Business
Integrity360 Accelerates Global Expansion
Global Banking & Finance Review®
Company
Grove acquired by Integrity360 to expand its global footprint, strengthen key vendor partnerships and expand its worldwide SOC operations
Grove acquired by Integrity360 to expand its global footprint, strengthen key vendor partnerships and expand its worldwide SOC operations
London, UK – 28 August 2024 – As part of its global expansion plan Integrity360 has acquired Grove Group, a long standing cybersecurity and cloud services company headquartered in Cape Town, South Africa. The terms of the transaction were not disclosed. The acquisition provides Integrity360 with approx. 600 additional customers across 51 countries, a deep partnership with leading NDR (Network Detection and Response) vendor Darktrace, and another global SOC (Security Operations Centre) location bringing the groups SOC locations to 5. Grove customers will benefit from access to Integirty360’s extensive cyber services portfolio encapsulating cyber risk and assurance, cyber security testing, incident response, infrastructure, end- point, PCI compliance, and a highly comprehensive range of cyber security managed services including innovative XDR/MDR solutions. Integrity360’s innovative range of services have been recognised four times in a Gartner market guide most recently as a Representative Vendor for the second year running in the Gartner guide for Managed Detection and Response services.
Grove, like Integrity360 has a long and deep history in cyber security and was founded in 2005, employs approx. 50 employees and is headquartered in Cape Town, South Africa with a regional office in London, UK. Grove has grown strongly over the last 5 years with a CAGR of over 22%, and during 2023 achieved sales of approx. €17m. Grove serves over 600 customers, across multiple countries and regions including the UK, Europe, Africa, the Caribbean, and Mauritius. Grove has developed deep and long standing relationships with several of the world’s leading cyber security vendors including Darktrace, Proofpoint, ESET, and Mimecast. The combination of Grove with Integrity360 brings group annual revenues to approx. €130m (up from approx. €85m in 2022) and expands group resources to over 500 employees.
Grove’s technical support operations will serve as another SOC (Security Operations Centre) operation based out of Cape Town and will be combined with Integrity360’s other four SOC’s in Dublin, Sofia, Stockholm, and Naples – together operating with over 140 dedicated engineers, consultants and cyber experts in delivering a wide ranging set of managed services for customers including EDR, XDR and MDR (Endpoint Detection and Response, Extended Detection and Response, and Managed Detection and Response).
Grove’s relationship and deep technical skills in Darktrace have led to the company winning the Darktrace partner of the year award for 3 consecutive years, and its innovative “dSOC” managed service for Darktrace technology is enabling a growing number of customers to optimise their investment in Darktrace AI driven threat detection and response technology. Grove’s expertise in Darktrace solutions will add to that developed by Integrity360 following the partnership that it formed with Darktrace in early 2024.
Ian Brown, Executive Chairman at Integrity360 commented “We are delighted to be welcoming Grove to Integrity360. The enhanced group significantly expands our existing activities and cyber services across other continents including Africa and the Caribbean in addition to bolstering our existing markets throughout the UK and continental Europe. The addition of another Integrity360 regional hub in Cape Town will further enable us to serve the local needs of customers, and the SOC will add to and expand our already considerable 24/7 SOC operations. Both companies share a passion for customer service and innovation and we look forward to offering the group’s enhanced range of services to our collective customers and partners over the coming weeks and months”.
Pip Witheridge, Founder and Chairman of Grove commented: “I am delighted that Grove is joining Integrity360 and continuing the growth journey that we started some 19 years ago. Thanks to the support of our customers, partners and employees Grove has grown and flourished during that time and I am confident will continue to do so being part of the Integrity360 group”.
James Vintin, CEO of Grove commented: “The connection between Grove and Integrity360 has developed over an extended period of time, and we could not be more delighted to be joining the group and working closely with Ian and the Integrity360 team over the coming years. I am excited about the future for us as an organisation, for our people and in particular for what the enhanced group can provide our customers and partners moving forward”.
About Integrity360
Integrity360 is one of Europe’s leading cyber security specialists operating from 10 regional locations across the UK and Europe. The group provides a comprehensive range of professional, support and managed cyber security 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.
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. It involves implementing measures to safeguard sensitive information from unauthorized access or damage.
A Security Operations Center (SOC) is a centralized unit that monitors and analyzes an organization's security posture on an ongoing basis. It is responsible for detecting, analyzing, and responding to cybersecurity incidents.
An acquisition occurs when one company purchases another company. This can involve buying a majority stake or the entire company, often to enhance market share, expand services, or gain competitive advantages.
Global expansion refers to the strategy of a business to enter new international markets. This can involve establishing operations, partnerships, or sales in different countries to increase market reach and revenue.
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