Espion, an Irish IT security company that employs 80 people, has been acquired by the British Standards Institution (BSI) for an undisclosed sum.
BSI has been on something of an acquisitions spree in the US recently; it operates in 30 countries worldwide and serves more than 80,000 customers.
BSI is the originator of the internationally-recognised ISO 27000 series of Information Security Standards and is the global leader in providing training and certification to ISO 27001.
“Confidence in the security and quality of data is a $75bn market because it is woven into every aspect of business performance,” Howard Kerr, CEO of BSI said. “Information resilience is a crucial element of organisational resilience, allowing business leaders to adapt and grow within an increasingly risk-based digital environment.
“Espion’s world-class consultancy complements BSI’s wider offer and will help further unlock excellence for our clients worldwide.”
Global centre of excellence for information resilience
Espion will become an operating subsidiary of BSI and will function as Espion – a BSI Professional Services Company.
“Over the past few years, managing and securing corporate information has become highly complex owing to increased regulations, growth in the volume of data organisations are generating, as well as the evolving and sophisticated information risk environment,” said Colman Morrissey, managing director of Espion.
“We are very much looking forward to delivering our ambition to develop a global centre of excellence that is at the cutting edge of information resilience. BSI shares our vision to realise this ambition through knowledge acquisition, investment in innovation and adherence to leading industry standards, as well as enhancing methodologies.
“The global reach, resources and industry standing of BSI add tremendously to what we expect will be a very promising future,” Morrissey said.
Main image via Shutterstock
Get your early bird tickets now!