Miller Kaplan, a certified public accounting (CPA) firm, has acquired security management services provider Citadel Information Group for an undisclosed sum.
This is M&A deal Number 91 that ChannelE2E and MSSP Alert have covered so far in 2020. See the complete M&A deal list here.
Citadel provides a variety of information security services, including:
- Assessments and Reviews: Consist of information security management and compliance reviews, network penetration testing, web application testing and other security assessments.
- Incident Response/Business Continuity: Provides an organization with a consolidated information security response and business continuity plan.
- Information Security Policies and Standards: Offer information security management playbooks, baselines and standards.
- Phishing Defense Training: Teaches an organization's employees how to identify and respond to phishing attacks.
The Citadel acquisition enables Miller Kaplan to integrate information security offerings into its portfolio. It also allows Miller Kaplan to deliver information security expertise and analysis to businesses, Managing Partner Doug Waite stated.
Is Demand for Security Management Services Increasing?
Demand for security management services looks poised to increase in the years to come, and some companies are investing in security management.
In addition to Miller Kaplan's Citadel acquisition, Israeli security management services provider Cyber Observer in June secured $8 million in a Series B funding round led by cybersecurity solutions company Merlin International. Cyber Observer is using the Series B funds to expand its North American presence and bolster its sales and engineering teams.
Also, Malwarebytes last year unveiled the OneView security management console. MSPs can use OneView to provide customers with custom security services, as well as threat visibility and monthly usage reports.
