Claranet, a global provider of managed IT services (MSP), has acquired NotSoSecure for an undisclosed sum of money. NotSoSecure specializes in ethical hacking training and penetration testing for networks, web and mobile applications.
This latest move follows the acquisition last year of UK-based security firm, SEC-1, and the opening of a new Claranet Security Operations Center in Portugal. These additions, combined with existing security capabilities in other Claranet countries, would demonstrate the significant investment Claranet is putting into the development of a security services capability on a worldwide scale.
Established in Cambridge, UK, NotSoSecure now has teams in San Francisco and India, and supports clients worldwide. NotSoSecure’s customers would include leading financial institutions in New York and London and some of the largest retail businesses in the US and the UK. The company is focused on growing its US business and with Claranet’s support, it intends to strengthen its presence in this market, as well as expanding its footprint in Australia and Asia.
“Our acquisition of NotSoSecure has been made as part of our vision to further enhance the security services and expertise that we are able to offer to our customers, as well as gain access to new global markets such as the US and Australia,” said Charles Nasser, Founder, and CEO of Claranet. “NotSoSecure has a superb track record and an illustrious worldwide reputation, encapsulated by the leading training role it plays at the Black Hat conferences, so we are confident that bringing the company into the Claranet Group will be hugely beneficial to the customers that we serve.”
The company’s founders, Dan Haagman and Sumit (Sid) Siddharth, are remaining with the business to support these international growth ambitions and will continue to play leading roles as Claranet further develops its cybersecurity services in the coming years.
“Since we established the business, the risk of cyber-attacks for organizations around the world has grown exponentially,” said Sumit (Sid) Siddharth, Co-Founder and CTO of NotSoSecure. “However, this has not been matched by an increase in training and knowledge and, as a result, there is now a severe global skills shortage in cyber-security. Our strong presence at Black Hat and other leading conferences means that we get a lot of business in the US through word-of-mouth alone, but I believe that we are just scratching the surface. With Claranet’s backing and experience of breaking into new territories, we are in a strong position to build our service portfolio and seize market share in this rapidly growing and evolving industry.”