MSSP Acquired: Eurofins Buys Cybersecurity Service Provider Commissum
Eurofins Digital Testing, an MSSP, has acquired Commissum Associates — which specializes in cybersecurity, risk management and governance services. Financial terms were not disclosed.
This is M&A deal 270 that MSSP Alert and ChannelE2E have covered so far in 2020. See the complete M&A deal list here.
Eurofins Digital Testing gains an increased presence in the United Kingdom, along with accelerated growth in the North American and APAC marketplaces.
Commissum is a CREST Accredited and UK Government NCSC CHECK member company. The acquired company has facilities in the UK (Edinburgh, Birmingham and Leeds) and Kuala Lumpur.
Martin Finch, managing director and founder of Commissum, continues to lead the team and reports to Johan Craeybeckx, business line director, Eurofins Digital Testing International.
Eurofins Digital Testing provides end-to-end Quality Assurance (QA), automated test tools, test services, cybersecurity and managed services to businesses in media, fintech, medical, IoT, governmental and other industries.
Key Eurofins Digital Testing services on the cybersecurity front include advisory services, managed services, assessments, compliance and hacking services.
Eurofins Acquires Commissum: Executive Perspectives
In a prepared statement about the deal, Craeybeckx said:
“The pace set by digital transformations and the near-exponential growth in connectivity is putting increasing demand on all organisations to meet the challenges posed in delivering a safe and secure IT infrastructure and ensuring any devices manufactured are similarly secure. Commissum is acknowledged widely for delivering world class cyber security services. Their integrity and commitment are a perfect fit for Eurofins and we look forward to working with them to expand their working with our other cybersecurity teams around the world to make our clients’ operations safer and more secure.”
“We are excited to be joining Eurofins Digital Testing and working with them to address the cyber security challenges facing companies and organisations today and in the future. 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. Getting onboard with Eurofins Digital Testing marks a new and exciting chapter for us all.”
Mergers and Acquisitions: Cybersecurity and MSSP Providers
Meanwhile, M&A activity in the MSSP, MDR and overall cybersecurity market remains steady to strong. See this regularly updated list of MDR M&A deals as well MSSP acquisitions for more information.