Feeds

NetSec scoops up Defcom

Escape Hatch

  • alert
  • submit to reddit

Using blade systems to cut costs and sharpen efficiencies

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

Boost IT visibility and business value

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.