SANCOVIA ADVISES THE SWISS IT SECURITY GROUP ON ITS ACQUISITION OF IT.SEC GMBH
Swiss IT Security AG has taken a majority share in it.sec GmbH. it.sec GmbH was founded in Ulm in 1996 and is a service provider specialised in cybersecurity consulting. The company – which has three additional offices in Berlin, Vienna and St. Pölten – serves governmental and non-governmental institutions and companies in more than 30 countries. The 20-strong team, consisting of IT specialists and lawyers, provides its customers with comprehensive advice on information security, data protection and IT compliance issues.
The objective is to make the most of synergies between the two companies and to drive the growth of it.sec GmbH as a group company, in cooperation with the management team.
‘By merging with the Swiss IT Security Group, we will benefit from belonging to a group with established structures and experts in various areas of IT security, so that we can continue to focus completely on our core business and offer our customers even better service’, explains Holger Heimann, Managing Director of it.sec.
‘With it.sec on board, we can strengthen the Group by adding a recognised provider for penetration testing and IT compliance. We have gained tried-and-trusted experts in the shape of Mr Heimann and his team and look forward to offering our customers these additional services in the future’, adds Philipp Stebler, CEO of Swiss IT Security AG.
Founded in 2017 and headquartered in Wettingen, Swiss IT Security AG is a leading corporate group in the DACH region and currently has more than 370 employees. Comprising top-class IT security providers, Swiss IT Security AG blends experience with skills, resources and services with the aim of detecting and successfully averting threats and attacks of all kinds. The Group uses leading IT security solutions and technologies to offer its customers end-to-end IT security from a single source. This encompasses custom strategies, architectures, processes and extensive services packs, as well as sound measures to raise employees’ awareness of IT security vulnerabilities.
Sancovia provided support to the buyer in financial due diligence.