Channel investors, Asia Pacific, Content, MSSP

MSSP CyberCX Buys OffSec Testing Company Insomnia Security

CyberCX, a company that offers security assurance, incident response, digital forensics and managed security services, has acquired New Zealand-based cybersecurity specialist and offensive security (OffSec) testing provider Insomnia Security, according to a prepared statement. The news comes after CyberCX in August announced plans to invest more than $30 million in the New Zealand market.

This is M&A deal 360 that MSSP Alert and ChannelE2E have covered so far in 2020. See the full M&A deal list here.

Insomnia Security's team of 30 cybersecurity professionals will join CyberCX as part of the acquisition, the companies said. These professionals are located in offices in Auckland and Wellington and help Insomnia Security deliver its OffSec testing services.

In addition, the Insomnia Security acquisition establishes CyberCX's penetration testing workforce as the largest in the region, CyberCX CEO John Paitaridis. It also boosts CyberCX's security expertise, Paitaridis noted, and bolsters the company's cybersecurity services portfolio.

A Closer Look at Insomnia Security

Insomnia Security conducts security testing for global organizations, the company indicated. It offers a variety of security testing services, including:

  • Adversary Simulation & Resilience: Helps organizations assess their ability to deal with real world cyberattacks.
  • Mobile Security: Provides insights into security threats across an organization's mobile devices.
  • Penetration Testing: Enables organizations to identity and address security vulnerabilities.

Along with these services, Insomnia Security provides cloud and hardware security reviews, security monitoring and other cybersecurity services. Furthermore, Insomnia Security's testing services are used by organizations in aerospace and transportation, banking and finance and other industries.

CyberCX Acquires Basis Networks, Identity Solutions

CyberCX has been active on the M&A front. In July 2020 the company purchased Australian cybersecurity solutions provider Basis Networks. CyberCX also acquired identity and access management (IAM) services provider Identity Solutions earlier this year.

CyberCX launched in 2019 and it combines 12 Australian independent cybersecurity brands. The company is backed by private equity firm BGH Capital and operates as a full-service cybersecurity firm.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.