15 March 2024
FluidOne’s Cyber Security Associates (CSA) division has acquired SureCloud Cyber Services.
The acquisition will enable CSA to enhance its services and provide its customers with a more comprehensive range of cyber security solutions against the ever-growing cyber threat.
SureCloud Cyber Services was formerly an arm of SureCloud, and has been successfully divested in a strategic move to sharpen the company's focus on its foundational Governance, Risk, and Compliance (GRC) software offerings. This transaction enables SureCloud to not only concentrate on but also to enhance its core GRC business, integrating Continuous Control Monitoring (CCM) to ensure real-time oversight and management of enterprise risks and compliance.
FluidOne’s Connected Cloud Solutions are designed to enable its customer's people to work from anywhere, connecting to their business applications simply and securely. As businesses progress their digital transformation, the continued demand to move applications to the cloud, combined with hybrid working, means the cyber security risks for businesses continue to increase. Over 60% of medium and large UK businesses reported a cyber breach in the past 12 months. This makes Cyber Security a vital part of the FluidOne strategy and solution set. Following on from the December 2023 acquisition of CNC, the SureCloud Cyber Services acquisition takes the FluidOne group to £109 million revenue and 500 employees, with over 50% now being IT and Cyber Security.
“During the acquisition process we have got to know Ben and the senior SureCloud team, combined with surveying their key customers. This has reinforced the quality and expertise of their staff, and a strong alignment in culture and drive to deliver great customer service. We will work together to deliver a world-class cyber Centre of Excellence that together with the other FluidOne pillars will strengthen our range of Connected Cloud Solutions,” said Russell Horton, FluidOne CEO and chairman of CSA.
“I am extremely excited at the prospect of integrating with one of the best cyber providers in the UK - Cyber Security Associates (CSA), part of the FluidOne group. Prior to the acquisition process we have worked on a number of joint bids with CSA and it became immediately
apparent that both businesses had a complementary service portfolio and were an excellent cultural fit,” said Ben Jepson, commercial director, SureCloud Cyber Services. “CSA’s focus on technical excellence, its customers and dedication to developing its people echoes our own ambitions. Having a home in a fast-growing business dedicated to cyber will enable us to provide clear career paths for our current people and attract new talent – both of which will enable us to increase the value delivered to our joint customers. I’m looking forward to getting started on this new challenge and for the broader team and our clients to see the huge potential that I have experienced throughout the last couple of months.”
Post-acquisition, FluidOne’s CEO Russell Horton is to become chairman of SureCloud Cyber Services, with FluidOne directors Simon Ward, Chris Rogers and Roy Hastings also becoming board directors.
