acquisition

DEAL ALERT Isosceles Cyber Security Client CNS Group Acquired

We are delighted to announce that our client CNS Group, award-winning cyber security services and consultancy business has been acquired by Six Degrees, a leading cloud-led managed service provider.

The acquisition adds the 50-strong CNS Group team and over £7 million of annual revenue to the Six Degrees business together with a market-leading portfolio of security consultancy, compliance, and managed security services.

Isosceles has provided outsourced accounting, HR, CFO and due diligence support services to CNS over the last three years.

Mike O’Connell, CEO at Isosceles commented: “I am delighted for the CNS shareholders and management team, they had a very clear view of what they wanted to achieve when we first met three years ago and have executed to this plan – I’m proud that we have been able to support this execution.  This is an exciting combination bringing together two excellent companies and should provide real benefits for customers of both companies.  Six degrees has proven expertise in acquiring and successfully integrating cutting-edge businesses”

Under the terms of the acquisition, Six Degrees will ramp up its already comprehensive security portfolio in order to provide government accredited managed security services through CNS Group’s dedicated Cyber Security Operations Centre (CSOC). Six Degrees will also begin delivering CNS Group’s Cyber Security Maturity Benchmarking model, Aegis, into client sites. Aegis is a benchmarking toolset, bringing context and understanding at senior management level of the risks that businesses face from a cyber security perspective. It also enables clients to understand their security needs in granular detail, helping them to gauge how and where to effectively spend budget, in order to see real ROI and avoid reputational risk.

“Joining Six Degrees represents the next step in our strategic plan to increase our market share and further enhance our flagship cyber security services” said Shannon Simpson, CEO, CNS Group. “With our shared focus on UK data sovereignty and protecting businesses, this is a great move. Working with Six Degrees will enable us to bring our highly accredited security offerings to all of the services they offer, and we will give clients additional peace of mind and assurance that their data assets are safe. With a history of successful acquisitions and client care for those acquired within a company, we are confident that this will be a smooth and successful integration into the group.”