Tech company bolsters Cyberguard division with new acquisition
Wavenet Group Holdings Limited (Wavenet), backed by Macquarie Capital Principal Finance, has announced the acquisition of Falanx Cyber.
By acquiring Falanx Cyber, Wavenet has further bolstered its CyberGuard division with additional penetration testing, detect & respond and red teaming services.
The acquisition strengthens Wavenet’s position as one of the UK’s foremost cyber security providers.
Wavenet’s existing security division, CyberGuard, is CHECK and CREST accredited and assists organisations with all aspects of cyber security including penetration testing, certification, incident response and the latest security solutions and services from its UK-based Security Operations Centre.
Philip Grannum (pictured), CCO at Wavenet, said: “I am delighted with our latest acquisition that deepens our expertise and resource in cyber security. CyberGuard is already second-to-none with it’s range of services and accreditations, and the acquisition of Falanx Cyber further cements our position as a leader in the field.
The integration of our two businesses will allow us to even better serve our shared customers. I am looking forward to meeting and working with our newest team members and to welcoming Falanx customers to the Wavenet Group.”
Rick Flood, managing director at Falanx Cyber, said: “The opportunity to join the Wavenet Group gives Falanx Cyber even more scope to deliver it’s security services into new customers and markets.
“We are excited to be part of Wavenet’s continued growth in cyber security, and look forward to adding our skills and capabilities to the Group, whilst also allowing our customers to benefit from all of Wavenet’s core services across cyber security, IT, networking, voice and the Cloud.”
