This is M&A Deal Number 35 that MSSP Alert and ChannelE2E have covered in 2020. See the complete M&A deal list here. And it's this year's second eDiscovery-related acquisition; the other involved Legility buying Inventus.
RP Digital Security's clientele includes Asia-Pacific law firms, financial institutions and insurance providers. The company helps customers to investigate data breaches, ransomware attacks, business email compromises and internal employee incidences, and provides remediation and recovery guidance, Kroll says.
The RP Digital Security team now joins Kroll’s Asia Pacific Cyber Risk practice, led by Managing Director and Asia Pacific leader Paul Jackson.
Kroll also partners closely with various MSSPs and MDR (managed detection and response) service providers -- including Red Canary.
Kroll Acquires PR Digital Security: Executive Perspectives
In a prepared statement, Jason Smolanoff, senior managing director and Cyber Risk Global Practice Leader for Kroll, said:
“I am thrilled to welcome the RP Digital Security team to the Cyber Risk practice. Asia Pacific has seen an uptick in reported cybercrime and it is important for organizations to build resiliency against attacks, including a robust incident response plan and preparedness, ahead of a breach. RP Digital Security has a strong reputation for high quality forensics and incident response, helping clients in the region effectively manage the entire incident’s lifecycle, and will now greatly benefit from Kroll’s extensive proactive cyber resilience services.”
Added Rob Phillips, founder of RP Digital Security:
“Kroll’s global reach and comprehensive cyber risk management capabilities are unparalleled, and I am excited to expand on those capabilities with our own. As organizations throughout Asia Pacific see increased exposure to cyber threats while facing stricter legal requirements around data protection, it is important for companies to have a robust system in place, and I look forward to helping our clients tackle these complex challenges.”
“The RP Digital Security team’s expertise, responsiveness and focus on client service are consistent with our values and helped solidify our relationship. With APAC entities increasingly looking for a reliable partner for cyber risk management, the acquisition of RP Digital Security underscores our commitment to high quality solutions and resources to best serve our clients when they most need us, no matter how complex their security challenge.”
Kroll parent Duff & Phelps is the global advisor on such areas as valuation, corporate finance, investigations, disputes, cybersecurity, compliance and regulatory matters, and other governance-related issues.