CSIS Security Group (CSIS) has acquired Security Alliance Limited (SecAlliance) for an undisclosed amount. The acquisition is part of CSIS’ strategy to become the leading European actionable, intelligence-driven cybersecurity service vendor.
Daniel Shepherd, CEO of CSIS, said, “Our work is all about improving our customers’ security posture, making them harder targets for criminals, and increasing their resilience to ensure highly effective detection of threats and response to incidents.
“We believe that a mature cyber intelligence capability is essential to achieve these goals and there are very few cybersecurity companies globally that have what is required. By adding its Strategic and Tactical Intelligence services, SecAlliance gives us a unique, highly impactful and holistic capability that will benefit all our customers through greater threat awareness, more effective threat detection and faster threat response.”
Who are CSIS and SecAlliance?
CSIS is a Copenhagen-based cybersecurity vendor focused on actionable and operational intelligence, managed services and consultancy. Its target market is large and mid-sized enterprises across several industries. It was acquired by the European cybersecurity group Allurity in 2022 but has continued to operate under its own name since then.
SecAlliance is a UK-based provider of cyber threat intelligence services to financial institutions, governments, and EU agencies. Its customer base also includes telcos, power grid operators, and transport companies. In addition to intelligence services, it also provides consulting services. Importantly, it holds several industry certifications, including CREST, ISO 9001 and ISO 27001.
The announcement says the two companies will operate as an integrated entity but retain both brands. Why both brands are being retained is unclear. It will be interesting to see if the two consultancy arms are merged into a single unit. That would make sense, but much will depend on what the new entity sees as being brand-specific.
CSIS does gain access to the SecAlliance Threat Intelligence tools and data. It can combine that with its actionable intelligence tools to enable customers to make more use of the threat data. It will also see an immediate opportunity to cross-sell that capability to the SecAlliance customer base.
Enterprise Times: What does this mean?
The cybersecurity market is a busy place for mergers and acquisitions, driven by the constant number of new entrants. This particular deal seems to have some benefit for both companies but the main beneficiary would appear to be CSIS.
CSIS gets access to SecAlliance customers, threat data and its consultancy teams. It also gets access to the government business that SecAlliance has, including its UK G-Cloud 12 and Crown Commercial Service Supplier access.
It will be interesting to see how long it takes for the first combined solution to come out and how long the two brands remain separate.
