Solihull comms firm Wavenet’s appetite for acquisitions continues with the acquisition of Fidus Information Security, adding to its cybersecurity offering.
Fidus Information Security is a Cambridge based advanced penetration testing consultancy. The acquisition further establishes Wavenet’s place as one of the UK’s leading cyber security, communications and technology solution providers.
Fidus hold numerous recognized certifications, including National Cyber Security Center (NCSC) CHECK approval and Crest accredited and, have proven experience providing security services to some of the largest organizations in the UK.
“Fidus are renowned in the industry for their penetration testing services, they hold numerous cyber security accreditations and with this acquisition they bring an abundance of knowledge and experience to the Wavenet Group. They have a talented team who have a passion for operating at the highest standards, going beyond the normal industry best-practice principles and they share our value of putting customer needs at the heart of everything we do. I look forward to our continued growth and success as we integrate Fidus into the Wavenet Group,” said Bill Dawson, CEO of Wavenet.
Philip Grannum, chief commercial officer at Wavenet, said: “UK organizations have experienced growing cyber threats and many of them are ill-prepared giving hackers the opportunity to infiltrate networks. The acquisition of Fidus enables the Wavenet Group to bolster its offerings, and enhance the service provided to our customers. At Wavenet, we don’t stop at having solutions for today, we’re always thinking ahead, and this acquisition is part of our strategy to innovate and strive to offer our customers solutions that will future-proof their organizations.”
Kurtis Baron, founder and MD, at Fidus, added: “The acquisition of Fidus Information Security by Wavenet represents an exciting time for us, Wavenet’s passion and dedication to invest in cyber security will enable us to extend our reach into new markets. Together we will continue to grow our existing cybersecurity offerings and guide organizations in every aspect of their IT security systems. I am immensely enthusiastic about this acquisition, and what the future will offer to our customers and our staff.”
David Ball, who led the deal from Ashcroft, said: “It’s been a pleasure working with Kurtis and the Fidus team, witnessing their incredible journey first-hand. We’re delighted to have advised them throughout this process, Wavenet are perfectly placed to support the team as the business enters its next phase of growth.”
Wavenet’s financial advice was provided by Dow Schofield Watts Transaction Services and legal advice was provided by Nimbus Legal.