Cybersecurity business ITC Secure, which is owned by C5 Capital, has bolstered its offering with the purchase of SBD Advisors.
The purchase of SBD is part of the expansion of ITC’s advisory practice and follows ITC’s acquisition of the G3 Cyber Consulting team in January 2018.
Washington D.C.-based SBD focuses on identifying and connecting private sector innovation to meet national security challenges.
The acquisition enhances ITC’s advisory capabilities and broadens the company’s geographic reach into the US market, strengthening its ability to serve existing, global customers and to develop new opportunities and offerings for SBD’s clients.
ITC said it will maintain SBD’s existing consulting practice and will also develop and launch new cyber advisory services to customers in the US, UK and Europe, using its expertise to improve clients’ ability to anticipate and manage cyber incidents.
William Kilmer, Executive Chairman, ITC Secure said, “This acquisition increases the capabilities of ITC’s advisory team and strengthens our ability provide strategic information and advisory services to our customers. With its unique team of national security experts, key advisors, and expertise in strategic positioning, risk management, and strategic communications, SBD will be a key asset to complement ITC’s existing managed security service and cyber security advisory offerings.”
ITC is a portfolio company of C5 Capital, an investment group focused on cyber security, cloud computing and artificial intelligence. The company delivers full, end-to-end cyber security solutions to enterprise and mid-market customers, including board-level advisory services, cyber reviews and risk assessments, as well as fully managed-security solutions through their London-based Security Operations Centre (SOC).
Andre Pienaar, C5 founder said, “SBD brings a deep bench of experienced national security leaders to help advise customers at both Board and Operational levels on cyber strategy, SBD customers will benefit from ITC’s cyber capability and experience and, additionally, ITC’s US customers will benefit from a US-based team in Washington, the leading center for cybersecurity in the US.”
Earlier this year, C5 Capital hired William Kilmer as a managing partner. Kilmer, the former managing director of Intel Capital, was also appointed as the new executive chairman of C5 portfolio company ITC Secure, the UK based provider of managed cyber security and advisory services.
The hire came two months after it marked its first portfolio sale by offloading Balabit to One Identity. Based in Budapest, Hungary, Balabit is a provider of privileged access management (PAM), privileged account analytics and log management solutions that help businesses reduce the risk of data breaches associated with privileged accounts.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
