SilverSky, a cybersecurity service provider that offers professional managed detection and response (MDR) services, announced that it has completed the acquisition process of Cygilant, based in Burlington, Massachusetts.
ITOCHU International, Inc., the North American flagship company of Tokyo-based ITOCHU Corporation, made a strategic investment of $31.5 million in SilverSky in October 2021, according to SilverSky. In August 2021, SilverSky announced the completion of its acquisition process of New Jersey-based Advanced Computer Solutions Group, LLC (ACSG), which provided the firm a major client base in the US education sector and was the first in a series of planned acquisitions.
Cygilant, a major cybersecurity-as-a-service company, has a security operation centre (SOC) in Belfast, Northern Ireland, and employs some of the world’s top Ph.D.-level cybersecurity, advanced networks, and data science expertise. The acquisition of Cygilant’s UK-based delivery centre expands SilverSky’s access to European marketplaces while complementing the company’s current footprint in Asia and North America.
“Alongside our recent growth-related announcements, this acquisition of Cygilant, a cybersecurity-as-a-service and threat-intelligence powerhouse, helps to further galvanize our efforts to globally expand the SilverSky presence as well as retain and nurture some of the industry’s best cybersecurity and data science talent. Cygilant shares our commitment to rich-service offerings that are unmatched in the industry. We’re pleased to welcome the Cygilant team and their customers,” said Richard Dobrow, CEO at SilverSky.
“We are excited to join SilverSky. This represents a significant next-chapter of the Cygilant journey, as our innovative SOC capabilities and deep bench of cybersecurity expertise are combined with one of the industry’s most comprehensive MDR offerings. The outcome for our customers will be access to the collective set of broader managed services that will continue to enrich their cyber protections and strengthen their security posture,” said Rob Scott, CEO and President at Cygilant who will be joining SilverSky as its Chief Strategy Officer.