Sysec specializes in information, identity and infrastructure security, offering managed, consulting and professional services to over 200 enterprise clients across the United Kingdom and Europe. Sysec is forecasted to achieve over $20 million in sales revenue for 2015 and has developed a reputation for outstanding technical engineering talent. By acquiring Sysec, Herjavec Group expands its presence in the European IT security market and is well positioned to service its growing multinational customer base.
The Sysec transaction accelerates Herjavec Group’s 3-year, $250 million expansion plan. “We started as a small Canadian firm and have grown exponentially over the past twelve years to 250 team members and $140 million in annual sales revenue,” says Herjavec. “We recognize that the threat of cybercrime is a global challenge and this acquisition provides the platform for Herjavec Group to support our clients overseas with exceptional, localized, managed services 24/7/365”
Sysec’s office in Reading, UK will now serve as Herjavec Group’s European headquarters. The firm will be rebranded as Herjavec Group and continue to expand its product and service offerings throughout the United Kingdom and Europe. Cris Pikes, Sysec’s Managing Director, who will lead Herjavec Group’s European expansion remarks, “Herjavec Group is a world-class information security organization that shares Sysec’s high-touch, customer-first approach. I am confident Herjavec Group will take our managed services practice to the next level.”
The acquisition facilitates Herjavec Group’s plans to complete its “follow-the-sun” technical support structure by developing a London-based Security Operations Centre (SOC) to complement the comprehensive support offered from its world-class, Payment Card Industry (PCI) compliant, Toronto-based SOC and its technical security centre in Las Vegas, Nevada. In addition, Herjavec Group expects to finalize construction of its Los Angeles, California SOC by close of Q1 2015.
“The work we do in enabling enterprises to be more secure has never had a greater focus on a global scale,” says Herjavec. “I am so pleased to embark on our expansion into Europe and welcome the Sysec team to Herjavec Group.”