Integrity360 revenues to reach €85m after UK acquisition

Irish-headquartered cybersecurity specialist Integrity360 has acquired UK company Caretower, a cybersecurity services provider which reported revenues of £28m in 2021.

Following the acquisition, Integrity360 expects to achieve revenues exceeding €85m/£70m in 2022.

Caretower’s 110 employees will join Integrity360. 

“The enhanced group is now clearly positioned as the leading independent cybersecurity services specialist throughout the UK and Ireland”

The enhanced group is now positioned as the leading independent cybersecurity services specialist throughout Ireland and the UK, with over 300 employees.

A secure deal

“This is a very exciting transaction for us and we couldn’t be more delighted to welcome the team from Caretower to Integrity360,” said Ian Brown, executive chair of Integrity360.

“The enhanced group is now clearly positioned as the leading independent cybersecurity services specialist throughout the UK and Ireland.

“With over 300 employees including 200 cybersecurity engineers, analysts, consultants and specialists the group provides a one stop shop for business organisations for all their cybersecurity needs. In a world where security threats to businesses are increasing daily having a trusted cybersecurity partner has become a critical board room issue. Already providing services to over 1500 customers the combination of Integrity360 and Caretower positions the group well to provide that partnership for both private and public sector organisations.”

The highly complementary organisations have extensive cyber expertise, sharing many of the same partnerships with the world’s leading cybersecurity equipment and software manufacturers.

“Our skills combined with those of Integrity360 will provide a further extension of our professional, support and managed services,” said Caretower’s managing director Phydos Neophytou.

“This is great news for employees, customers, and partners. Our 2 companies are highly complementary, with common strengths in cyber infrastructure, endpoint and SIEM technologies. Together with Integrity360, we will create stronger solutions for our customers. Our teams are a great cultural fit, and we are excited to help Integrity360 serve even more customers and provide new opportunities for our own employees to thrive as part of the enlarged group.”

Main image at top: Ian Brown, chair, Integrity360

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.

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