Lloyd’s Register (LR) has acquired UK-based Nettitude as it looks to bolster its cybersecurity services offering.
LR, which focuses on testing and consulting services across a number of industries,, didn’t disclose the financial details of the deal. It already provides a range of cyber security services to its clients, including certification, compliance, training, audit and security consulting.
However, the company said the acquisition strengthens its existing portfolio to provide market leading cyber security services to clients, including penetration testing, information security consulting, managed security services and incident response handling.
The combination of Nettitude’s service portfolio and LR’s existing capabilities provides a complete suite of cyber security services to help clients identify, protect, detect, respond and recover from cyber threats according to LR.
“The combination of Nettitude’s focused cybersecurity capability and LR’s ability to execute across a broad range of sectors will make a formidable partnership,” said Nettitude founder and CEO Rowland Johnson. “As the worlds of Information Technology and Operating Technology collide, the need to build integrated cyber security solutions will become essential. LR’s geographic reach, and vision for how technology and data will influence industry will supercharge Nettitude’s growth, and provide significant synergies to LR’s clients and partners.”
Founded in 2003, Nettitude is a provider of cyber security assurance, risk management and managed detection and response services, to organisations across the globe. With 140 employees worldwide, the company is a research-led organisation helps to mitigate the constantly evolving cyber threat.
It helps its clients address information security, risk and compliance needs to identify vulnerabilities and assess technology and business risk to meet compliance mandates such as HIPAA, PCI, GDPR, ISO 27002 and more. Nettitude also help firms with the information security measures necessary for GDPR compliance via: gap assessment against the GDPR standards for information security and incident response practices, to produce a roadmap to compliance. It also helps monitors services to support the information security and incident response aspects of GDPR
Livingstone Partner’s Defence & Security sector team advised the shareholders of Nettitude on the deal. The company represents the third cybersecurity solutions provider that Livingstone has sold in recent years, following the sales of ContextIS to Babcock and Info-Assure to BSi.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
