Feeds

NetSec scoops up Defcom

Escape Hatch

  • alert
  • submit to reddit

Intelligent flash storage arrays

London-based security consultancy Defcom Information Security has been bought out of administration by US managed security services firm NetSec. Financial terms of the deal, announced today, were not disclosed.

The newly acquired business will operate under the name of NetSec, and continue to deliver professional security services (e.g. penetration testing) to its European customers. These includes FTSE 100 organisations in the financial, insurance, manufacturing and government markets. It will also offer NetSec's portfolio of vulnerability and event management services.

Other managed security services, most notably Counterpane, have launched European offices only to retrench to the States and rely more on channel partners this side of the Atlantic. NetSec reckons competitors' European expansion plans were premature,
but the time is now right for the market to expand in Europe.

Defcom was placed in administrative receivership earlier this month after its major financial backer, a private equity firm, declined to put more money into its business.

David Howarth, head of sales and business development at NetSec newly-established London offices and previously with Defcom, said that there was nothing fundamentally wrong with its business.

Defcom has been reselling NetSec's services for the last year nand this relationship paved the way for the deal. The founders of NetSec came out of the US intelligence agency community and there's a match in corporate cultures between it and Defcom, we're told.

Howarth was reluctant to discuss whether thee had been any redundancies due to Defcom's spell in administrative receivership. Informed sources tell us a number of pen testers and a sales exec have recently left the firm, however Howarth said that the "core team of the company remains intact".

NetSec UK will employ 14 people with as yet unnamed managing director due to come over from the States to run the firm's London operation shortly. ®

Related Stories

Defcom goes titsup
Symantec buys SecurityFocus, Riptech, Recourse

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.