Caretower Acquired by Integrity360 as part of Pan European Expansion Plan
Integrity360 and Caretower, two of the most established and respected providers of cybersecurity services today announced that they have joined forces with Caretower becoming an Integrity360 company. The terms of the transaction were not disclosed.
For the 2021 calendar year Caretower reported sales of circa £28m in 2021 and operates from offices in London and Sofia, Bulgaria. All of Caretower’s employees will remain with the group. Combined the enhanced group expects sales exceeding £70m in 2022.
Both Integrity360 and Caretower are steeped in the roots of the cybersecurity industry having been established in 2005 and 1998 respectively. Both organisations are well known for their deep cyber expertise and customer service ethos and share many of the same partnerships with the world’s leading cybersecurity equipment and software manufacturers.
Phydos Neophytou, Managing Director of Caretower commented, “I am delighted that Caretower is joining Integrity360 and continuing the growth journey that we started over 20 years ago. Our skills combined with those of Integrity360 will provide a further extension of our professional, support and managed services. 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. I will continue to offer my support in a senior management role within the enlarged group.”
Ian Brown, Executive Chairman at Integrity360 commented, “This is a very exciting transaction for us and we couldn’t be more delighted to welcome the team from Caretower to 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.”
Integrity360 is one of Europe’s leading cybersecurity specialists operating from office locations in Ireland and the UK. The group provides a comprehensive range of professional, support and managed cybersecurity services that identify and assess, protect and prevent, detect and analyse and respond and recover cyber risks and threats. Working either independently or as an extension of a organisations own team Integrity360 strengthen security postures for both mid market and enterprise organisations across a wide range of sectors including financial services, insurance, government, healthcare, retail, telecoms and utilities.
During June 2021 the company received a major strategic investment from leading London based private equity firm August Equity as part of a significant growth and expansion plan that will build the brand internationally.