F-Secure on Monday signed an agreement to acquire all the outstanding shares of MWR InfoSecurity, a privately held cyber security company operating globally from its main offices in the UK, the US, South Africa and Singapore.
The acquisition is significant for the cybersecurity firm's growth strategy, as it to aims to expand its services to the biggest markets globally. "F-Secure’s combination of man and machine – an approach shared by MWR InfoSecurity – uniquely positions the company to support businesses to fight advanced attacks with its cyber security products and services, the company said in a statement.
MWR InfoSecurity is one of the largest cyber security service providers serving enterprises globally. According to F-Secure, MWR InfoSecurity has skilled expertise in offensive techniques understanding the attacker mindset. Its threat hunting platform Countercept provides extensive proactive attack detection and complements F-Secure’s existing strengths. Additionally, F-Secure’s portfolio will be enhanced by MWR InfoSecurity’s suite of managed phishing protection services (phishd) the company said. As cyber criminals increasingly target companies through their employees, it’s crucial to enable company personnel to identify and avoid these email borne attacks, the company noted.
The combined company will have hundreds of cyber security consultants, making F-Secure one of the few truly global technical security advisors positioned to help organisations fight today’s most sophisticated threats. Learnings from the most challenging incident investigations and from targeted attack simulations provide insights that feed directly back into product creation, ensuring the company’s detection and response solutions are constantly upgraded to meet the latest threats.
The Finnish cybersecurity operator is paying nearly GBP 80 million (EUR 91,6 million) in cash to purchase all outstanding shares in MWR InfoSecurity. The deal that is being funded with a five-year bank loan and the company's own cash reserves is expected to be completed by early July 2018.