Accumuli Security (LON:ACM) is further extending its solutions and services framework with the £8.9m acquisition of RandomStorm.
RandomStorm develops solutions for vulnerability management and network security along with security services including penetration testing, social engineering, PCI compliance and ISO audit assessments. The West Yorkshire-based company employs 50 staff, mainly based in Leeds and Wetherby.
Accumuli says the acquisition provides “substantial skills, expertise and revenues, in addition to providing opportunities to further develop Accumuli’s customer intimacy strategy.”
Explains Accumuli CEO Gavin Lyons: “RandomStorm is a business which has excelled in providing market leading integrated information security solutions and services to help its customers manage IT risk and implement security best practice.
“Their expertise and experience in IP creation and security services will add tremendous value to our business and our customer intimacy strategy…We are particularly excited about utilising the IP that has been created, and combining vulnerability management, penetration testing, compliance and audit services with our 24x7x365 Security Operation Centre, to offer our customers a true end-to-end managed service.”
Lyons adds that the close proximity of the RandomStorm business to Accumuli’s own Leeds office provides an opportunity to create a substantial base in the West Yorkshire region, which will be capable of accommodating all current staff of both businesses and attracting future talent.
RandomStorm’s owner managers have agreed to remain with the business for 12 months after completion to manage the transition to Accumuli, and will continue to provide sales and technical leadership to the business.
The acquisition follows the December 2013 purchase of Big Data analytics specialist EQALIS for £1.9m, and of Cambridge-based 2FA firm Signify Solutions for £2.6m in June 2013.
