Acrisure levels up cyber division with acquisitions

FinTech and global insurance broker Acrisure has acquired two Managed Service Providers (MSP) within its Cyber Services division, Catalyst Technology Group and ITS.

Based in Indianapolis, Catalyst Technology Group offers small and medium-sized businesses enterprise-class IT support with a specialty in streamlining processes.

ITC provides IMB system design, integration and consulting services to various industries including manufacturing, distribution, healthcare and education.

Acrisure’s cyber division aims to minimise clients’ risk by deploying modern AI techniques and cloud-native architecture.

The terms of the transaction were not disclosed.

Bill Meara, president, Acrisure Cyber Services, said, “Cyber risk is a threat to organisations of all sizes, but small and mid-size companies are especially vulnerable to increasingly sophisticated attacks. Additionally, cyber insurance carriers are raising the bar for minimum protection needed to secure coverage.

“We provide a single solution that is customized to their unique risk profile, size, industry and more. Now, with Catalyst and ITS we’ve created a holistic IT solution.”

Last month, Acrisure acquired QuickInsured, a tech-enabled insurance agency.

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