SysGroup Acquisition – November 19, 2024
Adding Compliance-as-a-Service (CaaS), Penetration Testing and virtual CISO (vCISO) services
As a trusted technology partner specializing in cloud, data, and security services, we’re delighted to announce the acquisition of the trade and assets of Crossword Consulting Limited (CCL), the consulting arm of Crossword Cybersecurity plc. This strategic move bolsters our position as the partner of choice for customers navigating AI-driven digital transformation.
The global cybersecurity market is forecast to grow to $266 billion by 2027, driven by escalating threats and an increasing focus on data protection and regulatory compliance. Within this landscape, CaaS and Virtual Chief Information Security Officer (vCISO) services are experiencing rapid adoption, with the vCISO market alone projected to expand at a compound annual growth rate (CAGR) of 17.2% over the next five years. This growing demand reflects the critical need for organizations to manage cyber risks and regulatory requirements effectively.
With the integration of the cutting-edge cybersecurity expertise, including Cyber Maturity Assessments, Penetration Testing and vCISO solutions, we are elevating our capabilities to help customers secure the critical infrastructure, data, and processes necessary for scaling AI and machine learning. These enhanced offerings address the increasingly complex compliance challenges faced by organizations, ensuring they can mitigate risks while building trust in their data-driven systems.
This acquisition is a testament to the progress we have made since our equity raise in June 2024, showcasing the strength of our strategic vision and financial foundation. It positions us to meet the accelerating market demand for advanced cybersecurity and compliance solutions, empowering our customers to adopt AI with confidence and unlock new levels of innovation.
We are excited about the opportunities ahead and remain committed to driving transformational success for our customers by delivering secure, innovative, and comprehensive solutions that enable their digital futures.
Sources: Global Newswire and Analyticsinsight.net
