Canadian IT security specialist Herjavec Group has announced its expansion into Europe with the acquisition of UK security firm Sysec.
Sysec specialises in information, identity and infrastructure security, offering managed, consulting and professional services to more than 200 enterprise clients across the UK and Europe. It is forecasted to achieve more than £10.6m (CAD$20m) in sales revenue for 2015.
The Sysec transaction accelerates Herjavec Group’s three-year, $250m expansion plan. “We started as a small Canadian firm and have grown exponentially over the past twelve years to 250 team members and $140m in annual sales revenue,” says Robert Herjavec (pictured), founder and CEO of the company – and star of the US version of Dragons’ Den, Shark Tank.
“We recognise that the threat of cybercrime is a global challenge and this acquisition provides the platform for Herjavec Group to support our clients overseas with exceptional, localised, managed services 24/7/365,” he adds.
The amount paid for Sysec has not been revealed.
Sysec will be re-branded as Herjavec Group, with its Reading office serving as its European headquarters.
Cris Pikes, Sysec managing director will lead Herjavec Group’s European expansion. “Herjavec Group is a world-class information security organization that shares Sysec’s high-touch, customer-first approach. I am confident Herjavec Group will take our managed services practice to the next level,” he comments.
The acquisition is part of Herjavec Group’s ‘follow-the-sun’ strategy by developing a London-based Security Operations Centre (SOC) to complement the support offered from its Toronto -based SOC and its technical security centre in Las Vegas, Nevada.
In addition, Herjavec Group expects to finalise construction of its Los Angeles, California SOC by close of Q1 2015.
-
Who is John Roese?Dell's CTO and Chief AI Officer John Roese brings pragmatism to AI
-
Dell names Lisa Ergun as new Client Solutions Group channel lead for the UKNews Dell Technologies has announced the appointment of Lisa Ergun as its new Client Solutions Group (CSG) channel lead for the UK.
-
Scale of Dell job cuts laid bare as firm sheds 10% of staff in a year
News Dell Technologies’ workforce has reduced significantly in recent years, figures show, with headcount at the tech giant dropping by 10% in 2025 alone.
-
Dell Technologies just revamped its Partner Program for 2025 – here's what to expectNews Dell Technologies has unveiled its revamped Partner Program for 2025, offering a range of new incentives for partners.
-
'Nothing is faster than the speed of human interaction': Dell orders staff back into the office as the company shakes up hybrid working practicesNews Dell Technologies has ordered staff to return to the office five days a week, according to reports, with some exceptions allowed for staff located too far from physical office sites.
-
Meta layoffs hit staff at WhatsApp, Instagram, and Reality Labs divisionsNews The 'year of efficiency' for Mark Zuckerberg continues as Meta layoffs affect staff in key business units
-
Business execs just said the quiet part out loud on RTO mandates — A quarter admit forcing staff back into the office was meant to make them quitNews Companies know staff don't want to go back to the office, and that may be part of their plan with RTO mandates
-
Microsoft tells staff it won’t follow Amazon or Dell on enforcing a return to the office – but there’s a catchNews While other big tech companies are forcing reluctant workforces back into the office, Microsoft isn’t following suit
