Integrity360 has picked up a fifth SOC, and bolstered revenues to €130m, via its latest acquisition.
The August Equity-backed cybersecurity VAR has purchased 50-employee, €17m-revenue South African peer Grove Group for an undisclosed sum.
The deal will provide the Dublin-headquartered outfit – which ranked 155th in the Oxygen 250 – with around 600 additional customers across 51 countries and bolster its group SOC locations to five.
It will also bring a “deep partnership” with network detection and response vendor Darktrace and propel group revenues to around €130m (up from around €85m in 2022).
Putting a SOC in it
Headquartered in Cape Town, Grove also has a regional office in London.
The deal comes two-and-a-half years after Integrity360 turbo-charged its UK presence by acquiring Caretower, and a year after it trumpeted an €8m investment in its Dublin SOC.
Integrity360 claims it now has 140 dedicated engineers, consultants and cyber experts delivering managed services including EDR, XDR and MDR at its five SOCs in Dublin, Sofia, Stockholm, Naples and Cape Town.
“The addition of another Integrity360 regional hub in Cape Town will further enable us to serve the local needs of customers, and the SOC will add to and expand our already considerable 24/7 SOC operations,” Integrity360 Executive chairman Ian Brown stated.
