 2020: Paladion for MDR (managed detection and response), managed security services provider (MSS) and SOC (security operations center) capabilities.
Atos ranks first among European businesses in cybersecurity, cloud and high-performance computing, according to the company. It employs 110,000 workers and has an annual revenue of approximately € 12 billion (nearly $14.6 billion).