From: RegTech Analyst
Cybersecurity company Sysnet Global Solutions has acquired Viking Cloud to further enhance its technology platform and accelerate its market expansion plans.
Viking Cloud delivers asset, event and compliance management through its industry-leading next-generation cloud security platform.
“The acquisition of Viking Cloud into Sysnet is part of Sysnet’s growth strategy and helps ensure that Sysnet continues to be at the forefront of security from the smallest businesses to the largest organisations around the world,” said Gabe Moynagh, CEO of Sysnet.
“Despite larger, and often more stringent internal operations, bigger organisations can be just as vulnerable to online security threats. The Viking Cloud team has proven expertise, experience and technical capability, this combined with our skillset will create the best payment security offering available on the market today.”
The acquisition will also see Robert McCullen, formerly CEO at Viking Cloud, become executive chairman of Sysnet.
“For Viking Cloud, joining Sysnet and creating the market leader is a great move,” he said. “Sysnet is already a world-renowned leader in the payment security compliance industry, and with Viking Cloud as part of the business, we will bolster their position even further.”
No details about the size of the deals were provided by Sysnet or Viking Cloud.
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