Sysnet Global Solutions, a provider of cyber security and compliance solutions, announced that it has acquired SecureTrust, a division of Trustwave, to further expand its cyber security solutions and accelerate its market expansion.
SecureTrust, a provider of Payment Card Industry (PCI) compliance, provides innovation and processes for achieving and maintaining compliance and security. SecureTrust has over 20 years of experience providing solutions to customers in over 96 countries and is headquartered in Chicago, IL, the statement said.
As part of this transaction, Sysnet is also purchasing a portion of Trustwave’s MSS business primarily focused on the hospitality sector, further augmenting its existing MSS offering, which it already enhanced earlier this year with the acquisition of NuArx, a statement added.
“We are very excited to have the SecureTrust team join Sysnet Global Solutions,”commented Bob McCullen, Chief Executive Officer of Sysnet.“The Sysnet brand has long been synonymous with trusted solutions in the managed security and compliance market. By integrating talent and technology from pioneering brands, such as SecureTrust, into our portfolio, we can deliver the innovation that our clients need to stay ahead of the curve along with the peace of mind that comes with working with a well-established authority in the space, no matter their size or requirements.”
“This business shift will allow Trustwave to rapidly accelerate its momentum as a leader in managed detection and response, world-class professional services, and data protection,” said Eric Harmon, Chief Executive Officer of Trustwave. “Trustwave clients will benefit from a narrowed focus on the offerings that matter most to them. This will translate to more innovations across our industry-leading client services and targeted investment in emerging technologies and world-class talent. We value the partnership and synergy that we’ve had with the SecureTrust team and look forward to their success and future with Sysnet.”
Sysnet’s acquisition of SecureTrust is the latest in a series of the company’s acquisitions over the last 12 months. Sysnet acquired ControlScan MCS and Viking Cloud in late 2020 and NuArx earlier this year. The combined organization creates a scalable platform for next-generation cyber defense with security consulting services delivered by the industry’s leading experts.
Sysnet is backed by FTV Capital and True Wind Capital.
The Sysnet team was assisted in the transaction by Willkie Farr & Gallagher.
Trustwave utilized Jones Day as legal advisors.
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