Comms firm boosts cybersecurity offering with latest acquisition
Solihull-based communications company Wavenet’s appetite for acquisitions continues with the acquisition of Fidus Information Security, expanding its cybersecurity offering.
Fidus Information Security is a Cambridge-based advanced penetration testing consultancy. The acquisition solidifies Wavenet’s position as one of the UK’s leading providers of cybersecurity, communications and technology solutions.
Fidus holds a wide range of recognized certifications including CHECK accreditation from the National Cyber Security Center (NCSC) and Crest accreditation and have a proven track record of providing security services to some of the largest organizations in the UK.
“Fidus is well known in the industry for its penetration testing services and holds numerous cyber security accreditations and brings a wealth of knowledge and experience to the Wavenet Group with this acquisition. They have a talented team that has a passion for working at the highest level, going beyond usual industry best practice principles and they share our value of putting customer needs at the heart of everything we do. I look forward to our continued growth and success in integrating Fidus into the Wavenet group,” said Bill Dawson, CEO of Wavenet.
Philip Grannum, Wavenet’s Chief Commercial Officer, said: “UK organizations have seen growing cyber threats and many of them are ill-prepared to allow hackers to infiltrate networks. The takeover of Fidus enables the Wavenet Group to expand its offering and improve the service to our customers. At Wavenet we don’t stop at having solutions for today, we always think ahead and this acquisition is part of our strategy to innovate and offer our customers solutions that future-proof their organizations.”
Kurtis Baron, Founder and CEO of Fidus, added: “Wavenet’s acquisition of Fidus Information Security represents an exciting time for us, Wavenet’s passion and dedication to investing in cybersecurity will allow us to extend our reach to new expand markets. Together we will further expand our existing cyber security offerings and support organizations in all aspects of their IT security systems. I am very excited about this acquisition and what the future holds for our customers and our employees.”
David Ball, who managed the deal from Ashcroft, said: “It has been a pleasure working with Kurtis and the Fidus team and witnessing their incredible journey first hand. We are delighted to have advised them throughout this process, Wavenet is perfectly positioned to support the team as the company enters its next phase of growth.”
Wavenet’s financial advice was provided by Dow Schofield Watts Transaction Services and legal advice by Nimbus Legal.
