Advantio acquired by Integrity360 to expand European footprint and provide complementary cyber services capability.
Scaling technology business Integrity360 has continued with its Europe-focused acquisition spree by acquiring Dublin-based payments and cybersecurity business Advantio.
The move enables Irish business Integrity360 to expand further into continental Europe, in particular in the PCI (payment card industry) compliance space.
“The combination of the two businesses provides a powerhouse of technical, cyber and security payments expertise”
The combination of Advantio with Integrity360 brings group revenues to approximately €115m in 2023 from circa €85m in 2022, and expands group resources to approximately 450 employees.
A calling card in payments security
“We are delighted to be welcoming the Advantio team to Integrity360. The enhanced group will now significantly expand our existing activities and cyber services throughout continental Europe, and further develop Advantio’s considerable expertise in PCI compliance,” explained Ian Brown, executive chair of Integrity360.
“The combination of the two businesses provides a powerhouse of technical, cyber and security payments expertise for the group’s customer base, including preparing for the impending arrival of the new PCI DSS 4.0 standard which requires comprehensive threat detection and incident response services. The two companies are highly complementary, with common strengths in cyber assurance, cyber security testing and managed detection and response and share the same customer service ethos. We look forward to delivering our expanded and extensive range of services for the benefit of our combined customers over the coming weeks and months.”
Advantio was founded in 2009, employs approximately 115 employees and is headquartered in Dublin, Ireland and operates from facilities in Italy, Spain, UK, Lithuania, and Ukraine serving more than 250 customers across Europe, the USA and Asia.
The acquisition of Advantio comes just months after Integrity360 merged with Stockholm business Netsecure for an undisclosed sum.
“Our skills combined with those of Integrity360 will provide an extension of our portfolio of professional, support and managed services,” said Marco Borza, founder and CEO of Advantio.
“This is great news for employees, customers, and partners. I am also delighted that we are forming a strategic partnership with the wider Integrity360 group to expand ZeroRisk’s merchant management platform, currently enabling merchants and merchant service providers to measure risk and manage compliance. I look forward to working closely with Ian and the wider Integrity360 team over the coming years.”
Main image at top: Ian Brown, chair, Integrity360